Acquisition Opportunity: Project Milan
Fourth generation professional auctioneers and valuers
The opportunity to acquire the business and / or assets of a company
which operates in the design and production industry, specialising in
events, exhibitions and interiors.
Overview
Project Milan develops its clients’ commercial interiors or event / exhibition strategy,
lead or partner in the creative process and manage the delivery of the project /
program.
This includes all aspects of a project including conceptualisation right through to
bespoke joinery, fitted and loose furniture, boutique fit out, to full roll out at scale.
Project Milan operates in the B2B market only.
Key features
• Turnover of £4.75m in the year to 30 June 2022.
• Strong customer relationships across the United Kingdom.
• Experienced workforce comprising 55 members of staff and two directors.
• Leased premises in the Midlands.
Assets for sale
• Goodwill
• Website
• Plant and machinery (industrial woodworking machinery)
• Computer equipment
• Fixtures and fittings
• Trade debtors
• Order book, ongoing contracts and customer list
Summary Financial Information
£’000 | FY20 Actual | FY21 Actual | FY22 Draft |
---|---|---|---|
Income Statement | |||
Turnover | 3,284 | 1,229 | 4,750 |
Gross Profit Percentage | 29% | (3%) | 17% |
EBITDA | 72 | (711) | (514) |
Statement of Financial Position | |||
FIxed Assets | 1,392 | 1,392 | 236 |
Current Assets | 938 | 990 | 1,380 |
Net Assets | 463 | (347) | (828) |
Process
Further information can be obtained from KBL Advisory on completion of a standard
non-disclosure agreement.
KBL Advisory is requesting indicative offers, supported by proof of funding, by 5pm on
Friday 23 September 2022, with a view to completing a transaction as soon as possible
thereafter. We reserve the right to close the bidding process early or extend the
deadline for indicative offers without liability or advanced notice.
All correspondence in relation to this opportunity should be directed to KBL Advisory as
follows:
Sarah Bates
KBL Advisory Limited
Tel: 0161 637 8100
Email: Sarah@kbl-advisory.com