Drainage for sale in North West England

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Ian McGregor (Nov 2013)
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Leasehold Price: Offers Invited Annual Turnover: £2,800,000 Annual Gross Profit: £1,300,000 Annual Net Profit: £524,000
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Business Description
Business Summary

- Outstanding opportunity to acquire a highly established specialist in hydro demolition, drainage and civil works based in the North of England.

- Comprehensive capabilities for drainage and civil engineering works and expert hydro demolition capabilities covering both hand lance and robotic systems.

- Long standing contracts with Blue Chip companies and Public Sector bodies.

- Consistent financial performance even through the recent adverse trading conditions.

- In the financial year to September 2015, the company achieved revenues of c.£2.8m and an adjusted EBITDA of c.£524k (18%).

- Significant growth potential.

- Regularly winning new contracts.

- Highly accredited company with an excellent safety record.

- Experienced and highly knowledgeable team working under a strong management structure.


- Hydro demolition Concrete Removal
- Concrete Scabbing
- Ultra High-Pressure Surface Preparation
- Industrial Cleaning: Tube Bundles, Process Pipework, Heat Exchangers
- 24 Hour Emergency Drainage Call Out Service
- Drain and Sewer Repairs, Cleaning and Relining
- CCTV Inspection & Reporting
- Dig Up & Rehabilitation of Existing Drainage Systems
- New Drainage System Installations
- Brickwork, Block-paving, Tarmacing & Concreting


- The company has a strong team of qualified and highly experienced employees and key managers capable of operating a work site independent of any directors.


- The Company operates from leasehold premises in the North West of England for a total annual cost of £21,700

- A second leasehold property in the North East, is used for plant and equipment storage at a rate of £4,400 per annum.

- There is complete flexibility within the leases to give early notice if required.

Reason for sale

- The Vendors are offering the Company for sale as two of the three Directors wish to retire. The third director is open to being retained by the Company post sale.

- All three are prepared to remain with the Company for a required handover period.

Financial overview

YE: September 30th 14/15:-

Sales revenue £2,844,018
Gross Profit £1,252,799 (44%)
Adjusted EBITDA £523,958 (18%)

Offers Invited
Tenure: Leasehold

Downloadable Documents

Listed by: Hornblower Business Brokers Ltd
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