ACQUISITION OPPORTUNITY – Project Scale
Fourth generation professional auctioneers and valuers
The opportunity to acquire a globally recognised technology (hardware and SaaS) business, specialised in the agritech sector, covering the majority of the value chain, including in-house data science and manufacturing/fabrication of advanced vertical farms.
Overview
The company specialises in the design, manufacture and construction of automated SaaS-driven vertical farms, powered by proprietary hardware and software. These create the optimal conditions for crops, across a variety of use cases, from food production through to reforestation and drug development. This is all supported by a multi-disciplinary team spanning engineering through to crop science, operations and data.
Despite significant challenges in an embryonic sector, the company is approaching its nine-year mark but needs to scale in order for the unit economics of its systems and data science to have the greatest impact, in regions that face acute challenges with respect to climate change, including water scarcity.
Operates from three leasehold premises; centred around a modern, well-maintained industrial unit with specialist machinery and equipment for manufacturing and fabrication co-located with science-led-growing facilities in the South East of the UK.
Key Features
- Diverse international customer-base including farmers, indoor growers, retailers, food brands, pharmaceutical companies and biotech companies.
- Experienced, multidisciplinary workforce comprising 32 full time employees.
- Well-connected trading location in the South East of England.
- Independently voted the #1 Controlled Environment Technology (“CEA”) company, globally, amongst all food-technology businesses for 2-years in a row.
- #1 in the UK for grant wins from Innovate UK, including alternative proteins & other themes.
- £37.1 million of capital raised to date, primarily for technology development, in preparation for scale and a simple share structure with no preference shares.
Assets for Sale
- Goodwill
- Intellectual Property
- Patents
- Website and online traction (over 20,000 followers, grown organically)
- Tangible fixed assets, comprising equipment, fixtures and fittings
- Stock
- Debtors
- Highly qualified and multi-disciplinary staff
- A global reputation, including a seat at the table with governments, WEF and others
Summary of Financial Information
Period 01.10.21 – 31.03.23 £’000 | FY24
£’000 | ||
| Income Statement | |||
| Turnover | 6,652 | 692 | |
| Gross Profit | 1,824 | (1,453) | |
| Net Profit / (loss) | (4,037) | (10,027) | |
| Statement of financial position | |||
| Fixed Assets | 4,842 | 6,525 | |
| Current Asset | 14,002 | 12,221 | |
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 4th August 2025 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: 07414 932581
Email: sarah@kbl-advisory.com
Mary Dempsey
KBL Advisory Limited
Tel: 0161 637 8100
Email: mary.dempsey@kbl-advisory.com