Business Sales
NEW INSTRUCTION
Project Sleep Audio Tech
Paul Ellison and Christopher Errington of KRE Corporate Recovery Limited anticipate being appointed as Joint Administrators over an established software technology business in early May 2025.
Location: London, UK
Offers Invited: By 5:00pm on Wednesday 30th April 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
- Innovator in sleep technology with software platform, IP licensing, D2C sales channel and a breakthrough product in development
- The business has a number of component parts:
- ongoing licensing, resale and software agreement with one of the world's leading global health, technology and wellness brands
- World leading expertise in sleep audio technology with various key patents
- Profitable, innovative app (iOS & android) with 4k+ active, paying subscribers. £3m+ spent developing
- D2C sales channel with £10m+ in historic revenues and 200k customers
- Market-leading breakthrough product in development
- Patent portfolio covering key technology innovations
- Based in London with customers globally, 7 staff currently
- Significant growth potential with new product in development which would position company at forefront of the rapidly growing sleep audio technology market
- High margin subscription, Licensing and D2C sales business with own IP, close to profitability
- £10m+ in lifetime revenue, 200k customers. Turnover 2024 - £936k; 2025 - ytd Jan to March - £108k
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.
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