Electronics Assembly & Component Distributor

Reference Number: HJH157

Location: South of England

Turnover: £3.8m

Status: Offers Invited

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Electronics Assembly & Component Distributor

Executive Summary

A unique opportunity has arisen to acquire a successful UK based distributor of electronic components, providing a range of products, contract manufacturing services and support for a varied and thriving customer base. This well-established business is based in the South of England.

The company offers a comprehensive range of services and support, serving its clients across key categories; from electronic component distribution, contract manufacturing, inventory management, design, customer support and aftercare services.

In the financial year to March 2019 the company turnover was c.£4m with adjusted EBITDA of £853k. Forecast EBITDA to March 2020 is £885k.

Since inception, the company has built a loyal and long-standing customer base throughout the UK, across a range of industries, including Automotive, Aviation, Power Management providers and Security and Defence clients. Client relationships are governed by standard, well-established terms in place, ensuring a reliable pipeline of ongoing business at a sustainable level.

The company’s Quality Management System (QMS) meets the requirements of AS9120A, reflecting a robust approach to the selection of carefully sourced suppliers and performance monitoring.

The company benefits from a range of industry recognised accreditations and quality standards including EN9120:2016 (AS9120B), ISO9001:2015, ISO14001:2015 and ISO18001:2007 which are audited and certified annually by The British Standards Institute.

The company has exceptionally strong second tier management with a long-standing Operations Director who is responsible for the day to day running of all operational aspects of the company and also a Quality/Operations Manager and Finance Manager.

 

Highlights

  • 30 year trading history, extensive range of products and services
  • Highly profitable with £877k adjusted EBITDA (21%) in last financial year
  • Significant recent sustainable growth
  • Industry recognised accreditations and memberships
  • Client base across the Automotive, Aviation, Security and Defence sectors
  • Certified annually by the British Standards Institute
  • Solid and sustainable business pipeline
  • Strong second tier management team led by long standing Operations Director

 

Financial overview

Y/E: 31st March 2016 2017 2018 2019 2020(F/C)
Sales revenue £1,898,075 £2,300,761 £2,225,728 £4,085,430 £3,800,974
Gross profit £669,345 £779,719 £629,034 £1,443,796 £1,278,165
Percentage 35% 34% 28% 35% 34%
Adjusted EBITDA £62,482 £324,579 £148,173 £853,078 £885,311
Percentage 3% 14% 7% 21% 23%
Offers Invited

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