Begbies Traynor Group

Asset Acquisition Opportunity

An opportunity to acquire the assets of an online promoter of pay-to-enter competitions and prize draws.

Opportunity

  • The Company is a promoter of pay-to-enter competitions and prize draws.
  • The business was incorporated in 2023 and experienced rapid growth with revenue of c.£24m generated in less than 2 years.
  • Large social media presence with c.140,000 followers across various platforms.
  • Approximately 100,000 registered account holders to company App and website.
  • Intellectual property includes trademark, social media handles, App, website and customer data.
  • Physical assets include motor vehicle and IT equipment

Key Highlights

  • The unaudited draft accounts We have received draft accounts indicating for the 11-month period ending
  • February 2025 indicate turnover of £14m. Turnover in Year 1 was c.£10m.
  • The Company ran competitions with a stated profit margin of between 30-50%.
  • Trading activities described as falling within exemptions included within Gambling Act 2005

Expressions of Interest

Interested parties will be required to sign a confidentiality undertaking. Expressions of interest are requested by 12noon on 6 May 2025.

For Further Information


Further information is available upon completion and return of a Non-Disclosure Agreement (NDA), which is available on request.

Enquires should be directed in the first instance to:

Carl Lever
E: [email protected]
T: 0113 244 0044

Contact Begbies Traynor Group

Reason for Contact