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Land Promotion Company With Freehold Offices In Preston
Preston, Lancashire, North WestIdentity protected
Available
About this business
A land promotion company in suburban Preston, active since 2003 and working from freehold offices included in the sale. It partners with farmers and other landowners to promote sites for housing and sells them to developers once ready. Income has fallen over the last six years, from £5.83m in 2021 to £4.65m, and EBITDA from £474k to £351k, as fewer sites reached sale. A team of 9 handles land buying, planning and project management. A buyer with fresh capital could rebuild the pipeline using the existing team and contacts.
Key investment highlights
- Freehold offices in Preston
- Team of 9
- Trading since 2003
- Asking price of £2.5m
Reason for sale
The founder is stepping back to concentrate on a family estate.
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 is -20.2% against its 2021 peak.
- 2021: baseline
- 2022 (-5.5%)
- 2023 (-2.4%)
- 2024 (-6.2%)
- 2025 (-4.8%)
- 2026 (-3.1%)
- Peak 2021 to latest 2026: -20.2%
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.
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.