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Electronic Assembly Manufacturing Sub-Contractor Business for Sale

  • Leasehold Price: Offers Invited
  • Annual Turnover: £2,400,000
  • Annual Net Profit: £320,000
Seller Reference: ASCFL/EAM
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Business Description
 
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Seller Reference: ASCFL/EAM
Request Details
Business Description
Operating for some 25 years and based in the Home Counties, the business has established itself as an important Contract Electronic Manufacturing partner to its many customers. It offers:
• Full transparency, responsiveness and flexibility
• Proven ability to serve small and large industrial companies
• Trained staff in Manufacturing Engineering, Test and Quality Control
• Developed and proven methods for Knowledge and Technology Transfer
• Complete supply solutions
The business targets a wide range of customers and operates a full assembly service across the following industries:
TV Broadcasting and Telecommunications; Performance automotive; Oil and Gas; Security and Defence; and Marine.
Annual sales in the last financial year, mainly pre-COVID, were £2.4M, generating an Adjusted EBITDA of c £320k. Sales over the previous 3 years have averaged £2M. Whilst the current year and next year are forecast with sales just below £2M due to COVID, the directors are confident of returning to pre-COVID levels by the mid / end of 2021.
The latest full year balance sheet showed net assets of close to £1M, which included significant levels of cash, and it is intended to leave the balance sheet largely as is and seek offers for 100% of the shares of the Company.
Tenure:
Leasehold
Support and Training:
There is a strong management team in place and the directors have, for several years now, been able to withdraw from all the day to day operational management and have had very “hands-off” strategic only roles, neither having more than a once monthly management meeting. Both directors would be prepared to provide necessary hand-over support for a period up to 6 months for the new owners on terms to be agreed.
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