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the UK marketplace for company sales

RFID self-service technology & software

Reference
S8291
Turnover
£2m to £5m
Sector(s)
Miscellaneous, Technology
Region(s)
UK Wide, Outside UK
Added
02 December 2021

Business description

The company has developed an innovative range of state-of-the-art RFID products for use within libraries and educational facilities, which offer an enhanced service for patrons and provide clients with an increased level of control over their operations.

Utilising a highly experienced team and dedicated inhouse design and manufacturing facilities, the company continually strives to develop innovative, leading-edge self-service solutions that meet the evolving demands of the market, whilst providing an exceptional standard of customer service at all times.

Having built up a successful and highly respected business, our client is offering the company for sale as part of their retirement plans.

Highlights

  • Operates on an international basis, having established a prominent share of both the UK and USA markets and earned an excellent reputation as a dependable supplier of high-quality products. 
  • Predominantly works with public and academic libraries, maintaining strong, long-standing client relationships, some of which span over 10 years. 
  • Long-standing and highly skilled team in place, possessing the skills and knowledge required to manage day-to-day operations on an ongoing basis. 
  • Operates from leasehold premises based in the UK and USA, featuring full inhouse design and production capabilities. 
  • The company has established a highly renowned brand, which is synonymous with quality and exceptional, customer-focused service.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2018 (Actual) 1,957 362
2019 (Actual) 2,180 407
2020 (Actual) 1,543 196
2021 (Actual) 2,664 588
2022 (Forecast) 2,807 706
  • Turnover on course to exceed £4.9 million in YE21, with adjusted EBITDA also projected to reach circa £1.2 million.
  • Maintains strong gross profit margins, averaging 44% across the last three years.
  • Future revenue is secure, with the company having earned a place on a number of prestigious government framework agreements and benefitting from a reliable stream of contracted revenue from ongoing licenses and support contracts accounting for circa 20% of turnover per annum.
  • Strong pipeline in place for the coming year, with ongoing and upcoming works collectively valued at approximately £1.7 million, ensuring the sustained prosperity of the business.

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