Featured Brokers
CONFIDENTIAL SALE
FOR SALE
09/02/23
508019
153462 / Rightbiz
Overview
The company is a well-regarded and reliable provider of unsecured personal loans, offering loans of up to £2,500 for individuals across England and Wales. Loans are repayable in instalments via direct debit or CPA.
The business receives over 5,000 applications per day, which are automatically processed by intuitive API in a matter of seconds.
Having established a highly scalable business with vast potential, our client is now offering the company for sale to facilitate retirement plans.
Offers invited.
Key Highlights
Customer base comprises private individuals across the UK seeking short-term, personal loans, all of whom satisfy the business’s repayment terms.
Fully authorised and regulated by the Financial Conduct Authority as a lender and credit broker and has Information Commissioner’s Office approval.
Operates from leasehold premises.
An ideal acquisition for complementary service providers looking to enhance their portfolio with a cash-generative, bolt-on business, as well as for commercial organisations looking to diversify.
Could look to progress relationships with existing and new brokers to increase the volume of applications, conversion rates and profitability.
Financial Highlights
Generated a YE23 turnover of £1 million with an adjusted EBITDA of £294k.
Six months management turnover of £581k in YE24.
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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