Project Wylan operates an all-encompassing vehicle bodyshop, specialising in at-fault and no-fault accident repairs.
The group’s comprehensive approach incorporates bodywork and mechanical repairs; recovery and courtesy hire; and alloy wheel refurbishments.
The group has a unique business model whereby it retains relationships with the end users and is often preferred to insurance companies’ recommended repair specialists.
Boasting trademarked branding and an exceptional reputation within its locality, the group retains considerable scope for geographic expansion across the UK, particularly in key cities.
Our client is offering the group for sale to facilitate continued growth under the impetus of new ownership
• Attained BS 10125:2022 approval for vehicle body repair activities.
• Multifaceted marketing strategy in place, comprising print, radio and TV advertising, online activities, and local sponsorship.
• Strong second-tier management team in place, which can effectively oversee operations without the director’s input.
• All activities undertaken by in-house personnel, ensuring consistent service delivery and enabling the brand to be a single point of contact for clients.
• Operates from strategically situated premises, which offer easy access throughout the region for vehicle recovery and collections.
• An excellent platform to roll out to other geographical regions in the UK.
| Turnover (£'000) | Adjusted EBITDA (£'000) | |
|---|---|---|
| 2021 (Actual) | 1,830 | 157 |
| 2022 (Actual) | 2,412 | 290 |
| 2023 (Actual) | 3,497 | 663 |
| 2024 (Actual) | 4,549 | 987 |
| 2025 (Actual) | 5,170 | 1,168 |
• Generated a YE24 turnover of £4.5m, with an adjusted EBITDA of £987k.
• On track to achieve a YE25 turnover of £5.9m, with the adjusted EBITDA expected to increase to £1.7m.
• Approximately 95% revenue is generated from repair services pertaining to insurance claims.
• Procures supplementary revenue from general vehicle repairs and maintenance.
• No client attributes more than 3% of the turnover, mitigating reliance on any particular client and ensuring that the group operates with diverse revenue streams.
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