The company offers a complete range of engineering services to a wide variety of industries which includes steel, cement, coal, chemical, rail, foundries, quarrying, power generation, renewable energy and waterways. Extensive experience has been gained in the last ten years in the supply of bespoke steelwork to the civil engineering sector in the UK, and a fully integrated service offering provides a convenient ‘one stop shop’ for clients, saving time, effort and cost. The company has many loyal and long standing customers, often benefitting from repeat custom and referral work due to their reputation in the industry for a high quality and bespoke service.
Despite disruptions due to the pandemic, the business has still continued to perform well in recent years and has shown strong growth in last two financial years in particular, with a strong order book in the pipeline.
The business operates out of its production facility, in Yorkshire, spanning over 50,000 sq. ft. together with a further 2.5 acres of uncovered area, which is leased from the current shareholders. Capital expenditure in recent years has increased productivity and more importantly, quality, and has propelled the company to the forefront of manufacturing in the region. A wide variety of skilled tradespeople are employed, enabling the business to engage on all aspects of a project, from initial design, to manufacture, installation and on-site commissioning. The trades employed include (but are not limited to): platers, welders, erectors, turners, millers, fitters, profile operators, painters, labourers, saw operators, and drillers. A large proportion of its current labour force have been trained in house. The business boasts one of the most skilled workforces in the industry.
| Turnover (£'000) | Adjusted EBITDA (£'000) | |
|---|---|---|
| 2020 (Actual) | 6,401 | 1,110 |
| 2021 (Actual) | 6,263 | 1,074 |
| 2022 (Actual) | 9,278 | 1,531 |
| 2023 (Actual) | 12,501 | 3,432 |
The shareholders are looking to retire and disengage from the business following an agreed handover period.
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