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the UK marketplace for company sales

Electrical components for the automotive sector

Reference
S7517
Turnover
£2m to £5m
Sector(s)
Retail & wholesale
Region(s)
UK Wide, Outside UK
Added
23 February 2021

Business description

Operating since 1992, the company is a supplier of electrical components for the automotive market, offering a diverse product range which includes electrical conduits, fittings, connectors and interfaces, as well as complex wiring harness protection.

A second company, which handles international sales across more than 30 countries, including India, France and Egypt, will also be included in the sale. 

The company has built up relationships with over 190 clients worldwide, 90% of whom provide regular repeat business on a regular basis. 

Over its years of operation, the company has developed excellent relationships with many blue-chip clients, some of which have spanned over 25 years. 

Our Clients are offering the company for sale due to the retirement plans of the majority Shareholders.

Highlights

  • Well-regarded within its industry for the provision of high-quality products and excellent lead times. 
  • Strong second-tier management team, including three Shareholders who will remain with the company, post-sale. 
  • Operates from leasehold premises based in Yorkshire. The premises are owned by the Shareholders and may be included in the sale, subject to a buyer’s preference and the deal structure presented. 
  • Has recently started to operate an e-commerce operation which could be expanded to generate additional growth. 
  • Other opportunities for expansion in the EV market, as well as from increased recruitment and marketing activity.

Financials

  • Turnover of £3.1m in YE20.
  • Achieved an adjusted EBITDA of £520k in the same year. 
  • Shareholder funds increasing year-on-year, exceeding £2m since YE18.
  • YE19 turnover more reflective of normalised pre-Covid trading, with turnover of £4,1m and adjusted EBITDA of £875k.

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