Independent provider of bid and tender writing, training and consultancy

  • Price: Offer Invited
Seller Ref:154798
For Sale

Independent provider of bid and tender writing, training and consultancy

Seller Ref:154798
  • Price: Offer Invited

Overview

Seller Ref: 154798

Description

The company is focused on the delivery of efficient and comprehensive bid and tender writing and management services, along with a broad range of complementary consultancy, training and support solutions.

Specialising in local and central government contracts, the company benefits from a wealth of in-house expertise and has invested in the development of a highly skilled, loyal workforce, enabling it to efficiently manage projects for tenders of all sizes.

The company operates nationally and has built up a loyal, long-standing client basis, with the sustained demand for its services ensuring that it receives a high volume of new, repeat and referral custom throughout the year.

The owners are now offering the company for sale as part of the majority shareholders’ retirement plans.

Key Highlights

– Widely regarded as a leading supplier within its sector, maintaining a strong success rate and helping clients to secure tenders worth billions of pounds.

– Possesses extensive in-house expertise across a diverse range of sectors, with all work being undertaken by directly employed staff.

– Operates across all industries, predominantly working with organisations within the health, social care, construction, infrastructure, housing and M&E sectors.

– Currently works with 250 active clients, 60% of whom provide reliable, repeat custom, and benefits from several strong, long-standing relationships, a number of which have remained in place for over five years.

– Highly experienced and loyal team in place, possessing the skills and expertise required to independently manage and grow the business, post-sale.

– Operates from leasehold premises based in the North of England, with a hybrid working model in place.

Financial Highlights

– Achieved turnover in excess of £1.9 million, with an adjusted EBITDA of £615k.

– Turnover on course to exceed £2.2 million, with adjusted EBITDA rising to £785k.

– The company has achieved consistent, year-on-year growth across the last four years, with turnover and adjusted EBITDA increasing by 67% and 30%, respectively, between YE20 and YE23.

– Continues to benefit from regular repeat custom from long-standing clients, several of which retain the company’s services on an ongoing, contractual basis, ensuring that future revenue is secure.

– Maintains strong gross profit and adjusted EBITDA margins, averaging 98% and 38%, respectively across the last four years.

– Over £379 billion was spent on public sector procurement in 2021/22, creating a sustainable, competitive market with an increasing reliance on high-quality bids, resulting in an enduring requirement for the company’s services.

Is this business relocatable:
No
Is stock included:
NA

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