IT Support Company
Reference Number: HJD079
Location: Hampshire
Turnover: £304k
Status: UNDER OFFER
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Business Summary
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% |