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Deal Opportunities.co.uk

the UK marketplace for company sales

Upholstered & industrial furnishings

Reference
S9110
Turnover
£2m to £5m
Sector(s)
Manufacturing, Miscellaneous, Retail & wholesale
Region(s)
UK Wide
Added
03 August 2022

Business description

The company is a wholesale supplier of high-quality furniture, providing a range of upholstered seating and industrial surfaces, including sofas, occasional chairs, dining furniture, footstools and coffee tables.

Products are bespoke and manufactured to exceptional standards, using fabrics such as Moon Wool and Harris Tweed alongside aniline leather. Some items are also available as fast-track stock, should clients prefer an express service.

Operating nationally, the company caters to clients in the retail and contract furnishing sector, with its products being suitable for both domestic and
commercial hospitality settings.

The shareholder is offering the company for sale as they wish to pursue alternative, unrelated interests.

Offers invited.

Highlights

  • Currently supplies 68 active clients, approximately 97% of whom provide reliable, repeat business on an ongoing basis, with some relationships spanning over 13 years. 
  • Second-tier management team in place. 
  • Operates from leasehold premises. 
  • In a strong postion to explore opportunities for growth, which could include the expansion of its client base, recruitment of additional Sales Agents and development of its product range.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2020 (Actual) 1,878 93
2021 (Actual) 2,198 214
2022 (Actual) 3,508 954
  • Turnover of £3.5m, with an EBITDA of £954k.
  • Turnover rising year-on-year, demonstrating an 86% increase between YE20 and YE22. 
  • Gross profit margin of 36% and an EBITDA margin of 27%. 
  • Strong forward order book, which is currently expected to generate a net profit in excess of £800k in YE23.

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