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Deal Opportunities.co.uk

the UK marketplace for company sales

Electrical contracting

Reference
S6639
Turnover
£5m to £10m
Sector(s)
Construction, Miscellaneous, Service industries
Region(s)
London
Added
28 November 2019

Business description

The company is an electrical contracting business, specialising in fit-outs and electrical installations.

Services include health and safety audits, installation of feature lighting and project management.

The owners are offering the business for sale as they feel that the time is right to alleviate responsibility to a new buyer. The Directors have advised that they would be willing to remain within the company following a sale, should this be required.

Highlights

  • FY18 generated a turnover of £6.7m with an EBIT of £535k.
  • The company is primarily focused on high-end fit-outs within London, concentrating on hotels, restaurants, residential building and offices.
  • In 2016 the business secured its largest one-off project to date at £2m.
  • NICEIC registered company.
  • Preferred contractor status with blue-chip operators within the industry.
  • Company operates from the centre of London.
  • Operating within a £2bn industry for electrical installation and fit-outs with a market for electrical installations due to grow by 23% by 2019.
  • Credit accounts held with a number of electrical wholesalers.
  • Team of 40 sub-contracted staff available for large-scale projects.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2015 (Actual) 3,246 327
2016 (Actual) 5,769 301
2017 (Actual) 3,640 475
2018 (Actual) 6,703 535

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