Business Sales
NEW INSTRUCTION
Project Aristaeus
David Taylor and Paul Ellison of KRE Corporate Recovery Limited anticipate being appointed as Joint Administrators over a company providing artisan cheeses and associated gifts by mail order and wholesale.
Location: UK
Offers Invited: By 5:00pm on Friday 28th February 2025
BACKGROUND
The proposed Administrators are seeking bids for the assets and business.
The proposed Administrators are seeking bids for the assets and business.
BUSINESS OVERVIEW
- Company provides artisan cheese packages by mail for one off orders and subscriptions
- Also provides cheese wholesale options with significant forecasted growth
- Wholesale includes nationwide retail as well as hospitality and food service
- Operates from 7,000 sq ft leasehold premises in London
- c.£3.5m of investment to date
- Turnover of £1.3m in the year to 30 April 2024 (c.£950k online sales and c.£350k wholesale)
- Forecasted turnover of c.£2m in the year to 30 April 2025 (50% wholesale, 50% DTC)
- Turnover forecasted to increase to £2.8m in FY28 (65% wholesale, 35£ DTC)
- 1,800+ 5 star review ratings
- Currently exploring an outsourced packaging agreement which will immediately turn the company to profitability
- Ownership of proprietary DTC tech stack that manages customer personalisation, cheese allocation, subscription and order management and stock control
NON-DISCLOSURE AGREEMENT
If you would like more information about this company and to register your interest please complete and sign the attached non-disclosure agreement and return it to jhills@lsh.co.uk and cbuller@lsh.co.uk.
If you would like more information about this company and to register your interest please complete and sign the attached non-disclosure agreement and return it to jhills@lsh.co.uk and cbuller@lsh.co.uk.
IMPORTANT
This briefing sheet contains information supplied by company personnel. LSH provides no warranties or indemnities in respect of such information. All interested parties must rely on their own investigations when reviewing this opportunity.
This briefing sheet contains information supplied by company personnel. LSH provides no warranties or indemnities in respect of such information. All interested parties must rely on their own investigations when reviewing this opportunity.
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