IT Support and Hosted Services Company for sale

• Opportunity to acquire a long-established IT Support and Hosted services company with a desirable client base.

• The company is well located to service both London and Southern England, and its national network of engineers serve the rest of the country - particularly the Midlands, the North and Scotland.

• Founded in 1990, the company has built strong partnerships with the world’s key IT vendors and suppliers.

• It has maintained long term client relationships - 61% of customers, many of which are Blue Chip, have been with the company for between 10 and 22 years.

• The company has strong technical knowledge and industry experience of large complex networks and continually invests in training.

• The service package is fully comprehensive, covering the spectrum of Hosted/Cloud-based business solutions and support for companies ranging from 5 to 500 users.

• A large part of the current business is Microsoft-based networks, and the company was an early adopter of the ‘VMWare’ virtualization platform software.

• In the financial year ending 31^st December 2015, there were 56 individual customers.

• There are currently 36 clients on 12 month contracts with between 4 and 150 users.

• Following a thorough review of the business, the company has transitioned to managed or web-based services and established a strong ‘Helpdesk’ team.

• Field Support Engineers have been reduced to remove costs and a greater emphasis has been put on remote management tools and helpdesk software.

• They have taken on new products with monthly recurring revenue streams, such as Back-Up (‘DRaaS’) Disaster Recovery and web-managed WiFi solutions.

• Their ideal clients are entrepreneurial SMEs and the main geographical areas of interest are those surrounding England’s major airports.

• The acquisition offers an outstanding opportunity for another IT support, hosted services, technology or telecoms company looking for a strategic acquisition to add to their portfolio of clients and increase revenue and profit ‘overnight’.

Products and Services

• IT Support Services
• Hosted Services
• Email Services
• Security Services
• Network Services
• Consultancy Services
• Procurement
• Business Continuity
• Virtualization Solutions

Employees

• The four Directors/vendors plus six full-time staff members and a part-time accounts executive.

Premises

• The business operates from high quality offices located within a listed building in the South East of England.

• A 5-year lease expires in May 2017. The annual rent is £19,600 and the rates £8,591.

Reason for sale

• Retirement though some of the directors are prepared to stay involved going forward.

Financial overview

Adjusted EBITDA is stated after normalising the directors’ takings.

UNDER OFFER