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Online Payroll Bureau With A Remote Team Based Around Swansea
Swansea, Swansea, WalesIdentity protected
Available
About this business
A payroll bureau running weekly and monthly payroll, pension submissions and year-end returns for small and medium employers, entirely online with no office premises. The team of 16 works remotely around Swansea, and the business has traded since 2020. Sales have increased annually from £1.21m to £1.4m, but EBITDA has fallen from £212k to £154k as costs have risen, leaving a margin of about 11%. Because there are no premises, the business can be run from anywhere. A buyer should review pricing, which has not kept pace with costs.
Key investment highlights
- Online only, no premises to take on
- Turnover up 16% since 2021
- Team of 16
- Net assets of £661k
Reason for sale
The founder is selling to join a larger accountancy firm as a partner.
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 is flat year on year.
- 2021: baseline
- 2022 (+2.1%)
- 2023 (+2.8%)
- 2024 (+5.6%)
- 2025 (+3.1%)
- 2026 (+1.7%)
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 narrowed from 17.6% in 2021 to 11.0% 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.