IT & Computing services for sale in United Kingdom

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Mike Watts and Wendy Race (September 2016)
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Leasehold Price: Offers Invited Annual Turnover: £942,000 Annual Gross Profit: £504,000 Annual Net Profit: £270,000
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Business Description
Business Summary

Highly successful provider of IT Support and Services company for IBM technologies.

Based across the UK with its largest clients located in London, Birmingham and Glasgow.

Turnover for the year to December 2016 was over £1.16m with a gross profit of 35%.

The forecast for 2017 is for a turnover of £943k with gross profit of £504k or 54%.

Out of a revenue of £1.16m in 2016, £372k (32%) is for IT support services.

Out of a forecast turnover of £943k in 2017, £403k (43%) is expected to for IT support services.

The company is quickly approaching the point where approximately 50% of its turnover will be from high margin IT support services.

Two clients have multi-year year support contracts that together are worth £168k or more than 40% of IT support revenue.

All clients buy blocks of days for IT support services as required on a project basis.

The business has a desirable client base of blue-chip companies and high client retention rates.

The client base is mainly made up of businesses in the retail, business services and transport sectors.

The business would be of particular interest to other IT support, cloud services and/or telecoms companies that are looking for a strategic acquisition to add to their portfolio and could make significant synergy savings.

Being an IBM Premier Business Partner in the social space; the acquisition of the company is likely to be of particular interest to other IBM partners globally or a Microsoft partner looking to diversify.

There is a strong team of qualified technical staff in place.

The company has excellent cloud based financial management systems in place.

Products and Services

IT Support Services:
24/7 Support and Systems Management
Desk side or on-site support
IT co-sourcing and outsourcing
Software procurement

Managed Services:
Hosted email
Hosted virtual servers
Managed data back-up
Virtual Disaster Recovery

Software development:
Integration, development and support of IBM Collaboration solutions


2 Directors, with 3 full-time and 1 part-time members of technical staff.


Rented office - lease on 1 months’ notice.

Reason for sale

The vendors are pleased to have built the business to its current size and profitability. However, each Director also has 2 other business interests and have taken the decision to exit this business to focus on those other interests now this business has a very solid foundation and platform from which to grow.

Financial overview for year ending 31st Dec 2017 (Forecast)

Sales Revenue: £942,852
Gross profit: £504,447 (54%)
Adjusted EBITDA: £200,340 (21%)
Further Adjusted EBITDA: £270,340 (29%)

– Adjusted EBITDA is stated after having accounted for the vendors’ replacement cost.

Offers invited
Tenure: Leasehold

Is this business relocatable: Yes

Downloadable Documents

Listed by: Hornblower Business Brokers Ltd
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