Tuesday, 1 September 2015

CC173-Cultural development agency – specialists in capital project development and feasibility work, organisational development (business planning, strategic development, staff and board development) event production and delivery, and fundraising for cultural projects

Cultural development agency – specialists in capital project development and feasibility work, organisational development (business planning, strategic development, staff and board development) event production and delivery, and fundraising for cultural projects 

 Ref.CC173
Location UK wide
Undeclared

Business profile:
Introduction

Turner Butler has been appointed to invite offers of 100% of the Issued Share Capital in one of, if not, the, leading cultural development agency in the UK.

Key strengths:

The business has the following key attributes:

• One of, if not, the, leading cultural development agency in the UK.
• Substantial expertise and experience in capital projects, organisational development, high profile festivals and events, and fundraising.
• Highly skilled and experienced team.
• Proven track record of successful tendering.
• Excellent growth and expansion opportunities – significant funding already secured for future projects.

The business provides an acquirer with:

• An ideal bolt on for another cultural development agency, cultural consultancy or event management company looking to expand their capabilities within the industry.
• An excellent business opportunity, possibly for an individual business consultant or entrepreneur with an interest in the cultural sector.
Financial profile:   
For the financial year ending March 2015, the Business generated turnover of approximately £425,000, generating gross profits of £318,000 and an EBITDA (Earnings before interest, tax, depreciation and amortisation of costs) of £133,884 before Director’s costs.