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Deal Opportunities.co.uk

the UK marketplace for company sales

Fintech & IT solutions - forex & payment market

Reference
S8127
Turnover
£1m to £2m
Sector(s)
Business services, Professional & financial
Region(s)
London
Added
12 October 2021

Business description

The company is a highly regarded, independent organisation which provides a comprehensive end-to-end software solution for the forex market, as well as POS, networking and bespoke software services targeted at clients in the retail, wholesale, manufacturing and medical supply sectors.

The business has experienced significant growth since its inception, with the strength of its specialist service offering and established client relationships
ensuring the sustained success of the company.

Our clients are now offering the company for sale as they would like to realise value from the business they have built, whilst finding a partner or new owner to enable them to progress the business through its next stage of growth.

Highlights

  • Significant opportunity to further develop and grow the forex software solution side of the company under the impetus of new ownership. 
  • Successful business operating for over two decades. 
  • Has achieved ISO 9001 quality standard certification. 
  • Retains over 100 active clients and has circa 550 contracts in place. 
  • Operates from leasehold premises. 
  • Ideal bolt-on acquisition for complementary service providers looking to enhance their portfolio with a specialist IT provider that is well-established in a number of markets.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2018 (Actual) 1,234 90
2019 (Actual) 1,375 564
2020 (Actual) 1,530 610
2021 (Forecast) 1,650 649
2022 (Forecast) 1,970 974
  • Turnover of £1.5m in YE20 with an adjusted EBITDA of £610k.
  • YE21 projected turnover of £1.7m.
  • Turnover expected to rise to £2m in YE22 and £2.4m in YE23.
  • Strong balance sheet with shareholder funds in excess of £1.2m.
  • Circa 1,269% increase in EBITDA between YE18 and YE23 forecast.
  • 50% contracted recurring revenue.
  • Achieved an average gross profit margin of 79% over the last three years.

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