- £2m to £5m
- Agriculture, forestry & fishing, Service industries
- UK Wide
- 11 July 2019
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.
locations across England and Scotland, including a European sales presence;
NBV of hire assets;
regarded in the industry;
out by suppliers to represent their brands;
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.
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.
The Company has significant further growth potential, allowing an
acquirer to readily increase value post acquisition.
to new industry sectors such as building contractors and agriculture;
to local councils. Currently the Company
has relationships with 34 of 408 councils in the UK;
contacts and network within utility, facility and grounds-keeping management
companies to demonstrate advantages of hiring machines as opposed to owning
the distribution opportunities into Europe with the existing product range;
the distribution opportunities for UK brands that have approached the Company;
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.