SOLD : Manufacturer of Pneumatic Comfort Systems – Marketing Price £640,000

  • Produces high quality ergonomic seating components, air cells and lumber supports plus bespoke products for specific customer needs
  • Manufacturing carried out in U.K. and in China
  • Growth to date has centred on the office furniture manufacturing industry but much scope now being explored in the medical (wheelchairs, etc.) and entertainment (audience/spectator seating) sectors and direct to end users
  • Highly developed ‘value’ systems have definite scope for a wide range of adaptations into many and varied markets
  • Impressive, loyal and growing customer base who fully appreciate the level of service provided
  • Currently 90% of sales in U.K. and 10% in mainland Europe (mostly in Germany) but now increasing European trade and expanding into North America
  • Significant innovation, design and development undertaken
  • Valuable product patents held and trademarks registered
  • Only 3 employees plus Managing Director (agency workers used as required for U.K. manufacturing)
  • No marketing expenditure – relying on commission only sales agents, repeat orders, reputation and word of mouth and a sales and marketing alliance with a large UK office chair component supplier
  • Turnover £776,827 (y/e 31st March 2014). Growth anticipated from new products plus more products in development
  • Adjusted net profit £331,870 (y/e 31st March 2014)
  • Ideal and very well equipped business premises with considerable capacity to facilitate growth
  • Business available with existing premises or on a relocation basis if preferred
  • Price reduction to encourage early sale
  • Retirement sale (and owner emigrating to Australia)