Short form memorandum of sale

High class upholstery manufacturer

 

COMPANY Details will be released after receipt of signed Non-disclosure agreement.
LOCATION East Midlands.
HISTORY Long established well known brand name within the upholstery manufacturing business.
TURNOVER £1.27m.
NET PROFIT £92k.
REASON FOR SALE Retirement of current shareholders.

 

  • The company is a well-recognised and known manufacture of high class upholstery, trading from leasehold premises in the East Midlands.
  • The company is well run, profitable and enjoys excellent trading relationships with its customers.
  • It currently employs 23 full time staff, many of whom are highly skilled craftsmen.
  • The company sells primarily to a wide portfolio of up market furniture retailers throughout the UK. It has established long term relationships and approved supplier status with premium retail stockists.
  • The quality of manufacture is such that there are no customer complaints or returns.
  • The company owns several well known brand names and is the holder of the Manufacturing Guild Mark for excellence.
  • The company owns, free of finance, all of its manufacturing plant and equipment and other assets.
  • The company operates an efficient business model, drawing on the many years’ experience of its management team. There is tremendous scope for scaling up both sales and profitability.
  • Turnkey design to delivery service, with the ability to offer bespoke items.

 

ASKING PRICE Offers over £650,000.
SALE TYPE The vendor seeks 100% transfer of ownership through a share sale.
SELLER’S AGENT Corporate Financial Solutions LLP
CONTACT Richard Saville
NUMBER 0115 838 7330
EMAIL richard@cfs-llp.com

 

IMPORTANT NOTICE
This document is issued in a confidential manner. It is being delivered for information only to a select and limited number of potentially interested parties, or parties known to us who may have clients of their own that would potentially have an interest in this business.

This document does not contain all of the relevant information that a potential purchaser will require. It is merely a short form memorandum of sale, produced solely for the purpose of providing sufficient limited information to potential purchasers, to ascertain whether such parties may have an interest in the company. Neither the seller, its directors or any of its representatives, including Corporate Financial Solutions LLP, acting as the company’s selling agent, accept any responsibility or liability for the accuracy or completeness of information contained within this document. Specifically, no warranties are given as to the possible achievement of any information in this document and any information within this document is not a promise or declaration for the future.

This document is not intended to provide the basis of any investment decision and should not be considered as a recommendation by the seller, its directors or its agents. Each party/organisation that this document is made available to, must make their own independent assessment of the seller before proceeding with any potential purchase.

In providing this document the seller does not undertake to provide any further documentation that maybe required for a potential purchaser. Any potential purchaser is strongly advised to seek their own legal and financial advice in relation to submitting an offer for this company.

Acceptance of the delivery of this document constitutes acceptance of the terms highlighted in this notice.

FURTHER INFORMATION
Further details will be provided following receipt of a signed Non-disclosure agreement. In the event
that either yourselves or your clients require further details, then please contact Richard Saville –
details are shown above. The following will then be made available:

  • Latest accounts
  • Sales analysis
  • Employee details
  • Asset register
  • Sales literature and product information
  • Lease details