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Refurbishment principal contractor

Reference
S11440
Turnover
£10m to £25m
Sector(s)
Construction, Service industries
Region(s)
London
Added
12 March 2024

Business description

The company offers a wide range of refurbishment and fit out services across

the commercial, industrial, residential, and public sectors and has an impressive portfolio of completed projects.
Underpinning the company’s success is a foundation of meticulous attention to detail, exceptional quality workmanship, and a commitment to strict procedures and processes.
There is a large, loyal client base in place that includes a number of prestigious and blue-chip organisations.
The business is now being offered for sale to facilitate investment in and growth under the impetus of new ownership.
Offers invited.

Highlights

  • Client base predominantly comprises blue-chip property investment companies, boasting extensive commercial property portfolios. The firms lease their properties to diverse business tenants spanning various sectors, such as insurance, finance, manufacturing, industrial, life sciences, and more. 
  • Actively involved in refurbishing, developing, and repositioning clients’ assets to meet evolving market demands and client needs. 
  • Core client base built upon relationships that span between 8 and 15 years across a diverse, wide range of clients, continually added to through performance and standing in the market place. 
  • Expansion strategy in place that includes strengthening the existing teams, enhancing the company’s capacity to undertake larger and more complex projects, and creating new key positions within the company structure. 
  • External investment is crucial in order to properly implement the growth strategy and take the company to the next level. 
  • Knowledgeable, experienced team in place, with individual success and growth supported extensively. 
  • Works with a vast, vibrant, and versatile ecosystem of professionals, carefully selected to match the unique requirements of each project. 
  • Operates from London-based leasehold offices.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2020 (Actual) 10,495 1,009
2021 (Actual) 6,663 474
2022 (Actual) 14,806 1,070
2023 (Actual) 15,749 1,558
2024 (Forecast) 20,085 2,254
  • Turnover of £15.7m in YE23, with an adjusted EBITDA in excess of £1.5m.
  • Projected turnover of £20m for YE24 with an adjusted EBITDA of £2.2m. 
  • By the first month of the FY24, the company has either invoiced, is already on site, or has been formally instructed on over £15m of projects. 
  • Delivered two projects worth £7m in YE22 and YE23 respectively, with a third valued at £8m currently on-site and scheduled for completion late YE24. 
  • With the correct investment, the company is well-equipped to deliver projects worth £10m+ and is currently focussing on increasing the quantity of projects to provide significant added value.

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