Software developer offering business management application suite – based in South East England
Software developer offering business management application suite – based in South East England
Overview
Description
Based in South East England
The company provides a highly scalable and powerful financial management suite for the SME market, facilitating financial, warehouse and distribution management for UK and international organisations. Available as a cloud-based or on-premises solution, the highly flexible programs are designed to automate and streamline a range of business processes.
The software is a financial management system developed for Microsoft SQL Server that simplifies and automates the processes of managing receivables / payables, procurement, stock management, ordering, collecting / submitting taxes, and closing the books. It enables timely, accurate reporting with real-time access to financial data that can be easily drilled into in order to resolve issues, and satisfies multiple regulatory financial compliance requirements.
There is also a server-based haulage management solution that includes easy-to-use traffic management features with smart and efficient tracking, job planning and vehicle defect monitoring.
The business is being offered for sale due to the shareholders’ retirement. Offers invited.
Key Highlights
– Software that is fully adaptable for a range of industries and geographic areas.
– Excel add-in providing direct reporting access to MS SQL Server data.
– Secure external system integration providing best-of-breed solutions to a wide range of clients.
– Training and supported provided by an in-house team.
– 70 active clients, over 90% of which have used the software for over five years, with some relationships spanning two decades.
– Strong second-tier management team in place.
– Operates from leasehold premises.
Financial Highlights
-Turnover of £517k, with an adjusted EBITDA of £125k.
-Projected turnover of £589k, with an adjusted EBITDA of £230k.
-Primarily generates revenue from ongoing software licensing fees, which account for 63% of its annual turnover.
-Strong pipeline of future work, with subscription renewals expected to generate £185k between April and June 2024. This will be supplemented by an additional £106k in confirmed income and up to £215k from outstanding tenders.
-An opportunity to have a share of the annual £11.69bn enterprise software market.
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