Hydro Demolition, Drainage and Civil Works Company for Sale

Reference Number: HEM337

Location: North of England

Turnover: £2.8m

Status: Offers Invited

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Business Summary

  • 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 30th11/12*12/1313/1414/15
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
Percentage39%41%43%44%
EBITDA£338,948£327,609£444,323£523,958
Percentage12%13%18%18%

* Note – 2011-12 was an 18-month accounting period.

Offers Invited

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