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the UK marketplace for company sales

B2B warranty & recovery provider to UK motor trade

Reference
S7606
Turnover
£2m to £5m
Sector(s)
Automotive, Business services, Professional & financial, Service industries
Region(s)
UK Wide
Added
26 March 2021

Business description

The company is a leading provider of warranty and recovery products for the motor trade throughout the UK. The business manages sales, administration and the claims handling process.

Our clients are offering the business for sale as they believe the time is right for a new owner to take the company to the next level. They are willing to provide a mutually agreeable handover period, if required.

Offers invited.

Highlights

  • 95% and 5% split between trade and direct clients, respectively.
  • Develops cutting-edge products, including an online sales and claims system. 
  • Maintenance, repair and service warranty risk capacity is produced in-house, whilst its recovery and breakdown support products are supplied by a well-known insurer. 
  • Continually increases its client base through its sales network. 
  • Operating systems are owned by its own systems company, which will be included in the sale. 
  • Achieved a Trustpilot rating of ‘Excellent’. 
  • Operates from leasehold premises. 
  • Existing staff available to take on greater responsibilities within the company, with progression planning in place.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2017 (Actual) 3,327 339
2018 (Actual) 3,443 214
2019 (Actual) 3,776 329
2020 (Actual) 3,861 1,068
2021 (Forecast) 5,597 1,761
  • Combined turnover of c£4 million in YE20, with an EBITDA of c£1.3 million.
  • YE21 projected turnover of c£5.6m. 
  • 85% recurring revenue model. 
  • FCA registered. 
  • Own underwriting service developed and used in-house to secure additional profitability going forward.

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