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Tiling products - importer & distributor

Reference
S12035
Turnover
£1m to £2m
Sector(s)
Business services, Construction, Distribution, freight & logistics, Miscellaneous, Retail & wholesale, Service industries
Region(s)
East of England, East Midlands, London, South East England, South West England, Wales, West Midlands, Yorkshire and the Humber, UK Wide
Added
18 October 2024

Business description

  • Importer & wholesaler to the UK retail trade on a national basis of a wide range of tiles and related products.
  • Imports from factories in Italy, Spain & Portugal.
  • Focus on porcelain, rather than ceramics, aimed at mid to higher end of market. 
  • Active customers comprise some 210 tile and bathroom shops with a wide geographic spread and limited financial concentration. 
  • Premises offers some 6,900 sg ft of warehousing.  New racking recently installed has increased the capacity. 
  • Operates from leased warehouse premises with significant capacity for expansion.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2022 (Actual) 1,632 239
2023 (Actual) 1,598 137
2024 (Actual) 1,516 80
2025 (Forecast) 1,510 94
  • The company has a 31 January year end. 
  • The forecast for the current year to 31 January 2025 is based on 6 months actual / 6 months forecast. 
  • Management accounts are prepared externally on a quarterly basis.

Opportunities

  • To nurture and grow the existing established customer base.
  • Increase the product range for a wider addressable UK market.
  • Expand the current range of suppliers
  • The premises is not currently used to its full capacity.  The existing lease is renewable allowing for significant expansion of activity from the current premises, or alternatively there is the scope for the purchaser to relocate and combine with other premises.  

Reason for sale

For health related reasons, the current owner lacks the energy necessary to continue to develop the business to the next level, and is looking to take early retirement following the sale to a new owner that will grow the business by nurturing the existing customer relationships and adding to the breadth of the customer base.  

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