Project Active - Opportunity To Acquire A Well-Established Customised Sportswear Company

John Pye Red Line Spacing

Business Opportunity

  • The Company was established 10 years ago and has seen steady grow of this brand over recent years
  • The company has more than 100 3 – 5 year B2B supply contracts with customers largely in universities, independent schools and sports clubs, supplying the students and club members through websites on a direct B2C basis.
  • The Company trades from a leasehold premises in the Midlands and utilises three third party warehouses to hold stock.
  • Management accounts for year ended 31 March 2021 show a turnover of £5.0M and
    £4.8M in 31 March 2020.
  • The Company holds various trademarks and licenses, as well as a bespoke ERP system allowing easy management of in excess of 1 million lines of stock.
  • The Company trading premises comprises of 600m2 of office space.
  • Employs 43 staff (including 2 of the directors), which includes 6 in Design & Merchandising, 14 in Sales, 7 in Supply Chain and 16 in Administration and Finance.
  • Reason for Failure – decline is trade due to the pandemic together with significant interest charges on legacy debts.

Sale process and further information

The deadline for offers is: 12.00 noon on 21 February 2022

Further information: Should you be interested in obtaining further information regarding this opportunity please contact the persons below. Please note that you will be required to complete and sign a confidentiality undertaking before additional information is provided to you.

Contact

Emily Ball
Director
emily@sterling-advisory.co.uk
0115 695 0566

Gary Harper
Business Assets Senior Valuer
gary.harper@johnpye.co.uk
0115 970 6060