Project Virgil | 152729

PROJECTVIRGIL OPPORTUNITY SUMMARY

AN INNOVATIVE, MARKET-LEADING PROVIDER OF ALL-ENCOMPASSING DESIGN, PRODUCTION, AND EXPERIENTIAL MARKETING SERVICES

OPPORTUNITY SUMMARY

FINANCIAL PERFORMANCE

1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500

10,000 12,000 14,000 16,000 18,000 20,000

0 2,000 4,000 6,000 8,000

Turnover £'000

Adjusted EBITDA £'000

0 500

YE18 YE19 YE20 YE21 YE22 YE23 Proj.YE24 Proj.

Turnover

Adjusted EBITDA

FINANCIAL HIGHLIGHTS

A Achieved turnover of £12.5 million in YE22, with an adjusted EBITDA of circa £2.8 million. A Company operations were temporarily impacted in YE21, with turnover reaching £7.3 million and an adjusted EBITDA of £1.6 million; however, this impact was only temporary, with the business having already exceeded this in the current financial year. A With demand for the company’s services rising rapidly, turnover is projected to rise to £16 million in YE23, with adjusted EBITDA also anticipated to increase to circa £3.3 million. A Maintains strong gross profit and adjusted EBITDA margins, averaging 70% and 25%, respectively, across the last five years. A Possesses a wealth of assets, including freehold property, plant, machinery, vehicles and computers, with a net book value of circa £3 million. The Directors estimate that the market value of these assets would be closer to £6 million.

PROJECT VIRGIL

OVERVIEW

The company specialises as a market leader in the provision of comprehensive and sustainable design services for clients in the luxury retail sector, specialising in the production and installation of bespoke, high-quality creations utilising modelling, fabrication, 2D and 3D print for ground-breaking nationwide window campaigns, pop-ups, experiential events and iconic museum productions. Benefitting from a wealth of in-house expertise, the company works in partnership with clients to develop and launch dynamic and creative digital and experiential marketing campaigns, and is renowned amongst clients for its innovative and unique approach and consistently strong results. The shareholders are now offering the company for sale as the majority shareholder wishes to exit the business, whilst supporting its continued growth and providing access to additional investment to drive future innovation and expansion.

relationships with major clients 20+ year

of clients provide repeat business 99 %

KEY HIGHLIGHTS

A A market-leading, highly accredited and environmentally conscious business that continually invests in the development of its facilities and workforce, enabling it to offer enhanced, ground-breaking services for its clients. A Clients include a multitude of prestigious, blue-chip organisations, focused heavily within the high-end beauty sector, with a global presence, many of which have retained the company’s services for over 20 years. A Operates on an international basis, benefitting from a steady stream of new, repeat and referral custom, with 90% of revenue in the last year being provided by existing clients, accompanied with exciting new business opportunities continually driving the organisation forward. The business has a strong reputation for continual innovation and evolution supporting the expansion to new clients and areas of work. A Long-standing and highly experienced management team in place, which possesses the skills and expertise required to drive further growth, with all active members of the team open to remain with the business in their current roles. A Operates from centrally located freehold premises based in South East England, which benefit from state-of-the-art on-site fabrication and design facilities.

CONTACT

KBS Corporate KBS House, 5 Springfield Court Summerfield Road, Bolton BL3 2NT +44(0)1204 555 060

All enquiries should be made in the first instance to: Richard Stocks Senior Research Analyst richard.stocks@kbscorporate.com +44(0)1204 867 436

info@kbscorporate.com www.kbscorporate.com

Disclaimer: This information, which does not purport to be comprehensive, has been provided by our client and has not been independently verified. No representation or warranty, express or implied, is or will be given by our client, its directors, employees or advisers or any other person as to the accuracy or completeness of this information and, so far as permitted by law.