Business Profile
This business was set up by the vendor over 30 years ago and has grown in that time to become well established and profitable. The business specialises in offering what is believed to be a class leading software solution and market leader throughout the UK to professional debt enforcement agencies working on behalf of private clients, institutions and High Court Enforcement.
A buyer with the requisite resources will find in this business the opportunity to rapidly grow this application’s reach & profitability far beyond that which the founder’s current resource base will allow and is the primary reason for this sale.
The company has established itself at the forefront of the industry and has earned an enviable reputation that has resulted in long term loyalty from its extensive client-base and continually invests in its talent recruitment to ensure that it maintains its position as one of the most advanced and comprehensive providers in the marketplace.
It is no exaggeration to say that this business’ core software application is a “game changer” since it is the only Enforcement Platform capable of performing a Pre-Legal Process in combination with a complete Enforcement package – this makes it both unique and extremely desirable.
In recent times the application has been taken up by agencies around the world including, the USA and India.
Current arrangements in the USA are expected to lead to new business in the region of £10,000,000 in turnover before the year end of trading in 2026 with commensurate margins. This represents a significant opportunity for a new owner to exploit highly scaleable gains with expectations in the longer term for many hundreds of millions of £’s in market revenues.
The software application is very popular with agents on the ground and it is considered affordable and the preferred option for the largest and smallest of agencies across the industry, with some clients having grown from a modest 5 concurrent user license to more than 500 concurrent users.
This software is cloud-based and supports all Microsoft, Apple and Google browsers, allowing for the use of any internet enabled device from anywhere in the World.
It can be managed by all enforcement companies including:
Data can be either electronically imported or manually generated when commencing Compliance.
The software has been successfully designed to reduce processing costs, and eliminate errors during enforcement, features include:
Now Available an automated Google mapping tool to show the enforcement agents on the road all their destinations as SLA colour coded pins on an appropriately scaled Google map from within the application.
In short this software application manages all of the required aspects for the successful execution of all for all debt enforcement agencies, wherever they are in the world.
All of the necessary equipment and intellectual property is included in the sale and the small team manages account management and software development in-house, controlling costs; and the results speak for themselves.
Staff understand client requirements profoundly and their product knowledge means that the business can react in the quickest possible time to any sudden need and for immediate impact.
The business is very sucessful and highlights include:
The business is managed by the Vendor who has implemented a very efficient management system and is supported full time by just one other staff member who fully conversant with the business’ techniques and methodology and is more than capable of enabling a new owner to successfully maintain continuity of trading.
Equipment:
The business has a comprehensive range of hired Fasthosts servers and development software tools to support existing and develop new software, which will all come with the sale.
Customer Service:
The vendor and staff manage the clients on a day to day basis.
Key Strengths:
The business has many strengths including
Growth and Expansion:
The vendor has managed this business according to the demand made upon it and is highly confident that a new owner could exploit the current increased demand for significant account growth. It is also believed that other offices in other key locations, particularly in the USA would yield significant results; the company’s growing international reputation would surely enable a successful outcome.
Employees:
The vendor is responsible for all sales and systems analysis of any software development and is supported by:
1 x Full time account support manager and developer
Freelance developers utilised on a flexible basis
All staff are highly experienced and are a real asset of the business.
Premises:
The business is managed from a small office with flexible arrangements and is easily relocatable.
Business Hours:
Monday – Friday: 09:30-17:30
Financial Information:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
Turnover: c. £520,000 (2023 draft)
Gross profit: c. £420,000
Adjusted EBIT: c. £380,000 (before Directors’ drawings)
Reason for Sale:
The vendor feels he has taken the business to the limit of his expertise and now wishes to commit his time to new projects in retirement.
Support and Training:
The current owner would be happy to provide full training and support at handover.
Asking Price:
The Asking Price of offers in the environs of £1,800,000 including net assets is for 100% of the issued capital of the company, assuming Net Liabilities of circa £23,000 on completion (calculated on a zero cash-zero debt basis). The final selling price will have a £1 for £1 adjustment for any rise or fall in this benchmark Net Liabilities figure of £23,000 at completion.
Is this commercial relocatable: | No |
Commercial Sector: | Office |
Total Views: | Club Member only |
Impressions: | Club Member only |
Total Enquiries: | Club Member only |
Last Viewed: | Club Member only |
Last Updated: | Club Member only |
Last Enquiry Made: | Club Member only |
Equipment: | na |
Key strengths: | na |
Key Opportunities: | na |
Financial performance: | na |
Asking Price: | na |
Rent Frequency: | Weekly |
Advertising and Marketing: | na |
Growth and Expansion: | na |
Premises: | na |
Business Hours: | na |
Employees: | na |
Support and Training: | na |