Asking price: £950,000

Sales revenue: £650,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
The business was established by two of the current directors in 1972 and initially wrote software programmes for its own benefit. Its success created significant interest and the business started to provide solutions for Hewlett Packard who acted as a reseller on their behalf.

The strategy of the directors has always been to grow a financially stable business with a long term future and to establish relationships with clients that are on going and based on a clear and thorough understanding of their IT and commercial objectives.

While most companies have to continually upgrade and re specify their IT systems this business has created suites of Intelligent Software that is able to be modified on an on going basis to meet the changing demands of the client.

Following a period of consultancy the operation takes overall responsibilty for a clients entire IT infrastructure providing a comprehensive support service, facilities management, wide and local area networks, virtual private networking, disaster planning and recovery strategies, remote management and support, on site support if required, full training and ongoing consultancy.

The net effect is a more cost effective set of IT driven solutions which can be updated and implemented with minimal disruption to the clients commercial operations.

Equipment:

The company has three key multi faceted offerings

Firstly, a completely integrated on-line Enterprise Resource Planning application. Depending on the clients needs it can include the following programmes.
Sales and purchase orders
Stock control system
Manufacturing and Bill of Materials
Sales Ledger
Cash Book controls
Nominal ledger
Fixed Assets
Consolidation
Budgeting
Project Management and time recording
Sales and Marketing strategy and activities
Help Desk function
CRM
Project Control and Time Reconciliation
Marketing and Mailing
Fully integrated e commerce

As a result of its success some industry specific programmes have been developed. These include.
Plant and equipment hire.
Car and truck rentals
Fleet and workshop management
Trade Counter (Wholesale)
Apparell
Food and Drinks Industry
SAP integration

The latest addition to the portfolio is a bespoke programme that stores data on people, places, organisations and items separately. It can be used as a stand-alone programme or in conjunction with the ERP software.The captured data can be used to form any number of appropriate links that can then be formatted to create the desired applications.

Examples of its uses would be CRM, Accident recording systems, drug and patient management, training records, company organisation structures, and asset recording and advanced booking systems. The products have undergone redevelopment to raise them to the latest technical and commercial standards


Customer Service:

For twenty years the company sold primarily through a distribution network that named and worked on the product for their customers and sold to thousands of users throughout the world. In the last few years products have only been sold direct to end users and the company now has a core of circa thirty-five high value clients. Many of these have been customers for between ten and twenty years. This level of loyalty has been assisted by the recruitment policy of the company who have hired highly qualified people from a range of industries so they have expertise in each specific market.

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler. The company generated a turnover of circa £650,000 in the last financial year. Around £350,000 of that figure was recurring revenue generated from licence fees and maintenance contracts. Shareholders funds remain stable in the region of £121,000

Years established: 1972

Employees: Three directors One technical manager Two product specialists One Java specialist One site support technician One installations and upgrades technician One part time programmer One trainer One admin and documentation clerk One accounts and administration

Property: Freehold

Location
The IT centre is based in a barn conversion located in the Somerset countryside. A fully repairing lease is available on these premises that are owned by two of the present directors. The present lease is for five years and runs from January 1st 2009.

The facility consists of three offices covering circa 1300sq ft, a boardroom, kitchen and staff room. There is ample parking. The lease is set at a monthly figure of £2000.
The second small Oxfordshire based office is owned by the company and is valued at around £90,000. There is a mortgage of £75,000

Expansion potential
At present one of the directors is responsible for all sales activity. Recruiting a small specialist sales team could restructure this key activity.

Support & training
The directors are very motivated to see the business they created continue to flourish and grow. They will make sure that they are available to facilitate a smooth and professional handover and to act as consultants to the business for an agreed period of time.

Reasons for selling
After a long, successful and fulfilling career the directors are reaching retirement age and need to put a succession plan in place.