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Deal Opportunities.co.uk

the UK marketplace for company sales

IT skills & support

Reference
S7392
Turnover
£0.5m to £1m
Sector(s)
Business services, Miscellaneous, Professional & financial, Service industries, Technology
Region(s)
London
Added
22 December 2020

Business description

The company provides IT support to SMEs in London.

The company carries out maintenance and support as well as IT project management, replacing the need for an internal IT department.

Seeking to provide the best solution for each business, the company provides both prepaid hours and monthly contracts.

The owners are now offering the business for sale to facilitate growth.

Highlights

  • Long-standing relationships with clients spanning over ten years, 64% of whom have monthly contracts.
  • Offers a range of ancillary products including cloud service, Microsoft Office and CRM.
  • Employs highly skilled and experienced staff with over ten years of industry knowledge.
  • Accessible premises within one hour’s drive of most of London.
  • Offers invited.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2018 (Actual) 611 14
2019 (Actual) 612 154
2020 (Actual) 680 154
2021 (Actual) 740 185
2022 (Forecast) 760 194
  • Turnover in FY21 of £740k.
  • Adjusted EBITDA of £185k.
  • Profits have grown steadily since FY15.
  • Projected FY22 figures indicate a turnover of £760k.

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