IT Support Company

Reference Number: HJD079

Location: Hampshire

Turnover: £304k

Status: SOLD

IT Support Company

An attractive opportunity has arisen to acquire a well-established IT and Communications support and service provider based in Hampshire, UK.

Established in 1994, the company specialises in delivering business IT and communications solutions for a growing customer base of SMEs and organisations across a range of sectors, including charities, engineering, facilities management and estate agents.

For over 25 years of trading, the business has experienced steady growth, generating key partnerships with a selection of major brands, to provide their clients with a wide range of IT peripherals, systems and servers, phones, broadband and mobile technologies.

The company provides a range of business IT and Comms solutions through a service and support model. This well-established consultancy delivers an integrated service, providing complex and sophisticated IT and comms hardware and systems, with ongoing maintenance and customer support.

The company benefits from a dedicated team of specialists, driven by a problem-solving ethic, complemented by years of market experience and an eye for developments within the fast- moving tech industry.

 

Highlights

  • 25 years of trading history with solid and growing SME customer base
  • Well-established managed service and support model with low overheads
  • 28% of revenue is generated from IT support contracts
  • 31% of revenue is generated from subscriptions for managed services
  • Highly specialised and experienced team
  • Key partnerships with reputable IT and Comms brands

 

Financial overview

YE 30th September 2016 2017 2018 2019 FCT
Sales revenue £334,044 £289,499 £292,644 £304,819
Gross profit £229,424 £172,312 £182,045 £195,663
Percentage 69% 60% 62% 64%
Adjusted EBITDA £102,585 £28,547 £26,207 £38,949
Percentage 31% 10% 9% 13%
SOLD

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