The company provides access mats to support construction, civil engineering, and infrastructure projects nationwide, generating revenue from the sale and hire of its products, with additional income created by reselling used or damaged stock.
The business’s products minimise disruption on construction and civil engineering sites, reducing the impact of unsuitable ground conditions on plant and labour costs. They are often required at short notice, making efficient delivery necessary. The company is able to provide this because of its excellent supplier network and a stockholding of over 5,000 items at its depot.
The strength of the company’s relationships with leading blue-chip contractors and its industry-wide reputation complements its network of supplier relationships perfectly, enabling the business to offer competitive pricing and secure major contracts. As such, the company has developed a prominent position within the market, which would be difficult for a new entrant to the market to replicate.
The company is being offered for sale to facilitate the shareholders’ exit from the business. Offers invited.
| Turnover (£'000) | Adjusted EBITDA (£'000) | |
|---|---|---|
| 2022 (Actual) | 3,698 | 1,293 |
| 2023 (Actual) | 4,210 | 1,625 |
| 2024 (Actual) | 6,721 | 2,213 |
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