Plant Maintenance, Civil Engineering & Fabrication Company SOLD

Reference Number: HB0318

Location:

Turnover: £2m

Status: SOLD

Business overview

– An outstanding opportunity to acquire a highly profitable and growing Plant Maintenance, Civil Engineering and Fabrication Company.

– The company has developed niche market in the area of aggregate and civil engineering plant repair, maintenance and installation. Its top clients are all blue-chip companies in the aggregates and civil engineering markets.

– Off the back of this, the company offers metal fabrication expertise and capability and groundwork preparation for the plant installations.

– The company has also designed and developed products for the construction industry, for which it has created a high level of demand.

– The business has sales, financial and projects systems and a management team in place that enables operations to run day-to-day without the direct involvement of the vendor.

– Despite a minor dip in sales during 2008-09, the business has delivered steady growth in revenue and profits over the last 5 years. Sales have increased by 30% in two of the last 5 years and 13% in the last year to October 2011.

- Circa 90% of the business is recurrent work from the existing client base, which leaves significant potential for the new buyer to expand the business through re-invigorated marketing.

- The company operates from one location the on the South CoastUK.

Products and Services

  • Plant maintenance and repair
  • Plant installation and erection
  • Plant Dismantling
  • Civil engineering and groundwork preparation
  • Workshop fabrication and specialist welding
  • Onsite fabrication, installation and erection

Employees:

– 1 director + 18 staff including 1 commercial manager, 1 operations manager and 1 sales executive

– The company puts an emphasis on staff training and health and safety and is “Safe Contractor Approved”

Premises:

– Leasehold premises onSouth CoastUK

Reason for sale:

– To allow the director to focus on other unrelated projects.

Financial overview

Year ending 31st October

2006-07

2007-08

2008-09

2009-10

2010-11

Sales revenue

£1,095,119

£1,424,218

£1,324,269

£1,753,962

£1,988,178

Gross profit

£751,019

£988,973

£898,149

£1,035,802

£1,140,590

Percentage

69%

69%

68%

59%

57%

Adjusted EBITDA

£122,470

£168,408

£134,806

£269,322

£256,352

Percentage

11%

12%

10%

15%

13%

The adjusted EBITDA is after having deducted the cost of replacing the director.

SOLD

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