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A well-established IT support, service and solution company serving SME's and niche industry verticals. Principal activities comprise the provision of managed support services, cyber security, cloud services, backup and disaster recovery services and the sale of IT infrastructure.
High levels of customer satisfaction as evidenced by a client retention rate of 96%. Experienced team of senior managers in place covering the commercial, technical, and financial aspects of the business. Diverse customer base spread across a range of industries and leading position in several niche industry verticals. High levels of recurring revenue.
Highly attractive financial track record with average compound turnover growth of 24% per annum over the last three years and EBITDA margin of c20%. Current year revenue forecast at £1.7 million with EBITDA of £0.34 million. Significant organic revenue growth opportunities including the introduction of an in-house voice/communications offering, expanding the cyber security service, and exploiting the company’s market position in key market verticals. Ideal acquisition target for a market consolidator, a provider of complementary technology based services, or a business services group.
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