New Refinery for Established Precious Metals Trader | UK/Cyprus - IPM

The core business of IPM, is trading, storage, and refining of precious metals, with its focus on gold. IPM is incorporated in the UK with a sister company in Cyprus for efficient tax structuring and logistics efficiencies. IPM partners with two main refineries, in Belgium and England and is building its own facility, now under construction, in Cyprus which will be commissioned by end 3d quarter 2022. IPM sources gold from clients internationally, from both miners and traders. IPM provides integrated solutions from source to end buyer covering logistics, insurance, security, assaying, vaulting, purchase, and sales. To date, IPM has access to annual feedstock of more than 40 metric tons and is looking to increase this volume considerably once it has its own processing infrastructure. IPM is seeking to raise £50m to complete its friendly acquisition of its UK partner (est 1967) and to complete the construction of its own facility in Cyprus in the Eastern Mediterranean. IPM has invested $4.75M (GBP) to date into the project. Additionally, IPM has agreed the full 100% friendly buyout / acquisition of its UK partner. This is a fully operational and accredited "trophy" precious metals refinery, with a targeted closing by end 4th quarter 2021.
GBP Year 1 Year 2 Year 3 Year 4 Year 5
Turnover
1,087,129,000
1,629,031,000
2,272,033,000
2,494,518,000
3,137,461,000
EBITDA
22,314,000
47,192,000
76,624,000
86,665,000
115,982,000
%
2.1
2.9
3.4
3.5
3.7
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