Manufacturer of Ground Support Equipment and Aircraft Production Tooling for Sale

Reference Number: HFS286

Location: South East England

Turnover: £1.2m

Status: SOLD

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Business Summary

  • Opportunity to acquire a 70-year-old family business which manufactures and supplies ground support equipment and aircraft production tooling to the aviation industry and military.
  • Specialising in design and manufacture, the company has been supplying the UK’s Ministry of Defence for over 60 years and other major aircraft manufacturers and aircraft operations for over 50.
  • The company is located in the South East of England in a prime location close to motorway networks and a major airport.
  • With extensive knowledge and experience of sector, the company has established a strong range of reliable products and solid contractual links with its client base. In addition, it designs bespoke products for its clients which it owns or share-owns.
  • The company’s financial performance reflects the need to drive sales and marketing to build on a strong core performance.
  • The business could successfully expand into the commercial aircraft manufacturing and operating sectors.
  • There is scope to considerably develop the ‘spares and repairs’ arm of the business.
  • Existing products could be extensively marketed to customers in Europe and Worldwide.
  • The company is ISO 9001 accredited. All products carry the CE Mark and a 12-month warranty (minimum).
  • The sale offers an outstanding opportunity as a bolt-on opportunity for a company looking to break into the military aircraft industry sector or expand their existing operations.

Products & Services

The core business is designing and building products to a client’s bespoke requirements.

In addition, they sell their own range of ‘off-the-peg’ ground support equipment and aircraft tooling products including:

  • Aircraft Maintenance Jacks and Wheel-Change Jacks
  • Tow-bars
  • Tyre Inflation Kits
  • Charging Regulators
  • General Purpose Aircraft Chocks
  • Oxygen and Nitrogen Charging Trolleys

Services include:

  • Sales and product advice
  • Replacement parts and spares
  • Repair of equipment.

Premises

  • Freehold.
  • 33,000 sq. ft. of land including offices, factory, store-room and car-parking.
  • The vendors are open to including the purchase of the freehold within the sale.  A property investor may wish to acquire the premises for redevelopment whilst an engineering-focused buyer may wish to acquire the trading business alone.

Employees

  • In addition to the vendor, there is a full time Operations Manager who runs the business day to day, 2 managers, 2 administration staff and 7 operatives (2 of whom are sub-contracted).
  • A part-time Design Manager oversees the design facility.

Reason for sale

  • The vendor is in his seventies and wishes to retire. No family member is available to take on the business.

Financial overview

Year ending 31th July2013201420152016 Forecast
Sales revenue£1,878,758£1,648,308£1,447,784£1,200,000
Gross profit£517,021£506,388£484,226 
Percentage28%31%33% 
Adjusted EBITDA£301,232£281,483£268,087£200,000
Percentage16%17%19%17%

SOLD

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