Acquisition Opportunity – Project Sketch

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The opportunity to acquire the business and / or assets of a West Midlands based Architectural Practice

Overview

Multi award-winning Architects, Surveyors, Conservation and Planning Consultants, specialising in the preservation and sympathetic conversion of historic buildings.

Key features

  • Established in 1985
  • Operating from a large leasehold studio-plan office
  • A reputation for high quality repairs and conservation work and adaptive re-use of historical buildings (both residential and commercial)
  • Extensive experience in new-build infill schemes within conservation areas
  • Private client base which includes owners of large country houses as well as small residences
  • Commissions extend across the UK
  • Highly skilled and motivated work force comprising eight employees, including two directors
  • Annual turnover of approximately £281,000

Assets for sale

  • Goodwill
  • Circa 20 live contracts
  • WIP
  • Office Equipment
  • Debtors
  • Website

Summary financial information

£’000FY21
Actual		FY22 ActualFY23 Mgmt
Income Statement
Turnover284311281
Gross Profit Percentage97%91%96%
Profit / (Loss)(40)(83)(27)
Statement of Financial Position
Fixed Assets342634
Current Assets213164194
Net Assets953558

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 Wednesday 12 June 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:

Jessica Higginson
KBL Advisory Limited
Tel: 0161 637 8100
Email: Jessica.higginson@kbl-advisory.com