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Haulage, logistics & storage

Reference
S6311
Turnover
£5m to £10m
Sector(s)
Distribution, freight & logistics
Region(s)
UK Wide
Added
15 July 2019

Business description

Established for over 50 years, Project Wheel is a successful haulage operator offering a mix of palletised, specialised and tailored solutions for a range of clients including aerospace, food, general haulage and JIT logistics customers. 

Operating from the north west of England, the Business generates sales of £5m and is expected to report sustainable EBITDA of circa £400k for FYE 2019. Growth is achieved by working closely with its 150 customers, providing solutions that see it recognised as an integral part of their clients’ business. Average customer tenure is 6 years and the top 10 clients account for 63% of sales. Project Wheel operates a fleet of 40+ modern and liveried vehicles, 40+ variously configured trailers including double-decker, trombone, moffett and specialist purpose-built trailers. 

The Business is a member of leading pallet networks, a member of the RHA and is a certified BRC Storage and Distribution Operator. It benefits from traction with its customers and loyalty of its staff. The owners consider that being part of a larger fleet or operator will provide continuity for its stakeholders whilst providing a transition for the owners to plan for their eventual retirement. Further details including a comprehensive information memorandum are available on satisfaction of a non-disclosure agreement. 

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2018 (Actual) 4,500 450
2019 (Forecast) 5,000 400

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