BUSINESS AND ASSETS SOLDSoftware Developer & Consultancy

The proposed Joint Administrators are seeking parties interested in the business and assets of a Company based in the Northwest of England which operates as a software developer and offers consultancy services with expertise in delivering seamless software solutions to professional services businesses

Key Features

•   Key features & products:
•   Dial product – enabling smart routing of calls with time savings;
•   E-Filer product – allowing efficient drag, drop and saving of emails; and
•   Cloud based matter management system – including diary system, workflows and potential for accounts integration;
•   SaaS revenue generation model; and
•   All products potentially sector independent.
•   Turnover: (Mgmt – 11 months to 30/11/23): £1.2m (FY22): £2.2m
•   Gross Profit: (Mgmt – 11 months to 30/11/23): £161k / (FY22): £740k
•   Gross Margin: (Mgmt – 11 months to 30/11/23): 13% / (FY22): 33%
•   Net Profit: (Mgmt – 11 months to 30/11/23): (£99k) / (FY22): £135k
•   Recently achieved revenue c.£500k
•   Current contracted SaaS revenue c.£250k from 10 clients.

Opportunity

•   Other assets available for sale include:
•   Goodwill and IPR
•   Tangible assets
•   Client Licenses / customer contracts

Offers

•   Expressions of interest are required by 12:00 noon on 9th January 2024 with a view to completion shortly thereafter
•   All interested parties will be required to sign a non-disclosure agreement

Contact Details

Joe Thompson
Leonard Curtis Business Solutions Group
Riverside House
Irwell Street
Manchester
M3 3EN
0161 831 9999
joe.thompson@leonardcurtis.co.uk