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Design & Manufacturing of Awards & Trophies for Media, TV, Sports and Corporate Events

Ref. IZ027

Location : Bedfordshire

Asking Price : £180,000 + Freehold

Turnover : £366,000

Net Profit : Undeclared

Gross Profit : £220,000

EBITDA : £92,000

Net Asset : Undeclared

Premises : Freehold

Confidentially offered for sale


  • Turner Butler

Next Step, Please submit Confidentiality Form/NDA Online 

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Business highlights include:

Turnover: c. £366,000 per annum (2016 accounts)
Adjusted EBIT: c. £92,000 (before Directors’ drawings)
Gross profit: c. £220,000
Freehold: c.£300,000
Embedded client relationships

Over 47 years of successful trading
Excellent repeat customer base
Comprehensive stock of specialist equipment
Knowledgeable, experienced and motivated employees
Extensive premises with ample storage
New lease or Freehold available
Goodwill

Business Profile

This leading UK business was set up by the vendor’s father over 47 years ago and has grown in that time to become well established and profitable. The business specialises in the design and manufacture of unique trophies & awards for special events and awards ceremonies, featuring some of the best known TV awards shows in the UK as well as many corporate, sports and media events.

The vendor is responsible for key internal management matters including people and operations while client/customer matters are managed by sales and account managers. This approach to sometimes complex demands means that every customer is provided personal attention and is always kept up to date and deadlines, while sometimes “tight” are always met; every project results in the highest quality finish.

The company has become known as a reliable, quality-focused supplier of the finest quality awards for some of the UK’s most glamorous & prestigious events, with particular expertise in the creation of highly original designs.

A small portion of the company’s activities includes the production of replicas for permanent ownership relating to recurring or annual awards and while a large percentage of ceremonies and events are UK based, a small number are International.

The business combines its design & origination activities with a fully equipped workshop with in-house casting capabilities.

Clients:

Clients include well known names in aviation, automotive, Banking, TV and media.

Customer Service:

The business takes close care of its clients and has dedicated managers for business development and project management.

Key Strengths:

The business has many strengths including

• Business & production processes
• Design originality
• In house business development
• Enviable reputation in the sector
• Outstanding industry network
• Exceptional levels of service
• Repeat business levels and referrals
• Highly reliable employees

Key Opportunities:

The business has enjoyed steady trading over its lifetime and this is expected to continue in light of its growing and loyal customer base. The clearest opportunity to grow the business would be by engaging in specific marketing campaigns backed by its strong reputation.

The market outlook for the business is excellent. With a strong demand for this business’s design services & products, a new owner who is capable of instilling additional ideas will have every advantage of building on an excellent platform. The business has reached a crucial stage, whether to invest in buraucracy and growth or to remain as a reliable cash-cow proposition for the longer term.

This is a unique opportunity to purchase a grown and matured business. It is a well-structured company generating excellent profit margins with excellent growth potential.

Financial Information:


The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Turnover: c. £366,000 per annum (2016 accounts)
Adjusted EBIT: c. £92,000 (before Directors’ drawings)
Gross profit: c. £220,000
Freehold: c.£120,000

Asking Price:

The Asking Price of  £180,000 + Freehold is for 100% of the issued capital of the company, assuming Net Assets of circa (£1,900) on completion (calculated on a zero cash-zero debt basis). The final selling price will have a £1 for £1 adjustment for any rise or fall in this benchmark Net Asset figure of (£1,900) at completion.

Advertising and Marketing:

The company has an excellent website providing details on the range of services and considerable portfolio of previous examples.

A high proportion of the business s revenue has been due to its excellent reputation for quality and service and the business regards its existing clients and partners as its best advertisers, maintaining an impressive database of private clients, whilst continuing to attract new referrals and recommendations.

Growth and Expansion:

The business has enjoyed steady trading over its lifetime and this is expected to continue in light of its growing and loyal customer base. The vendor believes that an opportunity to grow by investment in resources and in marketing activity and also believes that this business would be a perfect platform from which to grow by other acquisitions within the supply chain.

Premises:

The 2 storey premises is located in a secure, busy and modern estate, and includes parking area, workshop and administrative offices. W are advised that the Freehold is available for sale or a new lease would be available by negotiation.

Business Hours:

Monday – Friday: 09:00-17:00 (Projects permitting)

Employees:

The vendor is supported by:

1x Business Development Manager
1x Project Manager
1x Accounts Administrator
1x Workshop Manager

All staff are highly experienced and a real asset of the business.

Support and Training:

The current owner would be happy to provide full training and support at handover.

Reason for Sale:

The vendor believes he has reached the limit of his management capabilities and wishes to concentrate on smaller, other business interests.

Next steps:

If you are interested in receiving further information, please sign and return the attached Confidentiality Agreement. In returning the Agreement we would be grateful if you could provide us with details of your interest in this opportunity along with your funding position.

All enquiries or requests for additional information should be submitted or directed to Turner Butler (e-mail:sales@turnerbutler.co.uk), telephone Head Office: 01895 256000.

Looking for finance ?

If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at finance@turnerbutler.co.uk

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