Acquisition Opportunity - Project Vow

Mazars LLP are seeking potential investors/purchasers for a business that designs and manufactures fixtures and fittings.

Background

  • Incorporated in 1955, the Company designs, develops, manufactures and supplies display furniture for the retail sector and fixtures for the healthcare, education and office sectors.
  • The stock consists of bespoke products manufactured, including wood, metals, acrylics and glass.
  • The Company operates from leased premises outside of Manchester and has done so since 1957.
  • A total of 50 people are employed by the Company.
  • Principal assets comprise of plant and equipment, office furniture and equipment, stock, wholesale knowledge and expertise.

Financial highlights

£'

FY Dec 19

FY Mar 21

FY Mar 22

Turnover

3,948,109

3,025,283

2,645,533

Gross margin

28%

18%

25%

Profit/loss

(156,270)

(469,374)

(439,938)

Goodwill

24,000

14,000

6,000

Plant, equipment, OFE

98,063

83,021

66,374

Stock

204,919

207,394

238,195

Key selling points

  • Well-established brands
  • Specialist wood processing machinery
  • Creative design team
  • Established reputation retail branch network
  • Installation service
  • Experienced skilled joinery and assembly team

Next steps

Further information will be available on request and will be provided upon receipt of a signed non-disclosure agreement. Marketing is being 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 20 April 2023.

National contact