Acquisition Opportunity – Project Green

Mazars LLP is trying to identify potential purchasers for one of the first UK suppliers of artificial grass and other durable, low-maintenance garden products

Key selling points

One of the first companies to supply artificial grass but now selling an expanded range of branded products across the UK.
Client base has historically included both local and national retail partners.
The company’s composite range of products are eco-friendly, being a mix of 100% recycled plastic and sustainably managed or recycled wood with FSC certification where applicable.
Products supplied are highly durable with many being offered with 25-year warranties.
The workforce is comprised of 16 employees with the experience and capability to offer full support to commercial partners.

Financial Highlights

£'000	FY19 Stat.	FY20 Stat.	FY21 Mgt.	Fy22 (11) Mgt.
Revenues	3,776	5,047	7,003	5,457
COGS	(2,162)	(3,567)	(5,671)	(5,004)
Gross Margin	1,614	1,480	1,332	453
Wage Costs	(675)	(660)	(1,132)	(1,031)
Administrative costs	(530)	(482)	(907)	(601)
EBITDA	409	338	(707)	(1,178)
Revenues Growth YOY	n.a.	33.7%	38.8%	n.a.
EBITDA Margin	10.8%	6.7%	(10.1)%	(21.6)%

Detail

Northwest based company established over 10 years ago with a track record of supplying trade customers nationwide.

The company is a specialist supplier of stylish, contemporary and eco-friendly garden products.

The company has a track record of innovation, with the product range expanding in recent years from artificial grass to composite decking, cladding, fencing, sheds and also artificial green walls.

Contact

Offers are invited in relation to the shares or business and assets, with further information available subject to a signed non-disclosure agreement. Should you wish to receive further information on the opportunity, please contact Marco Basilico in the Manchester office at marco.basilico@mazars.co.uk