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