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Independent electrical wholesaler

Reference
S12454
Turnover
£25m to £50m
Sector(s)
Electricity, gas & water supply, Miscellaneous, Retail & wholesale, Technology
Region(s)
South East England, South West England
Added
15 April 2025

Business description

Project Ivory specialises in the sale of an extensive range of electrical products from numerous trade counters across Southern England, as well as various e-commerce websites.

The company’s comprehensive product range includes lighting and accessories, ventilation systems, wiring accessories, security and fire safety solutions, and heating and cooling systems.

The business also operates a renewables division that offers consumers a variety of solar solutions, including panels, technology, batteries, inverters, and accessories.

Our clients are now offering the company for sale to realise the assured value of the existing business. Offers invited.

Highlights

  • Serves customers in an array of sectors, such as electrical contracting, building and construction, manufacturing, education, wholesale, healthcare, and leisure.
  • Benefits from 1,000 active customers, 85% of which provide reliable streams of ongoing revenue.
  • Has strong relationships with all major manufacturers.
  • Operating for over 20 years.
  • Member of one of the UK’s leading buying groups.
  • Operates from seven warehouses with a trade counter, one of which is shareholder- owned.
  • Also operates from three distribution warehouses, a renewables distribution warehouse, and a training centre, all of which are leasehold.
  • Each store location benefits from between 100 and 200 trade account holders on a monthly basis.
  • 70% of income derives from commercial customers, with the remaining 30% generated from domestic customers.
  • Highly experienced dedicated management team in place.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2021 (Actual) 17,880 711
2022 (Actual) 22,585 1,384
2023 (Actual) 25,713 1,405
2024 (Actual) 25,866 960
2025 (Actual) 31,610 1,939
  • YE24 turnover of £26m.
  • Adjusted EBITDA of £960k achieved within the same year.
  • YE25 outturn indicates a turnover of circa £32m.
  • 15% of revenue derives from e-commerce sales.

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