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Security, fire and Passivhaus doorset manufacturer

Reference
S11864
Turnover
£5m to £10m
Sector(s)
Construction, Manufacturing
Region(s)
UK Wide
Added
12 August 2024

Business description

An exciting opportunity to purchase the leading UK security, fire and Passivhaus doorset manufacturing company. 

A specialist in providing accredited doors for communal and multi-occupancy buildings, with the designs now established as market leading.

Primary customers include construction companies, local authorities and housing associations where regulatory changes in energy efficiency, fire protection and security standards have created a large demand for this market leading doors. 


Highlights

  • Recognised market-leading accreditations in Secured by Design, Warringtonfire and Passivhaus.
  • Strong and reliable team of 41 with decades of specialist experience.
  • Consistent focus on innovation and technical excellence.
  • The main bottleneck on growth has been capacity, not demand; this presents an immediate opportunity through investment in premises and machinery.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2023 (Actual) 7,836 399
2024 (Actual) 8,088 1,319
2025 (Forecast) 8,897 1,616

The balance sheet stands at £1.54m net assets, including £1.01m cash.

Opportunities

  • The Company is currently operating at the capacity of its present manufacturing facilities with a £7.20m secured order book and a further £7.23m of expected work, representing 20 months' revenue.
  • Increasing the manufacturing capacity will allow the Company to quickly deliver the £14.43m pipeline, readily resulting in revenue and profitability increases.
  • Built on its growing reputation, the Company has begun to receive approaches from local authorities and housing associations outside of its traditional market in London.
  • Additionally, the Company has received enquiries from potential international clients.

Prospective purchasers

  • Door manufacturing companies
  • Manufacturers and installers of other construction products
  • Construction groups
  • Manufacturers seeking to acquire a growing, profitable specialist
  • Private equity platforms with the ability to deliver the sizeable growth opportunity

Reason for sale

The sale follows the shareholders' decision to retire.

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