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Software development - SAAS business applications

Reference
S7341
Turnover
£1m to £2m
Sector(s)
Business services, Miscellaneous, Technology
Region(s)
UK Wide, Outside UK
Added
23 November 2020

Business description

The company has developed a range of SaaS-based applications for wholesalers and manufactures, including an order placing tool, an ecommerce platform and a bulk-order buying platform. 

All programmes are designed to simplify the buying and selling process. The company receives a high volume of repeat business from over 350 clients worldwide. 

Our Client is now offering the company for sale to facilitate the retirement of the majority shareholder. 

Offers invited.

Highlights

  • Applications have been shown to reduce the time taken to build an order by up to 75%, with manual workload also being decreased by up to 60%.
  • Software is fully compatible with a range of popular ERPs, including Sage, Quickbooks and Microsoft Dynamics. 
  • Strong second-tier management team. 
  • Operates remotely, with staff based in South East England. 
  • Further growth could be achieved through continual technological development and additional sales activity.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2017 (Actual) 920 235
2018 (Actual) 1,034 281
2019 (Actual) 1,007 212
2020 (Actual) 1,021 250
  • Turnover of £1m, with an adjusted EBITDA of £250k.
  • Gross profit margin of 93%. 
  • Shareholder funds rising year-on-year

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