Achieved a turnover of £2.2 million in YE19, with an EBITDA of £148k.
Distributes a wide range of products including sewing, knitting and overlocker machines.
Also supplies compatible yarns and threads in a variety of ply and colours.
Serves over 150 active clients, 90% of whom provide the company with reliable, repeat business on an ongoing basis.
Strong second-tier management team in place, capable of running the company on a day-to-day basis, with minimal input from the Directors.
Scope for further growth by taking on more proactive marketing techniques.
Strong pipeline in place with a prominent textiles retailer.
Offered for sale as part of the shareholders’ plans for retirement.
Operates from leasehold premises which are owned by the shareholders, based in the south of the UK.