Overview
Description
Based in the North West of England
Overview
Project Parchment provides a comprehensive range of paper products and stationery, as well as bespoke added-value products.
Products include arts and crafts, exercise books, paper, card, SEN items, and stationery.
Alongside this, the company manages a fully-owned and operated transport division, enabling the business to provide flexible and cost-effective deliveries of its products.
Our clients are now offering the business for sale to facilitate retirement plans.
Offers invited.
Key Highlights
– Operates from a high-capacity stockholding facility, with a large manufacturing and production space, which is currently leased by the Company from the shareholders.
– Has modern ERP software which integrates all departments onto one system and can facilitate a wide range of automated processes.
– Preferred supplier status for a number of large public and private sector purchasing organisations, supplying goods on several government contracts and through wholesale supply agreements.
– Utilises a multitude of e-commerce platforms, including two company-owned websites.
– The Company currently has circa 1.5k customers, 65% of which provide reliable streams of ongoing revenue.
– Experienced and dedicated team in place who are capable of running the business without input from the primary shareholders.
– Has invested in a large amount of machinery throughout its time in operation, making it fully equipped for major growth.
Financial Highlights
– Turnover of £7m+ in YE23 with an adjusted EBITDA of £823k.
– Supplied goods to six public sector organisations on 16 framework agreements in the last reporting period, generating £1,227,258 in sales.
– 34% of sales are derived from council framework agreements, high-volume wholesale supply agreements, and transport services contracts.
– Has experienced increases in sales from large accounts of up to 57% between YE22 and YE23.
– Conducts business online via multiple channels, which accounted for 22% of overall sales in YE22–YE23.
– Generates approximately 12% of its turnover from local schools, providing a loyal customer base and consistent source of revenue.
– Future opportunities include bespoke exercise book tenders, with five high-volume opportunities identified over the next four years that have the potential to increase bespoke exercise books output by 283%.
– Premises valued at circa £3m can be included in the sale, subject to negotiations.
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