Featured Brokers
CONFIDENTIAL SALE
FOR SALE
10/08/23
517876
154539 / Rightbiz
The company offers first-class information security and mobile working solutions to some of the highest profile clients in the UK. Sectors served include central and local government, healthcare, legal services, education, engineering, and retail.
Priding itself on its client-focused service and innovative products, the company holds trademarks for the various products’ logos and brands.
The business is now being offered for sale to enable our client to focus on other, unrelated business interests.
Offers invited.
Key Highlights
- Wide-ranging and diverse client base that includes some of the UK’s highest profile information management organisations.
- Experiences a high client retention rate, with 90% of revenue being derived from licence contracts; many solutions require a minimum sign-up of three years, ensuring reliable, repeat revenue.
- Strong, experienced second-tier management team in place.
- Operates from leasehold premises (no lease commitment), with no on-site data centre or solution infrastructure (all cloud based).
- Ideal bolt-on opportunity.
- Perfect acquisition opportunity for a technology firm with an existing user base of document/record management software, applicant tracking/HR software or security software.
Financial Highlights
- Turnover of £804k in YE23 with an EBITDA of £565k.
- Forecasted turnover of £832k in YE25 and £628k in YE28.
- 800 remaining licences available as part of the sale that could generate an additional circa £560k annually with no extra overhead costs.
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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