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Subcontract machining and fabrication

Reference
S11963
Turnover
£5m to £10m
Sector(s)
Engineering, Manufacturing
Region(s)
UK Wide
Added
25 September 2024

Business description

Company Overview:

Having operated in its current iteration for over 20 years, the business has long-standing relationships with blue-chip clients. Operating across 2 locations, The business can produce machined, fabricated and finished products at its largest facility with other electronic products manufactured at its white glove facility. 

Products and Services:

The company offers full turnkey manufacturing working with clients from initial design and prototyping to delivery and stock holding. Project Everdeen offers vendor managed inventory, including Kanban with other stocking agreements in place, as required. 

Company Structure:

Incorporated in the 2000s, the company employs in excess of 50 staff including a second-tier management team centralised around the general manager and the production controller. Due to the experience and skills of 

the team, processes have been standardised to decrease lead time. 

Customers and Markets:

The company currently has c.50-60 active clients from a diverse client base. Operating with a forward order book value of £2m the business has developed strong relationships with its clients, with most spanning 10 years or over. With a wide client base, the business is not tied to any one sector nor client.

The business operates with a core of tier one clients, for whom the business prioritises work. With its current top client, the business has a deep knowledge of their whiskey bottles and has developed the casing and lids for
them. With its power generation client, the business manufactures power monitoring equipment which can be used in the shift to renewable energy. 

Financials:

The business achieved a turnover in excess of £5m and an Adjusted EBITDA in excess of £600k for the 2023 period

Financials

The business achieved a turnover in excess of £5m and an Adjusted EBITDA in excess of £600k for the 2023 period.

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