PRO1351

Company Formation Agent & Corporate Service Provider

UK
 

Specialises in the formation & maintenance of UK companies for overseas clients, predominantly within Europe. The majority of the company's clients are located in Western Europe, with relationships maintained both in-house & via an established international network of sales agents enabling the provision of a competitive, localised, tailored service set to clients, in their own language.

Key Aspects:

  • c67% repeat business evidences developed customer retention across a diverse client base, creating reliable annually renewed revenue.
  • Developed international sales, with 96% generated overseas.
  • Clients serviced in their native languages through a developing European network of agents.
  • Fixed-fee agreements in place with the company's chartered accountancy subcontractors.
  • Expert knowledge of UK company law, with an established experience of the UK marketplace & associated legislation ensuring efficient service.
  • Invoicing conducted mainly in European currencies resulting in the company benefiting from the recent decline in GBP.

    Opportunities:

    • Create websites in additional languages.
    • Develop sales & marketing in growth territories such as Spain.
    • Implement management impetus to develop the company's agent network into further territories such as Central & Eastern Europe.
    • Capitalise on the UK's increasing appeal for company incorporation, with expected reductions in the country's corporation tax rate.
    • Capitalise on complicated local bureaucracy surrounding the sale of intangible products & services in countries such as Italy.
    • Opportunity for an acquirer to cross-sell company formation services whilst increasing profitability through economies of scale.
    • Cross-sell related services, such as tax advice or UK storage & distribution, as part of a holistic service-set for overseas clients wishing to establish a business in the UK.
       

      Potential Purchasers:

      • Small to medium-sized UK accountancy firm or law firm.
      • Company formation agent and corporate service provider, specialising in formation and maintenance of UK companies for overseas clients.
         
        Year:

        2015

        Actual

        £'000

        2016

        Actual

        £'000

        2017

        Actual

        £'000

        2018

        F'cast

        £'000

        Turnover203209196225
        Gross Profit:150145152170
        Adj. EBITDA *1119687120
        * Earnings before interest, tax and depreciation (non-cash item)
         
        Bids Invited