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the UK marketplace for company sales

M&E & refrigeration services

Reference
S11549
Turnover
£2m to £5m
Sector(s)
Electricity, gas & water supply, Service industries, Technology
Region(s)
UK Wide
Added
24 April 2024

Business description

The company specialises in the design, supply, and installation of M&E and

refrigeration systems within retail, storage, warehousing, office, banking and other clients’ premises. In addition, the company offers refrigeration and air conditioning PPM and reactive maintenance services all year round, with a team of dedicated service engineers in place to provide 24-hour support.
Priding itself on its comprehensive in-house health and safety and auto computer-aided design (CAD) departments, the company has developed a reputation for excellence and has worked for a number of large main contractors on projects for prestigious and blue-chip organisations.
The company is now being offered for sale to enable our clients to realise the
assured value of the successful company that they have built and facilitate growth under the impetus of new ownership.
Offers invited.

Highlights

  • Wide-ranging and diverse national client base, with the longest client
    relationships spanning two decades. 
  • Circa 10% of overall revenue is derived from a long-term secure contract agreement that has just been renewed for a further four years. 
  • NICEIC approved contractor, Alcumus Safe Contractor, F-Gas Refcom certified, and Avetta accredited. 
  • Operates from freehold premises that include several units that the company leases to third parties. 
  • Growth will come from building and developing existing accounts with major clients through continually challenging the company’s processes and overall costs to the client, whilst maintaining its high standards of workmanship. 
  • Continuing to raise the company’s profile within the industry as a preferred nominated contractor will facilitate ongoing expansion.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2020 (Actual) 2,967 285
2021 (Actual) 8,070 1,659
2022 (Actual) 6,626 884
2023 (Actual) 3,033 347
2024 (Forecast) 4,627 641
  • Turnover of £3m in YE23, with an adjusted EBITDA of £340k.
  • Forecast turnover for YE24 of £4.6m with an adjusted EBITDA of £640k. 
  • Has achieved a 123% increase in turnover between YE20 and YE22. 
  • Has ongoing works with an international distributor that has plans for a major expansion throughout YE24 and YE25. 
  • Received confirmation or orders in progress of £3.5m for YE24 to date. 
  • Holds premises worth circa £1.1m.

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