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Plant & equipment hire services - utilities sector

Reference
S7058
Turnover
£0.5m to £1m
Sector(s)
Construction, Engineering, Miscellaneous
Region(s)
North West England
Added
28 July 2020

Business description

The company specialises in the supply of specialist, high-quality small plant and branded equipment for clients in the utilities sector on a rental basis.
Utilising a highly experienced team, the company benefits from a wealth of expertise in the utilities sector, which enables it to provide impartial, expert advice for clients, ensuring that they are supplied with the most suitable equipment for their unique requirements.
Our client is now offering the company for sale as they believe that a buyer could effectively drive further growth of the business.

Highlights

  • Offers an extensive range of quality equipment from respected brands,
    including excavators, compressors, rollers, saws and various tools, suited for projects of all sizes. 
  • Maintains strong, long-standing relationships with major clients, such as gas and electric installers, telecoms companies and construction firms, some of which span over 10 years. 
  • At present, 95% of clients provide reliable, repeat business, ensuring the sustained financial strength of the business for the foreseeable future.
  • Operates from two ideally located leasehold sites in North West England.
  • Well-positioned to benefit from the continued strength of the utilities and infrastructure markets, as well as new development projects in major cities across the region, such as Manchester and Liverpool.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2016 (Actual) 636 339
2017 (Actual) 705 343
2018 (Actual) 789 444
2019 (Actual) 759 366
  • Achieved turnover of £760k in YE19, with an adjusted EBITDA of circa £410k.
  • Possesses assets with a collective cost in excess of £1.38 million.

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