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Project management and cost control consultancy

Reference
S9118
Turnover
£0.5m to £1m
Sector(s)
Business services
Region(s)
UK Wide, Outside UK
Added
04 August 2022

Business description

This consultancy business was established in the 1930s by the owner’s grandfather.  The current owner has been running the business since the mid 1990’s and having managed remarkably successfully through the pandemic, he is now able to return to his pre-Covid plans to sell in order to enjoy a well-earned retirement.

The fee-earning team comprises 6 full-time consultants (excluding the owner) plus a part-timer.  Five of the full-time staff are in their 20s, 30s and 40s.  The business operates mainly in the UK but also in Europe where one of the executives is based. 

Clients are mainly larger international businesses looking to develop their brands across multiple sites in the UK and Europe.  Annual fees per client vary from under £10k to £150k, averaging at around £50k.

The owner takes pride in the business being able to ‘do as little or as much as required to suit each Client’s individual needs…... whilst remaining truly independent in our approach but still working very closely with the Client’s in house delivery Team’

The business is based in short-leasehold offices in the Midlands.  As a result of the pandemic, the executive staff are now working flexibly attending the office on a part-time basis.

Following a few challenging years, most recently as a result of the pandemic, the business is on track to generate fees of nearly £800k in 2021 generating a profit of nearly £300k before owner’s drawings.  This represents a return to levels achieved in previous years and is expected to be sustainable going forward.

The Guide Price for 100% of the shares of the business is £675k – the owner is expecting to remain with the business for up to 2 years and is prepared to consider some deferment linked to performance over that period.

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