This long-established business is located in a very well maintained, purpose-built factory. Both the facility and staff have the potential for significant increases in production volumes and product diversification.
The business implements a sales and production management reorganisation in early 2024, turnover for the 10-months YTD is 21.7% higher than for the same period of the previous year. Additionally, one-off existential factors affecting previous profitability have been addressed over the past 6 months.
The business has also implemented a new product development strategy which has already begun to show encouraging results.
The business benefits from its well-established, long-term relationships with its customers which with national retail, food service, restaurants, and pub chains as well as other sectors.
The business has been awarded BRC Global Accreditation every year for the past 20 years.
The vendors are planning for their future retirement and seek a strategic purchaser to realise the value of their investment and ensure the continued succession of the business.
| Turnover (£'000) | Adjusted EBITDA (£'000) | |
|---|---|---|
| 2021 (Actual) | 641,000 | 2,000 |
| 2022 (Actual) | 947,000 | -26,000 |
| 2023 (Actual) | 906,000 | -57,000 |
| 2024 (Forecast) | 1,073,000 | -20,000 |
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