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Deal Opportunities.co.uk

the UK marketplace for company sales

Engineering & construction - energy markets

Reference
S7243
Turnover
£2m to £5m
Sector(s)
Business services, Construction, Engineering, Miscellaneous
Region(s)
UK Wide
Added
05 October 2020

Business description

The company specialises in the provision of turnkey engineering and construction services, primarily focusing on brownfield life extension campaigns and associated engineering requirements, for clients in the energy sectors. 

Working closely with its clients, the company utilises a highly experienced team and operates a lean, transparent business model to provide the most efficient and cost-effective services possible, operating flexibly around its clients’ diverse requirements to provide expert solutions.

The company has implemented an effective business model, with its focused processes and management structure, as well as its continued commitment to streamlining and evolving operations, resulting in high net margins.

Many of the company’s largest, longest-standing clients are well-established and respected blue-chip organisations, which has enabled the business to quickly establish a strong reputation in its industry as a trusted supplier, whilst benefiting from a continual stream of reliable, repeat revenue.

Having rapidly established a strong and successful business, our clients are now offering the company for sale as they wish to pursue alternative, unrelated ventures.

Highlights

  • Provides turnkey engineering and construction packages, which can
    incorporate all elements of fabrication, construction and decommissioning, and can be catered to suit the diverse needs of clients’ specialist projects. 
  • A highly accredited company, holding ISO 9001, 14001 and 18001 certifications and full IRATA operator membership. 
  • Benefits from robust cloud-based management systems, with quality documentation and project controls. 
  • Operating on a national basis, the company predominantly executes projects for Tier 1 clients in the oil and gas, petrochemical and renewables sectors, benefitting from a multitude of strong, long-standing client relationships. 
  • Skilled and highly experienced management team in place, ensuring that the company maintains a wealth of in-house expertise. 
  • Operates from ideally located leasehold premises based in Scotland.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2019 (Actual) 492 9
2020 (Actual) 2,186 926
2021 (Forecast) 2,099 520
2022 (Forecast) 3,399 1,161
2023 (Forecast) 4,514 1,983
  • Achieved turnover of circa £2.2 million in YE20, with an EBITDA of £925k.
  • Turnover is projected to increase consistently over the coming years, reaching £4.5 million by YE23, with an EBITDA in excess of £1.9 million. 
  • By operating with a lean structure, the company has been able to maintain strong profit margins, with gross and net profit margins of 66% and 42%, respectively, in YE20. 
  • Future revenue is secure, with the company having already secured places on a number of prestigious, high-value projects, with a pipeline of ongoing and upcoming works valued at circa £9.5 million across the next three years.

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