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the UK marketplace for company sales

Commercial flooring contractor

Reference
S7471
Turnover
£2m to £5m
Sector(s)
Construction
Region(s)
London
Added
04 February 2021

Business description

  • The Company is an independent commercial flooring contractor based on the outskirts of London with access to the lucrative London and South East construction and contracting market.
  • The Company has been established for over 50 years and is one of the most experienced and highly regarded commercial carpet and flooring contractors in South East England.  The current shareholders are looking to sell the shares in the Company as part of their retirement planning.  
  • The Company is profitable and cash generative and has maintained profit and cash generation at consistent levels throughout including in FY20 despite Covid-19 pandemic. 
  • The Company largely works on flooring contracts procured via main contractors.  Most of that business is won as a result of successful tender processes. The Company has worked with these main contractors for many years building up a consistent income stream with them year on year.
  • Financial results and cash flow are strong and the Company maintains a healthy gross profit margin. The Company has a healthy order book and pipeline for FY21.

Financials

The 2020 numbers are draft.

Reason for sale

  • The shareholders are selling as part of their longer term retirement planning but would be available to conduct an orderly handover to a new owner.

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