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CONFIDENTIAL SALE
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622391
156448 / Rightbiz
The company is a specialist business rates auditor, which utilises a state-of-the-art software solution to efficiently identify anomalies and secure financial refunds for clients across the UK.
The company is able to quickly and effectively review business rates for the whole of the UK both presently and historically. This uses valuation and billing authority-led data from the previous 10 years, which would be difficult for a new entrant to the market to replicate.
With potential to work with any client that has business premises, the company operates nationwide, deriving revenue from across the commercial sector, with circa 70% of income attributed to industrial and retail clients.
The company is being offered for sale to facilitate the retirement of one of the shareholders and to allow the others to explore unrelated business opportunities.
Key Highlights
Tech-enabled, high-margin business model with significant scope for growth.
Operates on a no-win, no-fee basis, priding itself in acting on the best interests of its clients, demonstrating success in circa 90% of cases.
Excellent reputation on Google and Trustpilot.
Typically has 100–200 active clients at any one time, with the quality of the service offering resulting in high volumes of referral custom throughout its time in operation.
Experienced management team in place to lead the company post-sale.
The company holds significant IP via their proprietary software platform.
Financial Highlights
FY25 projected turnover of £4m and adjusted EBITDA of £1.7m.
FY24 turnover of £3.1m and adjusted EBITDA of £1.5m.
80% increase in turnover from FY23 to FY24, and the company is on track for a further 31% increase for FY25.
Pipeline of ongoing cases valued at £3.6m.
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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