Hydro Demolition, Drainage and Civil Works Company for Sale
- Outstanding opportunity to acquire a highly established specialist in hydro demolition, drainage and civil works based in the North of England.
- Comprehensive capabilities for drainage and civil engineering works and expert hydro demolition capabilities covering both hand lance and robotic systems.
- Long standing contracts with Blue Chip companies and Public Sector bodies.
- Consistent financial performance even through the recent adverse trading conditions.
- In the financial year to September 2015, the company achieved revenues of c.£2.8m and an adjusted EBITDA of c.£524k (18%).
- Significant growth potential.
- Regularly winning new contracts.
- Highly accredited company with an excellent safety record.
- Experienced and highly knowledgeable team working under a strong management structure.
Services
- Hydro demolition Concrete Removal
- Concrete Scabbing
- Ultra High-Pressure Surface Preparation
- Industrial Cleaning: Tube Bundles, Process Pipework, Heat Exchangers
- 24 Hour Emergency Drainage Call Out Service
- Drain and Sewer Repairs, Cleaning and Relining
- CCTV Inspection & Reporting
- Dig Up & Rehabilitation of Existing Drainage Systems
- New Drainage System Installations
- Brickwork, Block-paving, Tarmacing & Concreting
Employees
- The company has a strong team of qualified and highly experienced employees and key managers capable of operating a work site independent of any directors.
Premises
- The Company operates from leasehold premises in the North West of England for a total annual cost of £21,700
- A second leasehold property in the North East, is used for plant and equipment storage at a rate of £4,400 per annum.
- There is complete flexibility within the leases to give early notice if required.
Reason for sale
- The Vendors are offering the Company for sale as two of the three Directors wish to retire. The third director is open to being retained by the Company post sale.
- All three are prepared to remain with the Company for a required handover period.
Financial overview
| YE: September 30th | 11/12* | 12/13 | 13/14 | 14/15 |
| Sales revenue | £2,869,582 | £2,507,625 | £2,501,614 | £2,844,018 |
| Gross Profit | £1,112,602 | £1,028,540 | £1,074,071 | £1,252,799 |
| Percentage | 39% | 41% | 43% | 44% |
| EBITDA | £338,948 | £327,609 | £444,323 | £523,958 |
| Percentage | 12% | 13% | 18% | 18% |
* Note - 2011-12 was an 18-month accounting period.
