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the UK marketplace for company sales

Residential developer

Reference
S12129
Turnover
£2m to £5m
Sector(s)
Construction, Service industries
Region(s)
South East England
Added
29 November 2024

Business description

Project Sawyer undertakes end-to-end property development within South East England.

The company oversees the entire property development process, ensuring the consistent quality of its houses and apartments.
The business’s activities comprise sourcing land, taking into account the location, size and nearby amenities; attaining relevant permissions and surveying the space to plan the development; appointing skilled tradespeople to undertake all on-site work; and working
with prospective homeowners to integrate their aesthetic choices and finalise the sale.
The company boasts longevity within the competitive housebuilding market, having operated for over 30 years and built up a vast portfolio of completed developments.
Our clients are offering the company for sale to onboard a partner with financial resources to enable the business to take advantage of market opportunities and increase its output.
Offers invited.

Highlights

  • Multi-accredited property developer, working in adherence to the NHBC, CCHB and HBF standards.
  • Sells properties to owner-occupiers, developers and acquirers.
  • Completes approximately 30 units per annum; this could easily be increased by expanding the workforce.
  • In-house site managers oversee all on-site activities carried out by tradespeople.
  • Network of contractors enable the business to scale its operations according to project requirements.
  • Operates from centralised leasehold premises that can accommodate the company’s ongoing expansion.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2023 (Actual) 3,313 81
  • Generated a YE23 turnover of £3.3m.
  • On track to attain a YE24 turnover of £5m, comprising £1.5m in construction revenue, £3.1m in property sales, and £400k in planning uplift.
  • The company will be starting YE25 with £11m worth of completed stock, plus a further £8.5m due to complete in June 2025. 
  • YE25 projected turnover of £18.9m and EBITDA in excess of £1m. 
  • Two active projects are set to generate £1.8m in combined net profit between May 2025 and the beginning of YE26. 
  • With further resources in place, the business could easily increase its revenue; the YE19 turnover was £21m, and our clients are optimistic that the company can match or exceed this through additional construction and property sales.

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