Acquisition Opportunity – Project Sprint
Fourth generation professional auctioneers and valuers
The opportunity to acquire the business and / or assets of one of the northwest’s leading, most-well established, and trusted printers, book binders and print finishers.
Overview
Project Sprint offers a rare opportunity to buy the business and assets of one of the northwest’s most-well established print and print finishing businesses. A business with a prestigious history and a blue-chip customer base. Operating from Leasehold premises in Cheshire, Project Sprint has a well-proven track record of profitability and has established itself as one of the most well-respected printing and bookbinding companies in the UK.
Key features
• Turnover of £2.18m in the year to 30 April 2022 and £1.75m in the 10 months to 28 February 2023
• Experienced workforce comprising 33 members of staff and one director.
• Long-established customer base
• Specialist Print and Print Finishing Equipment in situ (subject to Hire Purchase)
• Operates from leasehold premises in Cheshire
Assets for sale
• Goodwill
• Work-In-Progress
• Motor Vehicle, unencumbered.
• Tangible assets – comprising plant and machinery, fixtures and fittings and computer equipment, both encumbered and unencumbered
• Print Specific Plant & Machinery, both encumbered and unencumbered
• Stock of paper and finishing consumables
• Order book, Ongoing Contracts, Finished and Customer Database
• Website, Intellectual Property
Summary financial information
£’000 | FY21 Statutory Accounts | FY22 Statutory Accounts | 10m period to Feb 2023 Management Accounts |
---|---|---|---|
Income statement | |||
Turnover | 2.26m | 2.18m | 1.76m |
Gross profit percentage | 44.9% | 50.24% | 42.9% |
Operating profit | 351k | 208k | (104k) |
Statement of financial position | |||
Fixed assets | 893k | 812k | 706k |
Current assets | 2,213k | 1,891k | 908k |
Net assets | 720k | 593k | 461k |
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 Tuesday 18th April 2023, 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:
Adam Horan
KBL Advisory Limited
Tel: 0161 637 8100
Email: Adam@kbl-advisory.co