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Plumbing and Heating Service & Maintenance

Reference
S11774
Turnover
£1m to £2m
Sector(s)
Business services, Construction, Electricity, gas & water supply, Engineering, Miscellaneous, Real estate activities, Retail & wholesale, Service industries
Region(s)
North West England
Added
25 June 2024

Business description

Since inception, a carefully managed program of expansion has been undertaken, creating a management structure and steadily growing an experienced and skilled team that offer exceptional standards of service, thus creating a stable well-known reputation to remain at the forefront of the industry.  Continuous investment in staff development and state-of-the-art technology secures them this position.

Gas Safety Checks are also carried out in a large number of rental properties for letting agents and private landlords, including servicing, repairs and replacement appliances.

The sale offers an exciting opportunity to acquire an established business with huge potential and scope for development. This is an ideal acquisition for rival providers to diversify and expand their offering and gain economies of scale or for an independent purchaser looking for an exciting business with an established management team to invest in.

Highlights

·       Proven track record and industry recognised brand name for providing   heating and plumbing installation, servicing and repairs

·       Growing number service contracts being secured

·       Client base is a mix of Domestic, Commercial and Landlords

·       Valued Worcester Bosch Service Partner

·       Gas Safe and Oftec Registered

·       Enviable, long standing client base

·       Strong track record with consistent growth

·       Highly experienced, qualified and retainable team

·       Management structure in place

·       Potential to expand further across the UK due to regional influence and prominence of the brand  

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2020 (Actual) 1,066,190 177,159
2021 (Actual) 1,407,830 237,328
2022 (Actual) 1,720,770 255,382
2023 (Actual) 1,804,350 289,186

Reason for sale

The business continues to go from strength to strength and having successfully built a thriving business to date, the vendors feel that it has reached its natural ceiling under their control and is ripe to be taken onto the next stage of development under new ownership. To ensure an effective and smooth transition, both shareholders are willing to provide a flexible handover period.

Additional information

The business currently operates from a spacious self-contained building, held on a leasehold basis.  The property is available for lease or purchase.

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