SUPPLIER OF HEAVY PLANT SPARE PARTS

A well established supplier of new and refurbished spare parts for heavy plant and machinery vehicles. Established in 1993. The business was formed with the aim to provide high quality spare parts for a wide range of Caterpillar machines, diversifying into repair services in 2010 under the management of the new owners. The company has developed a strong domestic and international market position, maintaining long standing relationships with a number of blue-chip clients across the mining and civil engineering sectors. The company is a dynamic and highly reputable business, priding itself on its ability to deliver high quality, value products across an increasingly expanding market. The company benefits from a large stockholding of popular replacement and fast-moving parts in the UK. The company boasts a large portfolio of over 200 clients who have maintained active relationships over many years. There is a skilled, dedicated workforce of currently eight employees. Having developed the company over the course of the past 11 years the current shareholders are now offering the business for sale to facilitate their retirement plans. The business has continued to profit and trade during Brexit negotiations and the Covid 19 pandemic.
The company operates from 78,436 sq ft land and premises which is owned by the shareholders and leased to the business at a current market value of in the region of £260K. The property is included in the sale on either a freehold or leasehold basis, subject to negotiations.