Based in South West England, the company is a highly specialist distributor of passive fire protection materials that are commonly used in the construction of buildings, with technical staff on hand to provide detailed aid to clients.

Operating on a predominantly national basis, the business provides its products and services to those of the commercial and private sectors, benefitting from an extremely loyal client base alongside a consistent stream of new custom.

The company is being offered for sale to facilitate plans for retirement, with a key shareholder having advised that they are willing to provide a handover period. Offers invited.

Key Highlights

– Benefits from several strong, long-standing client relationships, some of which span over 10 years.

– Circa 1% of current annual turnover is attributed to international sales, with scope for an acquirer to focus on increasing this.

– Dedicated websites are in place and bolstered by SEO and PPC advertising, currently resulting in circa 52% of overall sales with a conversion rate of 4.7%.

– Operates from freehold premises fully owned by the company.

– The current management team is capable of effectively managing and growing the business on an ongoing basis.

– Scope for additional growth via the introduction of complementary products.

Financial Highlights

– YE23 turnover of circa £1.49m.

– Adjusted EBITDA of £266k achieved in the same year.

– Forecast turnover of £1.85m expected for YE24.

– Turnover increased by 54.3% from YE21 to YE23.

– Average gross profit margin of 32% over the last three financial years.