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the UK marketplace for company sales

Utility replacement

Reference
S7709
Turnover
£5m to £10m
Sector(s)
Electricity, gas & water supply, Engineering
Region(s)
South East England, South West England
Added
06 May 2021

Business description

The company specialises in the provision of utilities replacement services as part of a long-running contract with a major utilities company, providing specialist solutions for sites based across England.

Utilising a dedicated, multidisciplinary team and a range of state-of-the-art equipment, the company manages 90% of projects entirely using in-house
facilities, and is renowned within its industry for its fairness to both employees and subcontractors, as well as the sustained quality of its work and its ability to consistently achieve its client’s targets.

The company has secured a framework contract that will remain in place until 2026, with a possible extension until 2028, and possesses the management,
resources and skill set to expand and deliver other utilities works, including water and cable, which could support further expansion in the future.

Our clients are now offering the company for sale as they are seeking a change in lifestyle and believe that the business could continue to expand under an enthusiastic owner.

Highlights

  • Holds a range of respected industry accreditations, licences and approvals, including Achilles UVDB and a Waste Carriers Licence, and has been granted a Standard Rules Permit with the Environment Agency which enables spoil recycling for other utility contractors. 
  • Provides a wide range of services, including gas mains servicing and replacements, spoil recycling, vacuum excavation and surfacing. 
  • Holds Gas Safe accreditation and delivers internal domestic gas works associated with gas mains and services replacement projects. 
  • Strong management team and directly employed workforce in place, possessing the necessary skills and expertise required to manage day-to-day operations on an ongoing basis. 
  • Operates from rented premises based in England.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2017 (Actual) 7,297 623
2018 (Actual) 8,080 1,057
2019 (Actual) 9,057 1,045
2020 (Actual) 9,260 784
2021 (Forecast) 7,000 1,011
  • Turnover on course to reach £7 million in YE21, with an EBITDA in excess of
    £1 million. 
  • Maintains consistently strong gross profit margins, averaging circa 35% across the last three years.

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