Turnover: c. £1M
EBITDA: c. £100k
Number of employees: 14
IT Service provider based in Greater London, offering various technology services to SMEs and the education sector.
A significant portion of the revenue (in excess of 50%) is generated from recurring contracts with the balance being project work.
Over the years the company has taken on a number of clients in education that have provided both repeat work as well as referred new business. At this moment cca 50% of the clients are in education the rest being SMEs.
There is a management team in place capable of running the company that would look to carry on post acquisition.
The owner is preparing a planned exit with a view to retire.