the UK marketplace for company sales

Heating contractor

£1m to £2m
Construction, Engineering, Service industries
South West England
22 March 2024

Business description

The company provides reactive and preventative maintenance on domestic heating systems, supporting homeowners on behalf of their heating insurance providers. Clients are attended within 24 hours of the initial call-out, with the company aiming to complete all work on the first visit. Boiler care plans are also provided. The company operates across Cornwall, Devon, and Somerset, and provides its service offering for the domestic clients of 10 national heating providers. Whilst over 90% of sales are generated from insurance contracts, the company also provides its services to some private domestic clients. 6% of sales are from heating installations, 4% are from private maintenance and repair work, and 1% is from other services. The company operates from 884 sq. ft. leasehold premises based in South West England, which are leased to the company by a private landlord for £11,400 per annum on a rolling lease. The company is currently managed by the director, who is supported by an experienced and dedicated team. The company employs 16 members of staff in total, including the director, and benefits from high levels of in-house expertise across the business. Following the completion of the sale, the current management team possesses the necessary skills and expertise required to manage the business on an ongoing basis. The company has experienced considerable growth since its foundation and is now ideally positioned to pursue further growth, which could be achieved through the development and diversification of its service offering, expansion into new markets and the implementation of operational efficiencies. The director, who is the sole shareholder, is offering the company for sale due to a change in his personal circumstances, and to facilitate his relocation plans.

Turnover £1.35m, Net Profit £300k.

Location: South West England.


Turnover (£'000) Adjusted EBITDA (£'000)
2020 (Actual) 483 159
2021 (Actual) 800 179
2022 (Actual) 746 70
2023 (Actual) 976 198
2024 (Forecast) 1,350 300

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