Timing Products Importer, Assembler and Distributor For Sale

• London based company specialising in the import, assembly and distribution of clocks, clock systems and timing devices.
• The company is a long established privately owned and managed company that offers products that provide long term value.
• The wide range of clocks come in a variety of sizes, designs and movement types and are supplied to many market areas, including offices, schools and colleges, banks, factories and warehouses, hospitals, sports halls and swimming pools.
• The company has a long standing and experienced team who can manage operations on a day to day basis.
• The company has a diverse and loyal customer base, servicing the majority of customers for over 20 years, and several for over 30 years.
• The company has a well-established relationship with their main supplier and have been working with them for over 27 years.
• The company turnover to March ‘17 was £834k with an adjusted EBITDA of £37k (5%).
• The sale of the business offers an outstanding opportunity for any time piece maker, clock retailer or wholesaler. This could also be a great opportunity for any business looking to diversify into the clock making industry or anyone who is looking to set up in business.

Products and Services

Supply and design of:

• Clocks
• Stopwatches
• Stopclocks
• Timing devices
• Thermometers
• Compass
• Tally Counter

Employees

• 1x Managing Director (co-owner)
• 1x part-time General Manager
• 1x part-time Accounts Manager
• 2x full time managers (Business development and Warehouse)
• 6x part-time Warehouse Assistants, sales admin and clock assemblers

Premises

• The Company’s Head Office is in London
• The office is c.1800 sq. ft. with 5 work stations
• The warehouse space is c. 5000 sq. ft.
• Rent £50,000 per annum

Reason for sale

• The vendors are looking to retire.

Financial overview

• Adjusted EBITDA is stated having accounted for directors’ remuneration and their replacement cost.

Offers invited