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Vehicle time management systems

Reference
S11959
Turnover
Less than £0.5m
Sector(s)
Automotive, Service industries
Region(s)
West Midlands
Added
23 September 2024

Business description

Founded in 1996, this company is a leading provider of vehicle time management systems, specialising in tachograph calibration, installation, diagnostics, and repairs. With a secure market presence and a diverse national clientele, it has built a reputation as the premier specialist for tachograph-related issues, known for its quality service and expertise. 

Highlights

  • Demonstrating robust financial health, with steady growth year after year, the business has a track record of profitability in nearly all trading years. Over the past 3 years, it has achieved an impressive average annual turnover of £429,519, underscoring its healthy financial performance.
  • The company has established itself as the leading solution for tachograph-related issues, serving national clients, including major dealerships and providing training for DVSA enforcement officers. With over 28 years in business, it has developed strong relationships with key clients like DPD, Royal Mail, and Sandwell Council, as well as numerous small and medium-sized businesses.
  • Geographic expansion presents a significant growth opportunity, given the national necessity of
    tachograph services for commercial vehicles. The business has consistently operated efficiently, making expansion and enhanced service levels a logical progression. 

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2021 (Actual) 400,000 190,000
2022 (Actual) 425,000 190,000
2023 (Actual) 450,000 20,000

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