Featured Brokers
CONFIDENTIAL SALE
FOR SALE
09/05/23
512875
154057 / Rightbiz
Overview
Priding itself on its exceptional service and ability to meet client requirements, this award-winning company specialises in credit management and debt recovery services.
Alongside its debt collection offering, the business provides a comprehensive tracing, legal and enforcement service to all of its clients via trusted partners.
Having built up the business, our client is now offering the company for sale to facilitate retirement plans.
Client is open to all structured deals subject to terms.
Offers invited.
Key Highlights
- Holds a Consumer Credit Licence and is a member of the Credit Services Association.
- Works with clients across numerous sectors, such as veterinary, business, utilities, publishing and software.
- Benefits from 470 active clients, 70% of whom provide ongoing streams of reliable revenue.
- Strong, long-standing relationships with many blue-chip and prestigious clients.
- Proficient and knowledgeable personnel in place, led by an experienced second-tier management team, who have the capabilities to effectively manage the business and pursue expansion opportunities.
- Additional training and consultancy services available.
Financial Highlights
- Turnover in excess of £615k for YE22, with an adjusted EBITDA of £260k achieved within the same year.
- Projected turnover for YE23 of £734k.
- £300k freehold premises owned by the business, and can be included in the sale, subject to negotiations.
- Projected increase in turnover of 76% between YE19 and YE23.
- Exclusive contracts for international parking and driving infringements for UK & Irish residents representing over 15 tourist cities in place with future contracts for other territories in place or in negotiation.
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Get Solicitor
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