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Deal Opportunities.co.uk

the UK marketplace for company sales

Vehicle contract hire & leasing solutions

Reference
S11869
Turnover
£1m to £2m
Sector(s)
Motor dealerships, Service industries
Region(s)
North East England
Added
13 August 2024

Business description

The company specialises in competitive vehicle financing options, offering hire purchase and personal contract purchase agreements to a diverse client base.

Acting as a trusted intermediary, the business streamlines the sales process for dealerships, utilising integrated dealership portals and state-of-the-art verification software to ensure security and efficiency.
With FCA authorisation, regulatory compliance, and SAF Expert certification, the business provides added value through warranty and maintenance packages while maintaining industry standards for integrity and service.
Our client is now offering the company for sale or investment to facilitate further growth under the impetus of new ownership.
Offers invited.

Highlights

  • The business has over 650 dealership partners that generate over 600
    applications per month. 
  • Large database amounting to 15,000 clients. This database holds information pertaining to their personal details, employment records, credit soft search information, and vehicle interest. 
  • The business has over 70% application acceptance rate due to an extensive panel of funders. 
  • Continually passing monthly audits by integrating the best-in-class process during every application. 
  • The business maintains a strong reputation due to its value-added services such as warranty and fleet maintenance via its maintenance partnerships.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2021 (Actual) 1,252 28
2022 (Actual) 1,427 162
2023 (Actual) 1,834 151
2024 (Forecast) 2,600 755
2025 (Forecast) 3,500 1,806
  • YE23 turnover of £1.8m with an adjusted EBITDA of £162k.
  • Average gross profit margin of 41% over the last five years.
  • Turnover is expected to rise by 63% between YE23 and YE25.

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