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
Asking Price Undeclared
Business Profile
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.
Based on sales to date, committed funding for future projects together with historical trends, turnover for the three years to end March 2018 is set to exceed £3.1m, generating an EBITDA across the period, before Directors’ costs of almost £670,000.
Offers are now invited for a sale of 100% of the Issued Share Capital in the Business based on a Balance Sheet figure of £116,600, adjusted to exclude the freehold property and Directors Current Account on the Balance Sheet.
