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Scrap metal

Reference
S6812
Turnover
£2m to £5m
Sector(s)
Business services, Construction, Miscellaneous
Region(s)
Yorkshire and the Humber
Added
12 February 2020

Business description

INTRODUCTION

Opportunity to acquire a highly reputable and established scrap metal business in the North of England. Established over 140 years ago, the business has gained an excellent reputation and major customer relationships. Handling large quantities of both ferrous and non ferrous metals including high value precious metals, these are processed and sold directly to larger national metal merchants and smeltingcompanies.

Having had the business in the family for over 140 years, the current owners are now seeking to realise their investment and retire from the industry.

FACILITY
The business operates from a four acre site with office facilities, two weigh bridges and a large warehouse. The site benefits from easy access for all sizes of vehicles and has a strong network of major roads linking it to surrounding towns and cities. Barriers to entry in the locality for this industry type means it secures a reliable supply and throughput of goods.

Highlights

  • A highly profitable business with turnover in excess of £4m and an EBITDA approaching £700k.
  • Well established name in the industry and local area with excellent reputation.
  • Well positioned business with no direct competitors in local area.
  • Large, well maintained facilities, able to deal with large volumes of scrap metals.
  • An excellent bolt-on opportunity for an existing scrap metal merchant to access this market location.
  • Established customer and supplier relationships.
  • Loyal and experienced workforce.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2016 (Actual) 3,385 198
2017 (Actual) 3,517 536
2018 (Actual) 4,319 563
2019 (Actual) 4,117 552

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