Metal Fabrication, Mechanical & Civil Engineering Contractor

Reference Number: HIH204

Location: South Coast UK

Turnover: £3.7m

Status: Offers Invited

Outstanding opportunity to acquire a full service mechanical and civil engineering contractor with a loyal and diverse customer base, a growing order book, operating in market segments underpinned by resilient growth drivers demonstrating rapidly increasing demand.

The company offers a full service package, with the ability to deliver projects from design and fabrication to civil engineering and installation, and a reputation for quality, initiative and timely service delivery.

With projects carried out across the UK, the company has a highly desirable client base of blue-chip companies spanning commercial building construction, shop fitting, aggregates supply and civil engineering plant companies.

The sale offers an outstanding acquisition opportunity for other engineering or construction companies and/or investors looking for a reliable business already generating strong returns and poised for rapid earnings growth and revenue streams.

Highlights

  • Services: Construction, metal fabrication, mechanical assembly & repair, supply of structural steels, design and installation.
  • Provides turnkey solutions on a sub-contracted or main-contractor basis.
  • Based on South Coast. Operates across the UK.
  • Project include: Commercial property construction, Shop fitting for retail and leisure sectors, Civil engineering plant fabrication, construction and maintenance and Power flooring and brush finished flooring.
  • High level of repeat business, accounting for over 75% of revenue.
  • Loyal and highly skilled team of engineers in an established organisational structure.
  • Consistent investment in new equipment and a proactive approach to training.
  • Fully equipped industrial facilities, capable of fabricating steel structures on-site.
  • Employees: 4 directors and 30 members of staff.
  • Freehold premises: 10,556 sq.ft (7,307 sq.ft operations + 3,249 sq.ft. offices).

Financial overview

  • The forecast for the next financial year, to 30th June 2019 is in excess of £4.25m.
  • Directors’ replacement costs are accounted for within the Adjusted EBITDA
YE 30th June 2015 2016 2017 2018 2019
Forecast
Sales revenue £946,473 £1,875,060 £3,057,461 £3,699,669 £4,250,000
Gross profit £328,814 £583,659 £999,627 £1,161,100 £1,300,000
Percentage 35% 31% 33% 31% 31%
Adjusted EBITDA £63,486 £182,605 £330,465 £442,694 £462,100
Percentage 7% 10% 11% 12% 11%
Offers Invited

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