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the UK marketplace for company sales

Online retailer, distributor and brand of lights

Reference
S11557
Turnover
£2m to £5m
Sector(s)
Retail & wholesale
Region(s)
East of England
Added
30 April 2024

Business description

Overview

  • Online retailer and distributor of own-branded lighting products with global sales in over 90 countries, based in Essex, UK.
  • Offers a comprehensive range of competitively priced, functional and decorative lighting solutions.
  • Sold via high profile sale channel partners in the UK, EU and US.
  • Products have an exceptional reputation with customers.
  • Building on established relationships with household brands in the UK, laying the foundation for future growth.
  • Early-stage expansion of B2B channels via online marketplaces.
  • Generated c.£3.7m revenue and c.£908k EBITDA in FY23.
  • Gross profit and reported EBITDA margins have risen from 24% and 12% in FY22, to 31% and 19% in FY24E, respectively.
  • No indebtedness, with all investment funded off the balance sheet.
  • Purpose built 9,000 sq. ft. premises owned by majority shareholder.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2020 (Actual) 4,404 0
2021 (Actual) 5,531 0
2022 (Actual) 4,331 0
2023 (Actual) 3,725 0
2024 (Forecast) 3,936 0

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