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BUSINESS REFERENCE : IU112 / RightBiz COMPANY FORMATION AND COMPANY SECRETARIAL BUSINESS | | | | | | Company Formation and Company Secretarial Business Confidentially offered for sale Ref No:IU112 Location: South Wales Asking Price: £197,000 | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Services | | TRADE TYPE: | Legal Business | | SALE: | Agent Sale | LEASEHOLD: | £197000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
This company was established by its Managing Director in 1988 since when it has established itself as one of the premier providers of these services in the UK and has built up a loyal and broad ranging client bank right across the UK
The business provides the full range of company secretarial services which include. Shareholders agreements, business transfers, re structuring of share capital, capitalisation, dividends, debentures and loan notes, and revision and/or adoption of memorandum of articles of association.
They are also experts in the field of business formation not only for the usual Limited companies but also for the special requirements demanded to establish Public Companies, Guarantee Companies, Charities, Unlimited Companies and Residents Associations.
The business has flourished where others have failed due to the personal relationship and approachable attitude adopted by the staff. All clients are able to get free telephone advise and as a direct result of the customer care policy many clients have been using the company since its inception. The business operates a policy of fixed charges for fixed tasks. An additional hourly rate is levied where extra work is required.
The client bank of around two hundred customers consists of a mixture of accountants, solicitors and county councils located across the length and breadth of England and Wales.
Equipment:
The business files all its information and data electronically and uses File Direct On Line Software.
Customer Service:
The business prides itself on customer care. Their range of fixed price services offer good value for money and they have the capacity to tailor any additional work to the needs of the client.
Key Strengths:
Well established
Excellent reputation and highly respected
No borrowing.
Low overhead
Strong client bank
Great staff
Key Opportunities:
There are a number of opportunities open to this business in order to grow it further. Firstly, as a leading player in this market it is well positioned to acquire the competition. Secondly it would benefit from raising its profile by adopting a well structured and consistent marketing campaign. This could be mailshot based using high quality brochures and testimonials to back up its claims.
Employees and Premises
All information regarding members of staff and business premises and location will be available at a later date and subject to the approval of the key director.
Business Hours:
9:00AM-5:00PM Monday - Friday
Financial Information:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler. The business currently enjoys a gross fee income in the region of £200,000. Adjusted profits before tax are circa £89,000
Reason for Sale:
Owner wishes to retire
Support and Training
Full support, training and handover will be provided to the successful purchaser | | | | | | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | IU112 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
