NEXT ONLINE AUCTION – TBC

ASSETS FOR SALE

Unless otherwise stated all sales of assets are subject to VAT (where applicable) plus 15% + VAT buyers premium

BUSINESS FOR SALE
Project Notepad

Business Opportunity

Offers are invited for the business and assets of an established office supply company with national coverage based in the South of England.

Interested parties are requested to specifically deal and formally register their interest with Barry Bostock of SIA Group, who are acting as Agents on behalf of The Company.

Business Overview
The company supplies a range of office equipment including machines (often under lease agreements) and consumables (often pre-paid) with approximately 500 and 200 customers respectively.

Summary of Accounts
A summary of the company’s management accounts for the year ended 31 March 2017 is shown below

o Turnover 4,062
o Cost of Sales (2,790)
o Gross Profit 1,272
o GP% 31%
o Fixed Assets 157
o Current Assets 980
o Current Liabilities (1,008)
o Long Term Liabilities (44)
o Net Assets 85

o Admin Expenses (3,126)
o Operating Loss (1,854)
o Interest (4)
o Loss before Tax (1,858)
o Share Capital 4
o Profit & Loss 85

Assets for Sale The company employs approximately 25 loyal staff with long service from a leasehold premises. Company assets comprise:

• Customer Contracts
• Tangible Assets
• Goodwill (including name & website)

Expressions of interest for such right, title and interest the company has in its assets are sought as soon as possible and no later than 16 June 2017. It is expected that any sale will be free from all liabilities other than employee entitlements that may transfer under TUPE.

Further Information
Requests for further information to conduct due diligence should be addressed to Barry Bostock of SIA Group. Contact details have been provided below. Interested parties are invited to register their level of interest. Access to additional information will be provided on receipt of a signed NDA.

For further information, please contact:

Barry Bostock – SIA Group 023 8048 8760
Email: barry.bostock@sia-group.co.uk

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