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Telephone No.
Mazars LLP One St. Peter’s Square Manchester M2 3DE


Mazars LLP is trying to identify potential purchasers for a luxury short term letting business based in Manchester and Liverpool.

• UK based Company which specialises in short-term let of luxury serviced apartments in the North-West on a B2B basis only.
• The apartments are furnished to a high level of service and security, located in prime locations as follows:
– Liverpool city-centre.
– Manchester city-centre; and
– Salford Quays.
• The apartments are exclusive to corporate stays only and there is availability of up to 360 people across the three locations.
• The Company leases the circa 125 apartments across 4 buildings.
• The Company has been trading since 2019 and has advanced plans to expand to an Edinburgh-based location with customers for this location already secured in part.
• Existing management would be willing to work for an extended handover period.
• Main financial issues faced by the company relate to working capital finding, meaning there is limited time available to find a buyer.

Key selling points
• Blue chip customer base, including accounts in the TV and film industry and high end professional services.
• The Company has secured a large north-west based fashion client and is the only supplier outside of the contract owner for one of the big 4 accountancy firms in Manchester.
• Prime locations in both Manchester and Liverpool with options to expand to Edinburgh, Leeds, Birmingham and Brighton next year with a leading developer .
• Flexible lease options at the three locations.
• Recently established on the Global Distributer platform ‘GDS’ and has arranged a new distribution channel to access OTA’s, expected to lead to substantially increased future bookings.
• The Company employs a highly skilled and knowledgeable workforce of 30 (12 FTE) employees based in Manchester and Liverpool

Financial Performance (£’000)Oct-19Oct-20Oct-21
Rental, Rates, Cleaning & Utilities(1,087)(2,136)(2,448)
Gross Profit381618586
Administrative Costs(169)(368)(460)
Directors Costs(17)(40)(112)
Balance Sheet (£’000)Oct-21
Equipment & Stocks143
Lease Deposits400
Trade Debtors & Prepayments399
Cash at Bank300
Customer Deposits(506)
Trade Creditors & Accruals(438)
HMRC & Other Creditors(217)
Net Assets81

Next steps
Offers are invited in relation to the shares or business and assets

For further information, please contact:
Victoria Stewart
T: 07580421921
E: [email protected]

Mazars LLP
One St. Peter’s Square
M2 3DE

WORTH House,
Unit 32,
Stanley Road,
M45 8QX

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