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Deal Opportunities.co.uk

the UK marketplace for company sales

Steering wheel security locks

Reference
S7477
Turnover
£2m to £5m
Sector(s)
Retail & wholesale
Region(s)
UK Wide
Added
09 February 2021

Business description

The company is the primary wholesaler of an award-winning steering wheel security lock and a range of associated products, which are sold to commercial and private clients throughout the UK.

The lock has an established and proven track record, and its all-steel construction ensures it is a strong deterrent, with its high-visibility and reputation for durability, outlasting the attack times of many similar products on the market.

Products supplied by the company include steering wheel security locks (small, medium and large), RFID wallets, storage cases and steering wheel covers. 

Our clients are offering the business for sale as part of their retirement plans and would be willing to provide a mutually agreeable handover period, if required by the buyer.

Offers invited.

Highlights

  • Approved and endorsed by Thatcham, and all products are sold with a three-year manufacturer’s warranty. 
  • Achieved a multitude of industry-recognised approvals and accreditations, including Sold Secure Automotive Gold and Secured by Design. 
  • Consistently wins industry-specific awards. 
  • Has 100 commercial clients, with 90% providing reliable, repeat business on an ongoing basis. 
  • Retails its products through a network of automotive accessory brands, as well as via several authorised Amazon and eBay sellers. 
  • Ideally placed to capitalise on its excellent position within the sector through additional development of its product and service offering and proactive sales and marketing activity.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2017 (Actual) 707 158
2018 (Actual) 1,487 409
2019 (Actual) 1,701 590
2020 (Actual) 2,043 534
2021 (Forecast) 1,980 528
  • Turnover in excess of £2m in YE20 and on course for c£2m in YE21.
  • Adjusted EBITDA consistently between £500k and £550k. 
  • Gross profit margins of c30%. 
  • Very low overheads.

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