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Designer & E-commerce seller of women’s clothing

Reference
S12288
Turnover
£5m to £10m
Sector(s)
Creative industries, Leisure, Miscellaneous
Region(s)
UK Wide, Outside UK
Added
07 February 2025

Business description

Project Forsythia is a long-established, internationally successful women’s clothing brand, featuring diverse styles and cultural influences.

The company has established itself as a leader in the industry by remaining attentive to emerging trends, designing timeless pieces, and utilising high-quality recycled fabrics for environmentally conscious consumers.
Our clients are now offering the business for sale to facilitate further development under the impetus of new ownership.
Offers invited.

Highlights

  • Established successful international D2C and B2B networks.
  • Works closely with 16 well-regarded, blue-chip clothing retailers, with key relationships spanning up to 16 years.
  • Utilises a trusted logistics company for the import of clothing.
  • Built a loyal supply chain comprising organisations based in India, China, and Italy.
  • E-commerce sales account for 84% of the brand’s revenue, with 170k active customer accounts.
  • Operates from leasehold office premises and two retail stores.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2022 (Actual) 8,498 397
2023 (Actual) 9,250 293
2024 (Actual) 10,337 497
2025 (Forecast) 11,500 1,200
  • Achieved a turnover in excess of £10.3m in YE24.
  • Forecast YE25 revenue of £11.5m with £1.2m adjusted EBITDA, driven by margin improvement, platform migration, and reduced returns.
  • Gross margin improved to 68% in YE24, with significant cost efficiencies unlocked via digital transformation and leaner inventory strategy.
  • Current assets have a value of £4.3m.
  • Zero debt business with £500K dividend declared in 2024, showcasing solid cash generation and shareholder return.
  • Targeting $3–5m US sales by 2026, supported by high average selling prices ($140–$175) and direct sourcing from India/China to the US from Spring-Summer 2026 onward.
  • Lean cost structure and scalable operations, with outsourced logistics and fulfilment via trusted partner and global supplier base in India, China, and Italy.

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