Business Offered for Sale: Electronic Network Component Distributor

Sector
Turnover
Location
Electronics £3.4m Hove, England.
NOTICE: THE ADMINISTRATORS ARE IN RECEIPT OF AN OFFER FOR THIS BUSINESS WHICH IS CAPABLE OF BEING ACCEPTED, EXPRESSIONS OF INTEREST SHOULD THEREFORE BE MADE IMMEDIATELY, IT IS ANTICIPATED THAT THE OFFER RECEIVED WILL BE ACCEPTED IN EARLY COURSE.

 

Adaptive Modules Limited (in Administration)

“Adaptive/the Company”

The Administrators are pleased to offer the opportunity to purchase the business and/or assets of Adaptive Modules Limited (in Administration).

Overview

  •  Incorporated in 2001, Adaptive is an electronic network component distributor based in Hove.
  • Specialising in internet-related components ( cellular routers, modems and modules, antennas, sensors, data SIM cards, 2G to 5G solutions, fixed IP SIM cards, Bluetooth devices, remote monitoring, radio modules, networking etc).
  • Wireless and cellular services from ready-made solutions to conceptual design.
  • Support services, with a dedicated team.

Business

  • UK and European customers.
  • CR and RED certifications. Quality accreditations (ISO14001, ISO045001, ISO27001 and ISO9001.
  • Financials: turnover £3.4M, gross profit £778k, net profit after tax £220k; turnover £3.4M, gross profit £1.02M, net profit after tax £548k (years ended 30.11.2020 and 30.11.2019 respectively).
  • Presence in machine-to-machine (“M2M”) market allows M2M products and design.

Employees

  • 9 employees

Leases

  • Trading premises comprised of two offices on the same road – two leasing agreements (5 year term from 26.02.2018, rent passing £26,500 per annum and 2 year tenancy from 01.04.2021, rent passing £2,152 per month).

Assets

  • Stock (listing available on request).
  • Office furniture and equipment.
  • Goodwill and IPR.
  • Order book – value £1.2M

 

Important Notice: This document contains information supplied by Company personnel. Neither Harrisons Business Recovery & Insolvency (London) Limited (“Harrisons”)/ Begbies Traynor ( “Begbies”) nor the Administrators provide any warranties or indemnities in respect of this information.

Contact: Interested parties should contact Harrisons immediately on [email protected] and sign a Non-Disclosure Agreement to register their interest.

The Administrators act as agents of the Company and without personal liability.  The affairs, business and property of the Company are being managed by the Administrators, Anthony Murphy, Paul Boyle and Lloyd Biscoe.

 

Published: 23rd March 2022.