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the UK marketplace for company sales

Mechanical & electrical engineering services

Reference
S11766
Turnover
£10m to £25m
Sector(s)
Engineering, Miscellaneous, Service industries
Region(s)
UK Wide
Added
25 June 2024

Business description

The company offers all-encompassing mechanical and electrical engineering services for organisations across a wide range of industries, benefitting from comprehensive production facilities that enable it to manufacture a wide

variety of specialist equipment. 

Led by an agile, highly experienced management team, the company has experienced consistent growth, supported by good cash management and awareness of costs, ensuring that it maintains consistently strong margins.
The company remains firmly committed to quality, innovation and providing customer-focused services, which has played a key role in its continued expansion. 

The shareholders are now offering the company for sale as part of their plans to reinvigorate the strategy of the business and to take the business to the next level.

Highlights

  • Offers a broad range of services, specialising in M&E, automation, environmental engineering, facilities management, switchgear and solar solutions. 
  • The company continually invests in new product development, with ongoing R&D projects taking place to develop bespoke automation solutions and deliver highly specialised items. 
  • Benefitting from comprehensive in-house production facilities, the company is able to offer full metal fabrication solutions. 
  • Works with clients based across Northern Ireland and the UK, predominantly providing its services to prestigious clients in the environmental engineering, aerospace, M&E and manufacturing sectors. 
  • Highly experienced management team in place, all members of which will remain with the business in their current roles and will continue to work alongside a buyer to drive further growth. 
  • Currently operates from several rented premises in Northern Ireland.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2020 (Actual) 4,357 1,027
2021 (Actual) 4,935 128
2022 (Actual) 8,148 1,026
2023 (Actual) 13,908 2,292
2024 (Forecast) 16,056 3,211
  • Achieved turnover in excess of £13.9 million in YE23, with an adjusted EBITDA of circa £2.3 million. 
  • Turnover is on course to exceed £16 million in the current year, with adjusted EBITDA also projected to rise to £3.2 million. 
  • Strong pipeline in place, with confirmed ongoing and upcoming contracts valued at £7.5 million already in place. 
  • The company has a multitude of quotes and tenders awaiting responses from clients, with a collective value in excess of £80 million. 
  • Benefitting from a significant and diverse client base, the company has no dependence on any key clients or sectors to generate revenue.

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