Specialist suppliers of tubular products and accessories to the oil, gas an
Price:
Leasehold - £1,000,000
Business Type:
Retail businesses
Established almost fifteen years ago by the current Owner following a longstanding and successful career in the same industry, this business has rapidly grown to become one of the leading providers of pipe and tubular products and accessories worldwide. Specalising in the oil, gas and petrochemical sectors, the business has a worldwide Client base – with its main markets in the energy producing countries in Africa, the Far and Middle East and the Gulf. Clients range from engineering contractors, local stockists and distributors right through to the end users themselves- the oil and petrochemicals companies, who make up between 60% and 70% of turnover. Approximately 5% of sales are to the UK domestic market.
Based in very well suited, low overhead premises within easy reach of Heathrow and Gatwick airports, this business provides the complete package of materials for any particular project. The business offers the widest range of tubular products in steels, alloys and plastics, together with associated valves and accessories. Orders placed or won by the business range from as little as £250 for a small part in a single order right through to 23 million Euros for a project recently won, spanning several years. Materials - linepipe, OCTG, fittings, flanges and valves etc - are procured from the most appropriate manufacturers from across Europe, consolidated and shipped usually direct to site and according to agreed contractual arrangements, using European based warehouse and logistical support facilities.
As would be expected by customers operating in some of the most demanding of environments, the business and its sub contractors operate to the very higest quality standards – specifically designed procedures monitored via in-house and external inspections/audits according to ISO 9001-2000, an accreditation the business has held since 1999.
The cornerstone to the success of this business is the excellent combination it offers of professionalism, reliability, quality of product and competitive pricing. This business prides itself on never letting its customers down. With a detailed knowledge of the manufacturers combined with a clear understanding of the technology involved, this business succeeds where other brokers, without its detailed technical knowledge and manufacturer relationships, fail.
This business has been consistently profitable throughout its many years of operation. With turnover for the financial year ending December 2010 of approximately £2.5 million generating adjusted pre-tax net operating profits of approximately £90,000, this is a rare opportunity to acquire a leading operator in its worldwide marketplace.
The business operates from very well suited premises within easy reach of Heathrow and Gatwick international airports.
The business occupies part of a floor in a shared office block. Rented, the lease expires at the end of December 2010, but can renewed as required. Rent is approximately £12,000 per annum. Rates are approximately £1,000 per annum.
North Yorkshire
£ 750,000
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