Managed Services Provider
An opportunity has arisen to acquire a reputable Managed Services Provider based in the Midlands. Since its inception in 2016, this company has established a reputation for delivering projects and managed IT support based on principles of close partnership with its clients and fostering expertise and understanding of the various client businesses it caters for.
This company is sector agnostic, holding contracts with a diverse client base spanning a range of sectors including automative businesses, healthcare providers, professional service companies, construction companies and estate management companies. The company enjoys a strong presence across the Midlands but has also developed a growing client base in various other parts of the UK including London, Essex, Kent and Surrey.
The business delivers a range of fully managed I.T. services to enable their clients to adapt to the ever-evolving technological climate. Its key services include full IT support, cloud and remote working setup & support and cyber security. The company also provides backup services, networking and Office 365 packages tailored to their clients’ needs.
The company benefits from a highly skilled and well-structured team of I.T. professionals, delivering its services with a professional and accessible approach.
Highlights
- 9 years of trading history.
- Well-established and longstanding client base across the UK.
- Strong core offering as an IT Managed Services provider.
- 75% Contracted Annual Recurring Revenue (ARR) from 28 clients with contracts of 1-4 Year duration.
- Developed a strong suite of Cyber Security Services.
- Expertise across a range of key sectors, including automotive, manufacturing and building services.
- Solid and scalable business infrastructure.
- Well-structured team and robust project management processes.
- Forecast £1.22m revenue for the current FY.
Financial Overview
| F/Y: | 2021 | 2022 | 2023 | 2024 | 2025 |
| Sales revenue | £485,361 | £709,824 | £895,790 | £1,005,421 | £1,132,194 |
| Gross profit | £307,725 | £425,871 | £527,793 | £646,130 | £739,379 |
| Percentage | 63% | 60% | 59% | 64% | 65% |
| Adjusted EBITDA | £78,161 | £153,621 | £217,371 | £247,832 | £339,723 |
| Percentage | 16% | 22% | 24% | 25% | 30% |
Directors’ replacement cost is accounted for within the Adjusted EBITDA.
SOLD