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the UK marketplace for company sales

Smart home, solar & LED lighting products

Reference
S11190
Turnover
£2m to £5m
Sector(s)
Miscellaneous, Technology
Region(s)
UK Wide, Outside UK
Added
04 December 2023

Business description

Provides a range of over 300 smart products, such as lighting, switches and sockets, wireless kinetic switches, security products, heating and solar products, and LED lighting.

Supplies to 2,200 active customers throughout the UK and Europe, including wholesale, retail and e-commerce customers.

Offered for sale to facilitate continued growth under the impetus of a new owner.

Offers invited.

Highlights

  • CE, RoHS, EMC, and UKCA certified.
  • 80% of the company’s customers supply ongoing, repeat custom, with the business receiving continued acclaim within its sector.
  • Operates from freehold premises, which will be included in the sale.
  • Ideal bolt-on acquisition for similar providers in the sector who are looking to expand their customer base and service offering.
  • Scope to expand the product range, pursue further geographic expansion, recruit additional staff and invest in additional marketing strategies to facilitate growth.
  • Potential to secure a number of new wholesaler agreements in the coming year.
  • Owners willing to stay on and work with the buyer, post-sale.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2020 (Actual) 990 128
2021 (Actual) 1,953 209
2022 (Actual) 2,513 284
2023 (Actual) 2,606 214
2024 (Forecast) 2,750 280
  • YE24 projected turnover of £2.7m.
  • Turnover in excess of £2.6m in YE23, with an EBIT of £214k.
  • Gross profit margin of 25%.
  • 80% of the company’s customers supply ongoing, repeat custom, with the
    business receiving continued acclaim within its sector.

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