Above and below water asset inspections

Reference

S12673

Turnover

£2m to £5m

Sector(s)

Engineering, Service industries, Technology

Region(s)

South West England

Added

09 July 2025

Business description

The company is a specialist provider of high-definition above and below water asset inspections with a long history in coastal seabed surveys.
Driven by innovation, the business invests heavily in research and development to remain at the forefront of the industry. This commitment is demonstrated through the design and build of its own proprietary data acquisition platforms, including uncrewed surface vessels (USVs) developed specifically for inland high-resolution 3D asset inspections – unique within the sector.
To deliver its advanced survey solutions, the company integrates cutting-edge sonar and laser technology, multibeam echo sounders, ROV-mounted sensors, and its in-house engineered USVs. These systems enable precise, efficient, and safe data collection, setting new industry benchmarks in 3D data acquisition and visualisation.
Since its inception, the company has established a strong reputation as a market leader through continuous innovation and technical excellence. Our clients are now offering the business for sale to support the next phase of growth under new ownership. Both directors have confirmed their willingness to remain with the company post-sale, ensuring continuity, leadership, and ongoing innovation.
Offers invited.

Highlights

• Works with 14 large organisations, most of which provide reliable repeat business.
  
• Obtained long-term contracts with two notable companies for ongoing maintenance work, which account for 20% of overall turnover.
  
• Secured preferred supplier status with a number of Tier 1 contractors within the rail industry.
  
• Projects are based throughout the UK, with additional surveys conducted internationally.
  
• Currently engaged in several projects, including a shipwreck survey campaign in the Pacific and a large bridge survey campaign in the UK due to commence in July 2025.
  
• Strong research and development focus, with proprietary data acquisition platforms and industry-unique USVs built in-house for high-resolution 3D asset inspections.
  
• Benefits from a wealth of in-house knowledge in CAD, GIS, drone piloting, and underwater data collection.
  
• Operates from leasehold premises.

Financials

	Turnover (£'000)	Adjusted EBITDA (£'000)
2023 (Actual)	2,708	814
2024 (Actual)	1,382	399
2025 (Actual)	2,298	701

• Generated a turnover of circa £2.3m in YE25, with an adjusted EBITDA of £701k.
  
• Set to receive work from a reliable client to a value of £925k, matching the value of work undertaken in YE24.
  
• Secured £192k in research and development grant funding to develop a towed sonar array for cost-effective deep-water multibeam surveys.

Opportunities

Prospective purchasers