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Rapidly Growing Tech Consultancy Firm in Manchester Seeking New Ownership

Undisclosed, Manchester

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    14/09/22

  • Advert ID

    500286

  • Reference

    152588 / Rightbiz

  • Call Agent:

    Registered members »

  • Asking Price: Price on Application
  • Turnover: £5,500,000 (£105,769 Per week)
  • Net Profit: On request

Key Features

  • Offers Invited

Business Details

A rapidly growing provider of technology focused consultancy services for major international client

Overview

The company is focused on the delivery of IT- enabled (majoring in SAP) business change consultancy services, taking an innovative, technology-driven approach to projects and utilising industry-leading tools to drive sustainable changes at all levels of its clients’ organisations.

Operating on an international basis, the company has experienced rapid expansion since its foundation, with its innovative approach enabling it to provide unique and highly effective solutions, facilitating the development of an excellent reputation within its sector.

Having built up a strong and respected business, our clients are now offering the company for sale as part of their retirement plans.

Key Highlights

·         Benefitting from a wealth of expertise across a broad range of markets, the company is uniquely placed to provide creative solutions to complex problems, supporting the development of direct relationships with major clients.

·         The company predominantly operates in the pharmaceutical, aerospace, defence and IT sectors, and primarily works with organisations based within the EMEA.

·         Maintains long-standing relationships with significant, blue-chip clients, several of which have remained in place for over nine years.

·         Utilises a highly experienced team of directly employed consultants and a network of over 200 skilled associates to provide support for a multitude of projects, with the current management team possessing the skills and expertise required to independently manage and grow the business on an ongoing basis.

·         All employees operate remotely, with scope for the business to be efficiently managed from any location across the globe.

Financial Highlights


•    Achieved YE23 management turnover in excess of £5.5 million, with an adjusted EBITDA of circa £1 million.

·         Maintains consistently strong gross profit and adjusted EBITDA margins, averaging 29% and 19%, respectively, across the last five years.

·         Strong pipeline in place, including commitments for the coming year valued at £4 million, with additional business development (new and existing clients) at circa £8 million.

·         The company has been awarded approved supplier status with a number of major clients, having also secured a three-year global master service agreement (MSA) with an eleven-billion-dollar turnover company in the pharmaceutical sector, ensuring that future revenue is secure.

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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.

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Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

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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.

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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.

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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.

Stay Safe

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.

Stay Safe

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.'.

Stay Safe

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.

Stay Safe

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.

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Stay Safe

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.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

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.

Stay Safe

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.

Stay Safe

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.

Stay Safe

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.

Stay Safe

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.'.

Stay Safe

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.

Stay Safe

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.

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The data showed regarding this advert 'A rapidly growing provider of technology focused consultancy services for major international client - 152588 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.