• BUCKINGHAMSHIRE
• PLUMBING AND HEATING CONTRACTOR WITH MIXED COMMERCIAL/DOMESTIC CUSTOMER BASE AND WITH LUCRATIVE WARMFRONT CONTRACT TO 2013
• Established 10 years
• Turnover 2010 £967,000 (2011 Projection £1.3M)
• EBITDA averaging £140,000 per annum over last 5 years
• EBITDA projection 2011 £165,000
• Leasehold £975,000 + SAV
• REF: 9895MK
BUSINESS SUMMARY
This consistently profitable company has developed an excellent reputation within the domestic and commercial market for plumbing and heating services. Trading from a base in Milton Keynes, Buckinghamshire, customers are generally located within a radius of 20 miles. The domestic/commercial split approximately 50%/50%. In addition, the company also services a number of ongoing contracts with letting agencies, builders and the local council. During the last 10 years the range of services offered has expanded steadily, and in addition to the core services, now includes bathrooms, solar energy, under floor heating, ground and air source heating along with growing expertise in the renewable energy arena. Full warranties are offered along with a 24 hour call out service. Our client is a registered installer under the “Warmfront 300” scheme. All appropriate accreditations are held.
Our client has been trading successfully for over a decade. During this period, the business has grown significantly and will break the £1M turnover threshold in 2011. The company has been consistently profitable, with EBITDA averaging over £140,000 annually for the last 5 years, with a projection of £165,000 in 2011. The customer base is sizeable, loyal and diverse. The business also benefits from stable, fully qualified staff, with a management hierarchy in place. In financial terms the company is very strong, with exciting projections going forward. Much work has been undertaken in relation to marketing, with an excellent website, and with high profile campaigns on Yell.com and 118 24/7.
Over the last 10 years our client has consolidated the company position as a strong, large, independent plumbing and heating contractor. Overall, the market place is set to grow, especially in relation to new initiatives such as solar energy and renewables. The housing stock within Milton Keynes is large, with many properties over 10 years old, requiring new installations as well as the routine maintenance work.
The company would be an ideal purchase for a similarly sized or larger corporate with good industry knowledge and an acquisitive growth strategy. Such a purchase would afford access to a mature repeat customer base, qualified staff, and solid financials. The business could also appeal to a company operating within the wider domestic or commercial maintenance sphere, seeking additional markets, customer contracts, and opportunities to cross sell an existing product or service.
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An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises.