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Manufacturer and Wholesaler of Bathroom Accessories

Ref. IK281

Location : London

Asking Price : £5,000,000

Turnover : £7,178,000

Net Profit : Undeclared

Gross Profit : £2,613,000

EBITDA : £877,196

Net Asset : £504,984

Premises : Not Included

Confidentially offered for sale


  • Turner Butler

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Asking Price: OIRO £5,000,000

Net assets c£504,984
Turnover c£7,178,000
Gross Profit £2,613,000
EBITDA before Directors costs £877,196

Business Profile

The Business is a firmly established concern, strategically and conveniently situated on the outskirts of Greater London. The Business has an office in the Far East to manage logistics and shipments from the factory that manufactures all of the businesses branded products.  Founded over 40 years ago over time, the vendor  has developed the Company into a highly respected, and profitable manufacturer and wholesaler of bathroom accessories, which is now considered one of the leading suppliers of shower curtains in the country.  Over £7M in revenues in 2016, and supplier to most of the UK’s largest chains, nicely sums up the Business.

Key Considerations

• Superb reputation, known for excellent products and customer service
• Widely recognized by the UK’s largest chains as the leader in its sector – the manufacture of shower curtains and other bathroom accessories.
• Consistent growth in the UK and parts of Europe
• Easily adapts to changing markets and customer demands
• Long term, experienced and skilled work force who care about the business
• Streamlined operations including cost effective production in the Far East and exemplary inventory management
• Highly and continually profitable
• Multiple growth opportunities including vertical and geographic expansion

Summary Results

y/e  £ 000s

2016

2015

2014

Turnover

7,178

6,998

0

Cost of Sales

4,565

4,351

0

Gross Profit

2,613

2,647

0

 EBIDTA (2016) before Directors costs:  £ 877,196

Balance Sheet: 

On the basis that the Company is being sold on a zero cash-zero debt basis, the completion balance sheet is anticipated to be approximately: 

Tangible Assets: £71,566
Stocks: £1,196,507
Debtors: £1,491,278
Cash & Equivalents: £26,303

Less
Trade Creditors: (£2,280,670)

 Net Assets: £504,984

Asking Price:

Offers in the region of £5,000,000 are invited for 100% of all the issued capital of the company. There will be a £ for £ adjustment to the final sale price to reflect any upward/downward movement away from the £504,984 target net asset price.

Turner Butler Disclosure Statement

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts

Turner Butler
Ickenham House, 2-4 High Road, Ickenham, Middlesex, UB10 8LJ
Telephone 01895 25 6000 Facsimile 01895 25 7777
info@turnerbutler.co.uk
www.turnerbutler.co.uk