Property Descriptions

Location: South East England Asking Price: £16 Million Business highlights include: WELL-KNOWN ESTABLISHED BRAND UK MANUFACTURING BASE WORLDWIDE SALES £9M TURNOVER c£2.7M ADJUSTED EBITDA NAV £4.65m Business Profile: The Company is a leading manufacturer and supplier of swimming pool, SPA and Aquatics’ heating and disinfection equipment. Based in the UK the Company sells its products in 74 countries to a network of some 250 direct distributors, retailers and distributors. Since inception, its products have been installed in well in excess of 150,000 swimming pools, spas and aquatics around the world The Company’s brand is synonymous with quality, innovation and reliability. Its workforce are highly skilled and dependable. Sales have been on an upward trajectory for the last five years and in the 2022-23 financial reached just over £9m turnover with a £2.771m Adjusted EBITDA and for 2023-2024 the projected Adjusted EBITDA is £2.989m. The Net Asset Value at completion will be £4. 65m. Any movement away from this target NAV figure in the final balance sheet will be added to or subtracted from the final sale price on a £ for £ basis. The business is exceptionally well run with excellent gross and net margins. The product range is highly advanced, renowned for its dependable performance, and enables every participant in the supply chain to achieve substantial profit margins. It boasts a strong global customer base who consistently place orders, and once they become customers, they rarely seek alternatives. The recent certification of safety standards has unlocked previously untapped markets, creating new opportunities for expansion The Company manufactures and sells throughout the world swimming pool, spas and aquatics’ heating equipment and disinfection. Its products can be broken down into four primary categories: disinfection, electric heaters, heat exchangers, and solar (heating). It sells its products both directly to retailers and builders and through an international network of distributors. Key Considerations Highly profitable Excellent reputation International distribution Proven products Experienced workforce Innovative products Well run business Programme of continuous R&D and Innovation Summary Results y/e £000s 2023 2022 2021 2020 Turnover £9.090 £9.026 £7.579 £4.809 Gross profit £4.00 £3.129 £3.291 £1.9 Operating Profit £2.518 £1.737 £2.144 £684 Adj EBITDA £2.771 £1.885 £2.288 £725 PROJECTIONS FOR 2023-2024 Turnover £9,000,000 Gross Profit £4,050,000 Operating Profit £2,870,295 Adjusted EBITDA £2,989,295 BALANCE SHEET The Completion Balance Sheet will show Net Assets of £4.965m assuming no cash and no debt. There will be a £ for £ increase/decrease to the final sale price to reflect any movement away from this benchmark net asset figure of £4.965m. REASONS FOR SALE Retirement.