Project Ricken operates in the South East as a designer and manufacturer for clients, offering services for marine engineering, structural engineering and infrastructure projects for over 20 years. This includes pipework, structural steel and marine engineering projects. Installations are completed by the company’s installers.
In addition to the above, the business retails consumables and operates a scrap metal facility. The business is well-established with a base of c.20 active clients and c130 clients in total.
It directly employs over 20 staff with 12 subcontractors. This includes a strong second tier management structure.
Turnover for year-end December 2024 was £5.68m, up from £4m in 2023, with an adjusted EBITDA in excess of £380k, up from £320k in 2023.
Operating across six units, this is available as a leasehold opportunity with a combined rent per annum of £100k and an expiration date in 2028.
| Turnover (£'000) | Adjusted EBITDA (£'000) | |
|---|---|---|
| 2024 (Actual) | 5,680 | 380 |
Client looking to retire
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