Hilton Smythe are delighted to present to the market a highly successful and growing Electrical and Plumbing contractor.
The privately-owned business has seen a 100% increase in turnover over the last 12 months and work in progress in the next 12 months should see this figure double again to a remarkable £2,000,000.
The business is reluctantly been sold due to health issues however our client will ensure a fixed handover period will be offered.
The business predominantly concentrates on the lucrative commercial market working with major blue-chip house companies who manage the private build contracts of both large new build domestic housing projects and exciting new care homes.
Average unit numbers per site varies between 200-250.
Our clients excellent reputation, reliability and standard of work within the sector has resulted in agreements for the next 2 years.
The type of work varies from full boiler and central heating systems, underfloor heating, solar panel systems, air heat pump systems, air con units, lighting management including occupancy sensors and BMS systems.
The business would make an ideal bolt on to a similar business in the market looking to expand or any contractor currently involved with the impressive client list.
Agreed handover offered.
We recommend very early attention due to the growing success of this business.Location
The business is currently run from our clients office in Southampton but due to the expanding nature of the work could be easily be relocated to any other location ideally within the south of the country.
Southampton is the largest city in Hampshire, 69 miles Southwest of London and 15 miles Northwest of Portsmouth. Southampton is major Port and the closest city to the New Forest, there is considerable redevelopment of the city centre and surrounding areas. A highly dense student population due to the University of Southampton and the Solent University.
Southampton is located just off the M27 cross country motorway which links directly to the M3 motorway to London. Nearest airport is Southampton.Premises
• 3 x Vauxhall Vivaro Vans
• 1 x Transit Custom Limited Van
• 1 x Citroen Multi space
• Computers and associated industry software
• Range of plant equipment including on site lighting, transformers etcTenure
Flexible to workload however main contract work is carried out Monday to FridayStaff
The business is run and managed by our client with the help of 2 employed members of the team and approx 17 self-employed contractors.Financial Profile
We are advised the business enjoyed a Turnover as of the 2018 accounts of £1,064,724. with a gross profit of circa £160,000.
Is this business relocatable: