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the UK marketplace for company sales

Leather bags, fine jewellery & accessories retailer

Reference
S8812
Turnover
£1m to £2m
Sector(s)
Creative industries, Miscellaneous, Retail & wholesale
Region(s)
UK Wide, Outside UK
Added
06 May 2022

Business description

The company is a leading independent premium brand producing high-quality contemporary leather bags and accessories through its comprehensive e-commerce platform and department store retail concessions.

This design-led brand houses an extensive product offering, featuring leather bags available in a customisable range of colours and styles, with some personalisation opportunities.

The shareholders are offering the company for sale as part of their retirement plans.

Offers invited.

Highlights

  • Key long-term manufacturing relationships provide a trusted and broad product offering from Italian leather bags, sterling silver and gold jewellery, British-made homeware and bespoke or personalised leather accessories. 
  • Loyal customer base of private individuals achieving an outstanding repeat purchase record. 
  • Brand has a well-established and extensive e-commerce platform, which has recently been extended to enable full multi-currency, international expansion.
  • Sales are primarily generated via its own website, with additional sales from concessions within department stores and other online retail supplier agreements. 
  • Benefits from a strong social media record, comprehensive yet profitable sales and marketing, with outstanding customer service. 
  • Operates from leasehold premises. 
  • Growth opportunities include the development and diversification of its product range, expansion across additional selling platforms and increased focus on marketing through social media.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2021 (Actual) 601 143
2022 (Actual) 1,223 248
2023 (Forecast) 1,986 600
  • YE22 turnover of £1.2m, with an EBITDA of £250k
  • Turnover set to rise to £2m in YE23, with an EBITDA of £600k 
  • Gross profit margin of 60%

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