Business description

Established in 1998, this Company has become a key player in the supply of steel components to the UK furniture manufacturing industry. It has enjoyed steady growth and built up a portfolio of quality products sourced both from the UK and abroad enabling it to become one of the industry’s most respected suppliers.

From its base in Warwickshire, the Company provides mainly semi-finished products to the furniture industry. Approx 90% of the business is destined for the office furniture market which, in turn, supplies the office, education and leisure sectors. Around 75% of its business is repeat and its dedication to consistently providing goods of high quality at competitive prices has enabled the Company to build up a blue-chip customer base.

The Company works closely with designers to develop new products and with buyers to provide a unique level of customer service. It enjoys excellent relationships with its suppliers, most of whom it has dealt with for many years. All the suppliers are keen to develop further products for the UK, some of which are scheduled to be marketed for the first time in early 2010.

The Company has its administrative base at a serviced office centre and holds stock at a haulage and storage facility locally. The owner, who wishes to retire, runs the business with the assistance of a bookkeeper who comes in by arrangement. From 2005 to 2008 sales increased each year by approx 20 – 25% to a peak of £395,000 last year. The adjusted profit before director’s costs in 2008 was approximately £34,000. The Company can be easily relocated.

The Guide Price is £88,000 for 100% of the shares on a ‘debt free cash free’ basis. It will be of interest to companies already in the furniture business seeking additional turnover and products in conjunction with excellent supplier and customer contacts. This company will also be attractive to people who wish to acquire and grow a profitable ready-made business to run and develop themselves.