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Industrial engineering maintenance

Reference
S7244
Turnover
£1m to £2m
Sector(s)
Engineering, Manufacturing, Miscellaneous
Region(s)
East Midlands
Added
05 October 2020

Business description

Having been established circa 20 years ago, the company provides a range of services including precision engineering and fabrication, along with specialist skills related to conveyor belt systems.

The company has experienced considerable growth since inception, having gained a strong reputation within its sector through its high-quality service offering and maintaining a bountiful client base.

The shareholders are offering the business for sale to facilitate retirement plans along with growth of the company, and are willing to remain with the company for a handover period subject to negotiation.

Highlights

  • Circa 110 clients, gaining repeat, reliable business from 80%. 
  • Serves clients from a range of sectors including manufacturing, printing, food, fabrication and canning.
  • Experienced team of operatives in place, able to utilise a wide range of machinery.
  • Strong second-tier management team in place, able to run the business on a day-to-day basis.
  • Operates from leasehold premises with capacity for expansion.
  • Growth achievable through the introduction of active marketing efforts, such as the recruitment of a dedicated Marketing Manager to implement a direct marketing campaign.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2016 (Actual) 1,359 235
2017 (Actual) 1,227 174
2018 (Actual) 1,423 195
2019 (Actual) 1,546 194
2020 (Actual) 1,657 168
  • FY19 management accounts with a turnover of £1.54m and an EBITDA of £194k.
  • FY20 management accounts show a turnover of circa £1.65m and an EBITDA of £210k.
  • Currently has over 90 orders on its order book, providing a healthy backlog covering the next four months.

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