Construction Site Hoarding and Fencing Company for Sale

Reference Number: HFH089

Location: London, UK

Turnover: £1.3m

Status: Offers Invited

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Business Summary

  • Highly successful provider of construction site hoarding and fencing.
  • Based in London with clients’ sites predominantly in London.
  • On the Approved Contractor list of several high-profile construction companies.
  • Highly loyal client base, the company having worked with each of the top 5 clients for over 10 years.
  • Hoarding supplier for over a dozen construction sites on projects which are set to continue for another 1 to 9 years, thus providing comfort in the sustainability of the business going forward.
  • The business has exceptionally high client retention rates.
  • All staff are CS Card Accredited.
  • Strong team in place with succession plan for operations management.
  • The business would be of particular interest to other construction site services companies that are looking for a strategic acquisition to add to their portfolio and could make significant synergy savings.
  • Such companies may include ground works contractors, signage and printing companies.

Products and Services

  • Hoarding and fencing design and construction
  • Foundation, groundworks and pavements

Employees

  • Managing Director (Vendor), Operations Manager (Vendor) and 14 full/part time staff

Premises

  • Office and storage yard in South West London.
  • Rent & Rates: £16,000.

Reason for sale

  • Retirement of the two vendors.

Financial overview

Year ending 30th Sept2012-132013-142014-152015-16
Sales revenue£969,808£1,136,742£1,361,468£1,243,308
Gross profit£152,775£169,013£166,235£137,115
Percentage16%15%12%11%
Adjusted EBITDA£52,355£75,455£72,875£37,384
Percentage5%7%5%3%

 

  • Adjusted EBITDA is after having accounted for the vendors replacement cost.
  • Synergy savings of £16k to £33k are possible for a trade buyer.
  • Revenue and demand remains strong despite the reduced profits in 2015-16; a focus on operational efficiencies will reduce the labour and equipment costs and enable EBITDA of at least £75k going forward.
Offers invited

 

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