Engineering businesses for sale in Thurso

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CLOSING DATE SET - Engineering Business in Caithness

Thurso, Highland, Scotland

  • Freehold Price: £375,000
Seller Reference: EandMEngineering
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Business Description
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Seller Reference: EandMEngineering
Request Details
Business Description
•Closing Date Set - Friday 12th April 2019
Offers are invited for the purchase of:
a. The business as a going concern
b. The buildings only
•All offers and contact should be passed to ASG Commercial via a Scottish Solicitor in a legal format
•Any suspended clauses are to be highlighted

•Engineering business operating from the North Coast Port of Scrabster ideally located to service the North and West Coast fishing fleets and to supply the oil and gas industry.

•Full range of engineering services from design, client engagement, assembly testing and installation.

•Large workshop facilities including the traditional skills of turning, milling and shaping as well as fabrication and welding.

•All machinery, fixtures and fittings as well as vehicles included in the sale.

•Broad customer base and framework contracts within both the local area and further afield.

Scrabster Harbour is a strategically placed port that attracts oil and gas, fishing, shellfish and ferry activity which E&M Engineering is ideally placed to take advantage of. As the only engineering and fabricating company in Scrabster, its location at Unit G3 ensures a steady stream of work. The business comprises two detached buildings, constructed in 2009 and in 2013, on the edge of Scrabster Business Park. The plot on which the business sits expands to 0.263 acres. There has been an increasing demand for industrial premises in Scrabster and availability is scarce.

E&M Engineering Services has 41 years history of providing its unique marine engineering services in the North of Scotland. This core business has developed into one that can deliver steelwork solutions across the sector. E&M Engineering stocks a comprehensive supply of hydraulic hoses and fittings and components, complementing the large range of spares (including nuts, bolts, fasteners, bearings, filters etc) kept in stock to service the full range of maintenance, breakdown and repairs, 24/7, machining specific pieces where required in their newly modernised machine shop.

E&M Engineering enjoys a good reputation for the services it provides to the area. Contracts exist with various local clients as well as a number of smaller projects which are undertaken. The business is being sold as a going concern and figures show that the work in progress as well as scheduled jobs going forward are showing a steady increase over the last three years. Going forward there will be an increased demand from the renewables sector with on shore and off shore renewables.

EM Engineering work with various clients and have a good spread of business activity. With consistent business from some key clients. There is planned project work in renewables in the area.

Scrabster’s strategic location, modern infrastructure and high quality, reliable services offers a competitive advantage across a range of sectors: cargo, cruise, ferries, fishing, oil and gas and marine renewables. The harbour offers extensive facilities, with 24/7, year-round access to the port. Scrabster Harbour possesses a strong local supply chain and is one of the UK’s top whitefish and shellfish landing ports.

The harbour is overseen by Scrabster Harbour Trust, established in 1841 and is governed by its own legislation. The Trust seeks to serve the local community and all surpluses created are reinvested into the port.

There has been significant reinvestment made in the harbour over the last 10 years to improve the facilities offered to clients. To date, £35 million has been spent since 2001 with a total of £50 million set to be invested in total.

Scrabster Harbour Trust business strategy is focused on:

Growth in energy related port activity (oil and gas, marine renewables):
For oil and gas, Scrabster seeks to become an integrated supply base supporting activity in West of Shetland and in the Northern North Sea.
For marine renewables, the port seeks to be an operations and maintenance base for wave and tidal activity in the Pentland Firth and Orkney waters

The retention and growth of ferry, fishing, general cargo and cruise activity:
For the ferry service, the Trust will endeavour to maintain the life line classification of the service and lobby to ensure that the interests of Scrabster are promoted in the tendering process.
For fishing, the Trust will seek to maintain and improve on the landings at Scrabster through modern infrastructure.
For the seafood sector, processing and other value added activities will be encouraged.
For general cargo activity the Trust will work with stakeholder partners to provide an efficient service to port users to promote the use of the harbour.
For cruise activity the Trust will work with partners to enhance the visitor experience at the port and its hinterland. The Trust will continue to promote Scrabster at international cruise events.

The strategy seeks to deliver:
Higher quay and laydown utilisation;
Increased quay and laydown area space;
Increased vessel numbers and cargo throughput.
All of this will result in increased port revenues that can be re-invested in the harbour for the commercial benefit of harbour users and the wider Caithness economy.

Office administration accounting office, manager’s office with telephone system fax and computer systems as to be expected to support a business of this stature, staff facilities and secure lay down area.

Ground Floor - Entrance hall, ladies and gents toilets, canteen, parts department, reception, main office, main workshop and machine shop.

First Floor - Sheet metal shop, stores and archive area.
The gross internal area of the property extends to 478 sq. m or thereby. The gross internal area at first floor level extends to 196.9 sq. m or thereby. There is a further mezzanine area extending to 36 sq. m.

Ground Floor - Storage area.
The gross internal area extends to 154.55 sq. m or thereby.

In general terms the construction of the property comprises solid concrete construction of floors, walls of steel portal frame construction, with insulated profile metal decking externally and partly plasterboard lined internally. Two vehicle entrance doors (4.1m clearance) in both units. Roof is steel framed with purlins and finished over with insulated metal decking. Windows are of double glazed UPVC manufacture.

The property is held on a 99 year Ground Lease from Scrabster Harbour Trust. We understand there are 94 years unexpired. The rent is understood to be £2,160 pa.

Services include mains water, electricity and drainage by water carriage system to a public sewer. Heating is by way of an oil fired central heating system.
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