Acquisition Opportunity - Project Vow
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Acquisition Opportunity - Project Vow
Mazars LLP are seeking potential investors/purchasers for a business that designs and manufactures fixtures and fittings.
Background
- Incorporated in 1955, the Company designs, develops, manufactures and supplies display furniture for the retail sector and fixtures for the healthcare, education and office sectors.
- The stock consists of bespoke products manufactured, including wood, metals, acrylics and glass.
- The Company operates from leased premises outside of Manchester and has done so since 1957.
- A total of 50 people are employed by the Company.
- Principal assets comprise of plant and equipment, office furniture and equipment, stock, wholesale knowledge and expertise.
Financial highlights
£' | FY Dec 19 | FY Mar 21 | FY Mar 22 |
Turnover | 3,948,109 | 3,025,283 | 2,645,533 |
Gross margin | 28% | 18% | 25% |
Profit/loss | (156,270) | (469,374) | (439,938) |
Goodwill | 24,000 | 14,000 | 6,000 |
Plant, equipment, OFE | 98,063 | 83,021 | 66,374 |
Stock | 204,919 | 207,394 | 238,195 |
Key selling points
- Well-established brands
- Specialist wood processing machinery
- Creative design team
- Established reputation retail branch network
- Installation service
- Experienced skilled joinery and assembly team
Next steps
Further information will be available on request and will be provided upon receipt of a signed non-disclosure agreement. Marketing is being undertaken on a compressed timetable and as such offers should be submitted along with proof of funding as soon as possible and no later than 20 April 2023.
National contact