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Lifestyle accessories

Reference
S8816
Turnover
£2m to £5m
Sector(s)
Creative industries, Distribution, freight & logistics, Leisure, Miscellaneous, Retail & wholesale, Service industries, Technology, Tourism
Region(s)
East of England, East Midlands, London, North East England, North West England, Northern Ireland, Scotland, South East England, South West England, Wales, West Midlands, Yorkshire and the Humber, UK Wide, Outside UK
Added
09 May 2022

Business description

  • Lifestyle accessories company, with an excellent reputation and growing client base. The Company’s trademarked brand is recognised globally in the male accessories market. Representing an excellent opportunity for an ambitious acquirer looking to build on the Company’s strengths and realise its significant growth potential.
  • Specialises in creating premium functional tech and lifestyle accessories across five core markets: leather phone cases; leather iPad/tablet/laptop cases; travel accessories; golf accessories; and bags, wallets, and home working accessories
  •  A value driven company with a focus on high quality genuine leather and quality craftmanship, attention to detail in design, and an accessible price point without  compromising on quality underpinned by first class customer service.

Highlights

  • Supported by manufacturing partners in China, the operating model has been designed to be scalable, supporting the continued growth in turnover.
  • A highly proficient and experienced workforce of 13, with the service teams operating independently of the exiting shareholders.
  • Significant further growth potential via: expansion of existing sales channels; further geographical expansion into new regions; expansion of direct to consumer channels internationally; and develop new retail relationships.


Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2019 (Actual) 2,801 319
2020 (Actual) 3,624 399
2021 (Actual) 4,798 495
2022 (Forecast) 5,888 613
2023 (Forecast) 6,754 716

The 32% growth in revenue in FY21 and 22% growth in FY22 highlights the scalable nature of the business model the Company has established, and the benefits flowing from the recognised brand delivering new revenue opportunities.

 

Opportunities

Project Madrid represents a significant opportunity for an ambitious acquirer looking to gain a strong foothold in this sector and fully exploit the Company’s potential.   

· Organic growth 

 

· Geographical expansion of direct to consumer model

 

· Expand into new channels

 

· Strategic expansion

Reason for sale

The decision to sell follows the shareholders’ decision to seek an ambitious new owner who can build on Madrid’s strengths and realise the Company’s significant growth potential.

Additional information

Offers are invited for the entire share capital of the Company

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