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CONFIDENTIAL SALE
FOR SALE
30/04/24
610566
155665 / Rightbiz
The company is an industry-leading specialist provider of reuse and recycling services for redundant IT technology.
The business has obtained extensive contacts and marketing leading experience of trading, exporting, and brokering IT scrap from other recycling companies, for refining or onward sale. As part of its offering, the company provides nationwide collection services for educational institutes, including secondary education and universities, national trusts, local authorities, and corporate businesses to assist with the removal of all unneeded equipment. The company also offers complete data-bearing wipes for sensitive data, this includes hard drive shredding, erasing, and degaussing. Our client is now offering the business for sale to accelerate growth under the impetus of new ownership. Offers invited. Generated a turnover of £4.6m in YE23, with an adjusted EBITDA of £751k. Gross profit exceeded £1.6m in YE23, maintaining a profit margin of 36%. Achieved year-on-year growth following the Covid-19 pandemic. Operates within a continuously growing market, which is anticipated to increase in value by £82m between 2023 and 2028. Potential to establish a new revenue stream via tendering for council and public sector contracts. Significant opportunity to grow revenue through selling tested IT equipment and reusable parts via Amazon and eBay, as well as brokering contacts. Strong international reputation as a trusted exporter with clients based across the UK, Germany, Poland, and China. Fully licensed authorised treatment facility, with sought-after environmental permits. International notification licenses, enabling the export of hazardous WEEE waste to Germany and Poland. Diverse client network, working with approximately 100 various prominent organisations. Received numerous accreditations from prominent organisations, including ISO 9001 and 14001. Talented senior operations team with ability to manage daily operations with minimal oversight. Operates from leasehold premises, with the capability to expand if required.
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Get Solicitor
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