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the UK marketplace for company sales

Multi-application wet wipes

Reference
S8829
Turnover
£1m to £2m
Sector(s)
Health & care, Service industries
Region(s)
UK Wide, Outside UK
Added
12 May 2022

Business description

Supplies a unique and innovative range of industrial wet wipes and nonwoven wipes for clients in the retail, wholesale and distribution markets.

Provides sustainable and biodegradable wipes in proprietary brand as well as private label.

Offered for sale to facilitate a relocation overseas and to allow the owners to spend more time with family.

Offers invited.

Highlights

  • Scope to expand the product range, recruit further staff and invest in additional marketing strategies to facilitate growth. 
  • Operates from leasehold premises, which retain space for additional staff. 
  • The company’s products have registered UK, EU and US trademarks. 
  • Retains 98% repeat customers year-on-year. 
  • Ideal bolt-on acquisition for similar providers in the sector who are looking to expand their client base and service offering. 
  • Managing Director willing to provide a handover period, post-sale.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2018 (Actual) 1,018 237
2019 (Actual) 1,043 174
2020 (Actual) 3,364 1,090
2021 (Actual) 1,771 420
2022 (Forecast) 2,300 540
  • YE21 turnover in excess of £1.7m, with a gross profit margin of 35%.
  • YE21 adjusted EBITDA of £420k. 
  • The business has a forecast turnover of £2.3m for YE22, with its YE22 gross profit margin expected to remain the same as YE21.

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