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the UK marketplace for company sales

Plant hire

Reference
S6306
Turnover
£2m to £5m
Sector(s)
Agriculture, forestry & fishing, Service industries
Region(s)
UK Wide
Added
11 July 2019

Business description

Seeking indicative offers for Project Istor.

The Company is the leading specialist full-service plant hire and sales company in the UK.

Project Istor represents an excellent opportunity for a national or international business to acquire the Company and benefit from the significant synergies available, the continual growth and potential opportunities to complement its own business. Offers are invited for the entire share capital of the Company. The decision to sell follows the sole shareholder’s retirement.

Highlights

  • Six locations across England and Scotland, including a European sales presence;
  • £2.3m NBV of hire assets;
  • Highly regarded in the industry;
  • Sought out by suppliers to represent their brands;
  • Exceptionally strong brand values;
  • Large and broad customer list throughout the UK and Europe. Client base ranges from blue chip companies to SMEs and sole traders across several sectors; and
  • The Managing Director is willing to stay on at the Company for an appropriate handover period.

Financials

In FY20 the Company has forecasted turnover of £3.6m and an adjusted EBIT of £278k.

Strong profit margins, with a forecasted gross profit margin of 36% in FY20.

Opportunities

  • The Company has significant further growth potential, allowing an acquirer to readily increase value post acquisition.
  • Market to new industry sectors such as building contractors and agriculture;
  • Market to local councils. Currently the Company  has relationships with 34 of 408 councils in the UK;
  • Grow contacts and network within utility, facility and grounds-keeping management companies to demonstrate advantages of hiring machines as opposed to owning their plant;
  • Develop the distribution opportunities into Europe with the existing product range;
  • Develop the distribution opportunities for UK brands that have approached the Company;
  • Sub-depots for the South East and South West of England and other areas to match geographic areas of economic growth; and
  • Increasing long term hire revenue by winning new contracts.

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