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Profitable Finance Software Specialist Business with Strong Client Base for Sale

Undisclosed

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    11/07/24

  • Advert ID

    614200

  • Reference

    156125 / Rightbiz

  • Call Agent:

    Registered members »

  • Turnover: £2,400,000 (£46,154 Per week)
  • Net Profit: On request

Key Features

  • Offers Invited

Business Details

Finance software specialist

Project Hadley distributes many finance software products, underpinning its implementation processes with in-depth consultancy to determine clients’ precise objectives.

The company’s offering is integrated across the education vertical and numerous other sectors.

Many of the systems provided by the business are available with bespoke add-ons, which have either been developed by the company’s in-house team or via third parties.

Our client is now offering the business for sale to facilitate lifestyle changes and continued company expansion using the resources of an acquirer. Offers invited.

Key Highlights

- 250 active clients, including 800 individual schools and academies.

- Procures the majority of its sales leads organically, as well as recommendations from key parties and existing clients, owing to its position within the market.

- Members of staff in place who can absorb many of the directors’ responsibilities; the managing director has already lessened their active involvement in the business.

- Operates from leasehold office premises in South East England; however, the staff can operate remotely.

- In an enviable position to benefit from surges in demand for reliable financial and administrative software, as well as positive developments within the education industry.

Financial Highlights

- Achieved a YE23 turnover of £2.4m, with an adjusted EBITDA of £466k.

- YE24 outturn figures show a turnover of £2.9m and adjusted EBITDA of £645k.

- Current portfolio of licences generates £2.1m in annual renewal fees, with a circa £970k profit.

- Approximately 75% of the overall income is secured from clients that have been retained for numerous years; some key relationships span over two decades.

- Strong pipeline of Sage Intacct implementations for 2024, totalling £350k, as well as 100 commercial clients that have yet to be upgraded to this system.

Read more

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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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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.

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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.

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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.'.

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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.

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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 'Finance software specialist - 156125 / 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.