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CONFIDENTIAL SALE
FOR SALE
618377
156600 / Rightbiz
Project Asteria provides end-to-end haulage and shipment solutions across the UK and internationally. Whilst a licence is in place to use the name of a larger brand, the business operates autonomously with no input from the larger entity.
The company’s services comprise domestic UK haulage, European imports and exports, customs clearance, time-sensitive shipments, and international sea / air freight.
The business offers scalable solutions to realise clients’ transport requirements of all sizes, from distributing one pallet to a full truck of goods. This is underpinned by exceptional customer service and strong relationships with dedicated agents situated throughout Europe that operate vehicles ranging from small vans to 20-tonne trailers.
Our clients are now offering the business for sale to facilitate growth under the impetus of new ownership. Offers invited.
Key Highlights
- Member of BIFA, IATA and RHA.
- Operates sector-agnostically, working with 75 active clients across industries such as manufacturing, clothing, logistics and fit-outs.
- Client relationships are held with the business’s staff, who have consistently completed distribution services to suit evolving needs regardless of the trading name.
- Turnkey opportunity; second-tier management team effectively runs day-to-day operations in the shareholders’ absence and can absorb our clients’ responsibilities, post-sale.
- Sustained demand for the company’s services; receives a steady stream of quote requests from new and existing clients, bolstered by the proficient sales team.
- Focusing on business development during 2024, with personnel appointed to advance the company’s prominence within the sea and air freight markets.
- Operates from ideally situated leasehold premises in Wales.
Financial Highlights
- Generated a YE23 turnover of ÂŁ5.4m, with an adjusted EBITDA of ÂŁ1.3m.
- Forecast to retain a steady turnover in the coming years.
- More than 70% of the business’s income is generated by European haulage, UK-to-Europe exports, Europe-to-UK imports, and USA shipments.
- Approximately 70% of revenue is derived from existing relationships, some of which have been in place for over six years.
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 ÂŁ1, 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 ÂŁ1, 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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