ACQUISITION OPPORTUNITY – PROJECT NETWORK
Fourth generation professional auctioneers and valuers
The opportunity to acquire the business and / or assets of an award-winning provider of offline streaming, digital services and mobile device charging for the unconnected.
Overview
Next generation, solar-powered hardware and smart software to bring offline streaming and content to communities across Africa and Asia. Foundational, asset-light infrastructure to ‘connect the disconnected’ and enable the delivery of essential and high-quality services to the off-grid market and beyond. Network of local partners including telecoms providers, banking inclusion networks, non-governmental organisations, ecommerce agencies and their network of agents.
Key features
• Industry-leading equipment that can serve 400 people on average, supporting hundreds of downloads a day, allowing 20 devices to stream simultaneously.
• Breakthrough technology solutions including developed hardware and software.
• Increasing overseas demand volume
• Experienced team with support from an industry leading director.
Assets for sale
• Goodwill
• Intellectual Property (including patents and trademarks)
• Website
• Equipment
• Stock
• Customer list
• Order book
Summary financial information
| £’000 | FY23 (Actual) | FY24 (FCST) |
|---|---|---|
| Income Statement | ||
| Turnover | 37 | 104* |
| Gross Profit | (46) | ~100 |
| Statement of Financial Position | ||
| Fixed Assets | 5 | 23 |
| Current Assets | 391 | 251 |
*£104,000 on an annualised basis.
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 midday on Friday, 2 February 2024 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:
Julie Webster / Steven Brown
KBL Advisory Limited
Tel: 07344 920625 / 07972 004258
Email: julie@kbl-advisory.com / steven.brown@kbladvisory.com