Asking price: Undisclosed

Sales revenue: £300,000

Net profit: £180,000

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Independent software development tools vendor specialising in web development and e-Forms. Its innovative products are patent-pending in the USA and EU, with proven step-change in productivity and cost savings. The software uses powerful internet technologies, but does not rely on coding, which means it can be used by analysts, designers and developers. Blue chip customer base with OEM agreements in place and significant presence in UK government. Current turnover is around £300k with net profit of c£180k and a recently signed OEM agreement is forecast by the customer to produce royalty revenues of several £million over the next five years. Highly scalable business, with outstanding growth prospects and an excellent bolt-on opportunity for a larger organisation.

Property: Leasehold