International Commercial IT Business For Sale

Business description

International commercial IT business specialising in systems architecture and software development.

Turner Butler has been appointed to invite offers for purchase of 100% of the shares in the Limited Company of a commercial IT business specialising in systems architecture and software development.

Key strengths:

The Company has the following key attributes:

• A world leader in its field, employing some of the most talented individuals in its sector
• Blue chip, multi national client base
• Approximately £180,000 of on-going maintenance income per annum
• Low cost, highly skilled programming resources through its office in the Far East
• The fullest range of business analysis and software development skills
• PMI and Prince 2 certified
• Currently reviewing standardised processes to achieve CMMI certification
• Experience in migrating blue chip clients to Cloud servers
• Google and Amazon Business Partners and UK providers of OpenCMS
• Providers of automated actuarial financial calculations to pension funds
• Providers of security penetration testing (OWASP)
• All company documents are stored in a secure internet location for business continuity and ease of access.
• Has a large software library of bespoke products including system monitoring tools and financial modellers for mobile, tablet and PC devices.

The Company provides an acquirer with an established and profitable software company with links into major blue chip organisations; profitable on-going maintenance contracts and an established development company in the Far East.

Next steps:

If you are interested in receiving further information, please sign and return the attached Confidentiality Agreement. In returning the Agreement we would be grateful if you could provide us with details of your interest in this opportunity along with your funding position.

All enquiries or requests for additional information should be submitted or directed to Tony Bell at Turner Butler

Financial profile:

For the financial year ending March 2011, the business achieved a turnover of approximately £660,000 of which £180,000 was from on-going maintenance contracts, generating a gross profit of approximately £360,000 and profits available to the Owners of the Business in the region of £160,000.

At the end of March 2011, Shareholders Funds stood at: £373,000.