Acquisition Opportunity - Project Suede
Acquisition Opportunity - Project Suede
Overview
The Business operates from leased premises in the Midlands employing c.60 staff.
Its primary activity is bespoke plastic manufacturing inline with its clients' specifications backed by the relevant quality accreditations. The Business services a variety of industries with its most predominant being the automotive industry.
The Company’s assets are its: plant and equipment, motor vehicles, stock, operating knowledge and expertise, customer base and intellectual property including business name.
Way Forward
Further information will be available on request and will be provided upon receipt of a signed non-disclosure agreement. The marketing is undertaken on a compressed timetable and as such offers should be submitted along with proof of funding as soon as possible and no later than 12 May 2023.
Key selling points
- Name and brand respected throughout the industry with exceptional reputation for quality
- Well-established customer base
- Experienced skilled staff
Profit and Loss | ||||
---|---|---|---|---|
£'000 | FY23 | FY22 | FY21 | FY20 |
Actuals to January 23 + Forecast | Unfiled | Filed | Filed | |
Turnover | 7,916 | 7,775 | 8,131 | 5,499 |
Cost of sales | (6,430) | (6,179) | (6,683) | (4,591) |
Gross profit | 1,486 | 1,596 | 1,448 | 908 |
GP% | 19% | 21% | 18% | 17% |
Other operating income | - | - | 14 | 168 |
Overheads | (1,096) | (887) | (1,072) | (731) |
Net profit before tax | 390 | 709 | 390 | 345 |
Interest | (132) | (139) | (142) | (134) |
Depreciation | (205) | (212) | (210) | (228) |
Net profit before tax | 53 | 358 | 38 | (17) |
Tax | - | - | 10 | 5 |
Net profit after tax | 53 | 358 | 48 | (12) |
Retained earnings b/f | 1,129 | 879 | 1,078 | 1,496 |
Dividends | (60) | (108) | (247) | (406) |
Transfer to reserves | 1,122 | 1,129 | 879 | 1,078 |