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Deal Opportunities.co.uk

the UK marketplace for company sales

Provides subcontracted services & manpower

Reference
S11870
Turnover
£10m to £25m
Sector(s)
Construction, Engineering, Service industries
Region(s)
UK Wide, Outside UK
Added
13 August 2024

Business description

The company provides subcontracted services and manpower for a broad range of projects based across the globe, specialising in the supply of skilled labourers for projects in the engineering, construction, ICT, marine, energy and power generation sectors.

Operating on an international basis, with a particularly prominent presence in Europe, the company has secured contracts with a number of prestigious clients, ensuring future revenue is secure.
The company has developed a strong network of talented operatives based globally, enabling it to quickly and dependably supply the necessary expertise, skills and personnel for a diverse range of specialised contracts.
Our clients are now offering the company for sale as part of their retirement plans.

Highlights

  • The company has developed a significant database of skilled labourers suited for a wide range of specialised roles, focusing on mechanical, electrical, infrastructure and offshore contracts. 
  • Operates internationally, primarily working on contracts in mainland Europe, which account for 89% of sales. 
  • Predominantly operates within the construction, engineering, marine, utilities and oil and gas sectors, working with a number of prominent, blue-chip clients. 
  • Maintains strong, long-standing client relationships, benefitting from a high volume of repeat custom, with 90% of clients continuing to provide business each year. 
  • Experienced management team in place, capable of managing and growing the business on a largely independent basis, post-sale. 
  • Operates from well-connected premises in Northern Ireland, facilitating the efficient delivery of projects across Europe and the UK.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2020 (Actual) 3,617 120
2021 (Actual) 7,968 1,027
2022 (Actual) 16,149 1,691
2023 (Actual) 16,144 1,627
2024 (Forecast) 17,000 1,792
  • Achieved turnover in excess of £16.1 million in YE23, with an adjusted EBITDA of £1.6 million. 
  • Turnover is projected to rise to £17 million in YE24, with adjusted EBITDA also on course to reach circa £1.8 million. 
  • Operates on a contractual basis, with all revenue being generated through ongoing contracts, ensuring future revenue is secure. 
  • Maintains consistently strong gross profit and adjusted EBITDA margins, averaging 21% and 11%, respectively, across the last three years. 
  • The company continues to tender for additional projects on an ongoing basis, with additional works valued at between £16 million and £18 million anticipated to be awarded within the coming year.

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