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Embedded Electronics And IoT Design Firm In Southend-On-Sea
Southend-on-Sea, Essex, East of EnglandIdentity protected
Available
About this business
An engineering firm that designs embedded electronics, firmware and connected devices for manufacturers who lack their own hardware teams. Its 24 engineers work remotely, with no premises, and production runs are made by outside manufacturers, so a buyer would not take on a factory. It has traded since 1998.
Turnover has grown every year, from £2.51m in 2021 to £3.25m, and adjusted EBITDA has nearly doubled, from £393k to £725k. Net profit is £639k against an asking price of £5.85m.
Key investment highlights
- Adjusted EBITDA up 84% since 2021
- Firmware, electronics and product design
- Remote team of 24 engineers
- Trading since 1998
Reason for sale
The founders are retiring and have planned the sale for some years.
Nothing flagged on the two questions buyers ask first
No flagRevenue going backwards and one client being too much of it are the two things that end most deals in due diligence. Both are shown here up front, from the figures the seller supplied.
- Revenue directionNo flag
Turnover rose +4.9% in 2026.
- 2021: baseline
- 2022 (+4.7%)
- 2023 (+4.9%)
- 2024 (+7.2%)
- 2025 (+4.7%)
- 2026 (+4.9%)
6 years of turnover, 2021 to 2026, as supplied by the seller.
- Client concentrationNot stated
The seller has not declared what share of revenue the largest clients represent.
No declaration supplied. Client concentration cannot be derived from accounts.
EBITDA margin widened from 15.6% in 2021 to 22.3% in 2026.
These are observations from the supplied figures, not a view on whether this business is worth buying. Nothing here predicts an outcome.
Computing valuation...
What happens next
Submit an enquiry to the seller. Once they approve it, you sign a non-disclosure agreement and gain access to the information memorandum, the financials and a secure deal room with the seller.