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Payroll Bureau Serving Employers Across Nottinghamshire
Nottingham, Nottinghamshire, East MidlandsIdentity protected
Available
About this business
Started in 2022, this payroll bureau runs payroll, pensions and statutory payments for employers across Nottingham and the county, from leased suburban offices with 14 staff. Turnover has fallen each year from £1.44m to £1.25m, and EBITDA from £204k to £169k, a margin close to 14%. A buyer should understand which clients have left and why before committing. The asking price is £875k, against net assets of £365k. The team and systems could support more clients without much extra cost.
Key investment highlights
- EBITDA of £169k
- Team of 14
- Leased suburban offices
- Asking price of £875k
Reason for sale
The accountancy practice that owns it is selling to concentrate on audit and tax work.
Read this before you enquire
MaterialRevenue 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 directionMaterial
Turnover has fallen in each of the last 4 years, most recently by -2.5%.
- 2022: baseline
- 2023 (-4.0%)
- 2024 (-2.0%)
- 2025 (-5.5%)
- 2026 (-2.5%)
- Peak 2022 to latest 2026: -13.4%
5 years of turnover, 2022 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.
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.