Business Sales
OFFERS INVITED
Project Minerva
The proposed Administrators are seeking bids for the assets and business.
David Taylor and Paul Ellison of KRE Corporate Recovery Limited anticipate being appointed as Joint Administrators over a company providing design, installation and support services for audio visual, IT, unified communication and automation systems.
Location: Buckinghamshire, UK
Offers Invited: Immediately
BUSINESS OVERVIEW
- Company provides design, supply, installation and support services for the audio-visual, IT and security sector
- Provides services to multiple sectors including commercial, corporate, public sector, education, residential and hospitality & leisure
- Operated for over 25 years predominantly in the UK but also across Europe and the UAE
- Has received multiple awards for projects in the commercial, hospitality and residential sectors
- Fully committed management team
- Customers include blue-chip FTSE corporate customers and major Tier 1 contractors
- Large customer base with strong level of repeat customers and no customer concentration risk
- Operates from 15,000 sq ft leasehold premises in Buckinghamshire
- 95 FE staff covering all operational parts of the business
- Turnover of c.£23m, c.£18m and estimated c.£20m in the years to 31 December 2022, 2023 and 2024 respectively
- Service contract revenue of c.£3m per annum with associated EBITDA of c.£1m
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 BusinessSalesNDA@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 BusinessSalesNDA@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.
Get in touch
Email me direct
To: