A long-established marine engineering business founded 40+ years ago and based in the South East. The company provides engineering and technical services for vessels, including repair, installation, and maintenance, primarily to commercial ferry operators across the UK, Ireland, and Northern Europe (France and Holland).
The company is an approved contractor for leading operators including P&O Ferries, Irish Ferries, and Stena Line. The business operates in a niche sector with minimal competition and a strong reputation for reliability and technical excellence.
Managing every aspect of engine servicing, the Company offers a fully comprehensive service to clients. This includes engineering and refit service work, either completed at their workshop, in service or in Dry Dock. Repairs and maintenance, regular maintenance and emergency repair services are carried out. To provide peace of mind to clients, the business operates a 24/7 on-call service for emergency repairs.
Typical work carried out includes complete engine’ overhauls, restoring an engine to good working condition by stripping, cleaning, repairing, or replacing necessary parts and re-building. The Company provides its services across the UK., including in Scotland and Wales, travelling as required.
For all clients, the business can store their fleet engine’ spares. Due to their larger collective purchasing power, clients will purchase spares, with these stored on site. Spares stored at their workshop are often overhauled and machined to fit a vessel’s requirements, allowing for greater efficiencies. Components in need of servicing can be collected from ports, either by third-party couriers, or by the businesses engineers.
All shipping equipment must be class-approved by Lloyd’s Register (or other classification societies), with whom the business work closely with. The Company provides service reports and calibration sheets, allowing the business and clients to maintain regulatory and compliance obligations.
| Turnover (£'000) | Adjusted EBITDA (£'000) | |
|---|---|---|
| 2023 (Actual) | 725,000 | 270,000 |
| 2024 (Actual) | 781,000 | 380,000 |
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