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Deal Opportunities.co.uk

the UK marketplace for company sales

Vehicle conversions

Reference
S7265
Turnover
£2m to £5m
Sector(s)
Automotive, Engineering, Retail & wholesale
Region(s)
UK Wide
Added
15 October 2020

Business description

Operating within the automotive market, the company offers specialised van conversions on catering and welfare vans, overnight sleepers, minibuses and crew vehicles.

To complement its comprehensive van conversion service, the company also provides a range of vehicle accessories, such as towbars, roof racks and beacons.

The highly successful business works alongside a number of local authorities, NHS Trusts and government organisations.

Having built the business for over two decades, our clients are now offering the company for sale to facilitate their wider retirement plans.

Offers invited.

Highlights

  • The company trades nationally, providing its services to more than 300 active customers, over 50% of whom provide reliable, repeat business. 
  • Has built up an unrivalled reputation as a dedicated, forward-thinking and trusted service provider. 
  • Operates to an extremely high standard, with a dedicated, fully trained and highly experienced workforce, and strong second-tier management team.
  • Benefits from low staff turnover, with some employees having remained with the business for over 17 years. 
  • Is ISO 9001-2015 certified and is part of the NI Vehicle Enhancement scheme. 
  • Benefits from multiple opportunities for further growth, including diversifying its products and services, and expanding its facilities. 
  • Operates from five leasehold premises.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2017 (Actual) 3,147 350
2018 (Actual) 3,311 220
2019 (Actual) 4,331 422
  • Achieved a turnover of £4.3 million in 2019, translating into an adjusted EBITDA of £422k

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