A Managing Director (MD/CE0) is sought to lead a Management Buy-In (MBI) with a background in telecommunications and/or security products.

The Company, based in the Midlands, both manufactures and distributes its own product range of voice & data cables with a strong brand name. It has been trading for 18 years, with current sales of £4m, net assets of £1.5m and is highly profitable (circa £700k EBITDA), with strong cash generation.

The exiting shareholder holds 100% of the equity and is happy to support the MBI team during a transition period, as required. This could possibly include retaining a minority shareholding for a defined period.

1. The Company & the Product:

• The Company has a strong brand name and has been trading for 18 years.
• The Company designs, manufactures and distributes voice and data cables and other related products in the Midlands area.
• The Company’s key attributes are as follows:
- Making circa £700k adjusted EBITDA on £4 million turnover in the current fiscal year;
- Ability to manufacture and deliver to tight timescales;
- Around 250 active customer accounts and a further 600 currently inactive accounts;
- Longstanding management team with sound knowledge of importing, sales and distribution;
- No minimum order constraints unlike overseas competitors;
- Strong balance sheet with a net asset base of £1.5 million;
- Limited UK based manufacturing competition;
- Additional manufacturing capacity in place for future growth;

2. Managing Director Requirements:

• You will have a strong track record in the telecommunications and/or security products markets.
• You will be able to lead the MBI team through the acquisition process and provide sufficient equity to secure leveraged debt funding for the transaction. First Flight are able to assist in securing leveraged debt finance.
• An Information Memorandum is available but we will require a signed Self–Certification Statement or High Net Worth/Sophisticated Investor form in order to comply with the current Financial Services and Markets Act (Financial Promotion) Order 2005 (FSA) legislation plus our MBI Agreement form. The vendor’s advisors will require their NDA to be signed before releasing the IM. If you have not already signed these forms we will email them to you.

N.B. This specification should not be considered as a recommendation by the Shareholders, the Company or any of their respective subsidiaries, affiliates, representatives, partners, directors, officers, employees, advisers or agents to acquire the shares in the Company, and recipients interested in buying shares in the Company are recommended to seek their own independent financial, legal and other advice.