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the UK marketplace for company sales

Automotive recruitment

Reference
S6068
Turnover
£5m to £10m
Sector(s)
Recruitment
Region(s)
UK Wide, Outside UK
Added
13 March 2019

Business description

The company specialises in providing skilled MOT Testers and Vehicle Technicians, both temporary and permanent, to the motor industry.

As an award-winning business, the Company has established a strong position within its sector, maintaining long-standing relationships with a number of major blue-chip organisations including BMW, VWand Ford.

The shareholders are now offering the business for sale as part of their retirement plans and are willing to support the new owner for a handover period post-sale, subject to negotiations.

Offers invited.

Highlights

  • Offers a comprehensive service, with a division of the business dedicated to training and apprenticeships.
  • Strong second-tier management team able to manage the day-to-day operations of the business.
  • Long-standing client relationships in place, with some in place since inception.
  • Winner of several prestigious awards.
  • High staff retention and highly skilled and experienced team.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2015 (Actual) 3,475 276
2016 (Actual) 3,902 318
2017 (Actual) 4,757 270
2018 (Actual) 6,890 594
2019 (Forecast) 9,178 937

  • YE18 turnover of £6.8m, with adjusted EBITDA of £594k.
  • YE19 projected turnover of £9.1m, with adjusted EBITDA of £937k.
  • Demonstrating consistent growth with turnover increasing year-on-year.
  • Gross profit margins of circa 30%, against an industry average of 18-21% for a contract recruitment business.

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