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Deal Opportunities.co.uk

the UK marketplace for company sales

Legal practice

Reference
S11842
Turnover
£1m to £2m
Sector(s)
Professional & financial, Service industries
Region(s)
North West England
Added
30 July 2024

Business description

Based in North West England, the company is an alternative business structures (ABS) legal firm, regulated by the Solicitors Regulation Authority, specialising in poor housing conditions cases and associated personal injury. The company also provides advice and services relating to personal injury and RTAs.

The company has a well-established and strong national reputation, receiving
many referrals from previous clients that generate new, long-term client
relationships. Demonstrating its exceptional service provision, the company
benefits from circa 300 five-star reviews on Google and self-generates all of its work.
The business is now being offered for sale to facilitate investment and growth
under the impetus of new ownership.
Offers invited.

Highlights

  • Diverse, wide-ranging national client base.
  • Fee income is generated by several qualified and non-qualified fee earners who have been with the company for five years or more. 
  • Operates from leasehold premises in a prime location with a high level of passing footfall. 
  • Ideal acquisition opportunity for a synergistic organisation to benefit from the company’s ABS status and large, loyal client base, and self-generated work.
  • Recruiting further, skilled staff members will allow the company to continue to develop its housing disrepair team and increase sales. 
  • The internal marketing efforts could easily be scaled up to double or triple existing case leads.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2021 (Actual) 1,789 474
2022 (Actual) 1,803 637
2023 (Actual) 1,791 671
2024 (Forecast) 1,800 643
  • Turnover of circa £1.7m in YE23 with an adjusted EBITDA of £670k.
  • Projected turnover of £1.8m in YE24 with an adjusted EBITDA of £640k. 
  • Circa 20% of sales are generated through word-of-mouth referrals from previous clients, with the remaining 80% coming from online marketing. All marketing is in-house. 
  • Housing disrepair personal injury department is beginning to generate approximately £20-30,000 per month, in addition to housing disrepair costs.

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