Change Management Consultancy for sale

Reference Number: HCM275

Location:

Turnover: £850k

Status: Offers invited

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Business overview

 

–      An outstanding opportunity to acquire a highly successful and well established change management consultancy with a unique position providing critical services to targeted blue chip and global businesses

–      The company provides business transformation services through a series of highly qualified executives contracted into long standing senior executive positions. These positions have typically grown from an original project brief into a position of critical accountability in organisations within the turnover scale ranging from £1bn-14bn per annum

–      The company provides its services into the Global Technology, Transportation and Education/Local Government sectors and the executives provided by the company have levels of responsibility and budgetary control which far exceed those typically assumed by external consultants

–      The company is owned by a principal who is of retirement age and who took a conscious decision in recent years to restrict any investment in growth outside of the current contracts or into the provision of other potential consultants/staff that are regularly requested by the current key clients

–      Turnover averages c.£850k per annum and in the last two years gross margin has increased and is projected at 69% in the current financial year to December 2012. Projected adjusted EBITDA for 2012 is £195,885 (25%) and for 2013 is £264,737 (30%)

–      The current owner manages only the high level financial aspects of the company alongside the external accountant who is retained on a hands on/outsourced FD contract basis. All other aspects of the business are managed day to day by the Managing Director who is not currently a shareholder in the business and who has performed this role for the last 12 years

Reason for sale:

To allow the owner to fully retire. The owner is however willing to negotiate the renewal of key contracts during 2013 following the completion of the sale of the business

Financial overview

 

Year end 31st December

2012 (Proj)

2013 (Proj)

Sales revenue

£791,354

£891,893

Gross profit

£544,963

£614,693

Percentage

69%

69%

Adjusted EBITDA

£195,885

£264,737

Percentage

25%

30%

Offers invited for company sale

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