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Large scaffolding contractor

Reference
S11767
Turnover
£5m to £10m
Sector(s)
Construction, Engineering, Service industries
Region(s)
South East England
Added
25 June 2024

Business description

Project Geranium provides high-quality scaffolding design, hire, erection,

dismantling and collection services for residential and commercial properties.
The company’s solutions are utilised for new-build property developments, as well as projects pertaining to temporary roofing, domestic renovations and chimney stacks.
The business operates according to strict health and safety standards, with stage handover certificates issued on all works.
Our clients are now offering the company for sale to facilitate their eventual
retirement. Offers invited.

Highlights

  • Accredited by SMAS and an Audited Member of the Scaffolding Association.
  • Works with 20 active clients, including prominent blue-chip property development entities and Tier 2 commercial building contractors. 
  • Circa 65% of the revenue is generated by new-build housing developers; the business is well placed to benefit from ongoing Government initiatives within the residential housebuilding industry. 
  • Second-tier management personnel effectively oversee the day-to-day operations with minimal input from the shareholders. 
  • Retains a scalable team of scaffolders, all of whom are registered with the CISRS to Advanced level. 
  • Operates from ideally located yard and storage premises that provide easy access to clients’ sites throughout South East England. 
  • Core relationships with nationwide property development firms may facilitate the company’s geographic expansion.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2020 (Actual) 5,539 1,156
2021 (Actual) 3,711 592
2022 (Actual) 5,281 1,203
2023 (Actual) 5,717 1,206
2024 (Actual) 5,914 1,194
  • Generated a YE24 turnover of £5.9m, with an adjusted EBITDA of £1.19m.
    YE25 outturn figures indicate a turnover of £5.7m and adjusted EBITDA of £1.3m. 
  • Consistent financial strength. With the exception of the pandemic, the company has achieved consistent turnover of circa £5.5m and a £1.1m–£1.25m maintainable EBITDA. 
  • Retains ownership of its entire asset register, valued in excess of £5m. The vast majority is scaffolding equipment, also including a fleet of over 60 vehicles. 
  • Approximately 85% of clients generate recurring income through multiple, ongoing projects. Almost all of the revenue is secured through contracts. 
  • Continually has a significant forward order book, currently worth in excess of £4.5m. Regularly has outstanding tenders that exceed £5m.

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