An established business providing electrical and mechanical services, extending from routine maintenance to major installations, typically to clients in the aggregates sector is being marketed for sale. It focuses on the larger corporate client and this policy is reflected in a client list typical of a much larger organisation.
The business is located outside Edinburgh employing a combination of fulltime staff and subcontractors as required.
The business has a bedrock of routine maintenance, support work and small upgrades / installation projects while additionally completing significant installation projects that can on occasion take annual revenues significantly beyond the £1M mark.
While the business has predominantly focused on the aggregates sector, waste recycling is a segment continuing to enjoy significant growth and the material movement and handling lends itself well to the company’s skills. Offshore renewables represents further opportunity and the business could be developed into a broader facilities management company.
The Guide Price sought by the Vendors for 100% of the shares of the company is £400,000 to be sold on a debt free, cash free basis. The business would be an attractive bolt-on acquisition for larger trade buyers, would integrate into a broader facilities management operation or would suit individuals seeking a robust standalone business in the electrical and mechanical engineering sector.
|Turnover (£'000)||Adjusted EBITDA (£'000)|
Covid-19 has led to a deferral of major installations, which has impacted performance short-term but will result on strong demand in the medium term.
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