Engineering companies for sale in Coventry

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CNC Precision Engineering Business

Coventry, West Midlands, England

  • Leasehold Price: £1,600,000  Price Reduced arrow_drop_down
  • Annual Turnover: £1,200,000
  • Annual Net Profit: £365,000
Seller Reference: ASCFL/CNCSPEC
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Business Description
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Seller Reference: ASCFL/CNCSPEC
Request Details
Business Description
The business is well established, with a long history providing sub-contract engineering services to larger businesses in the Motorsport sector.
It specialises in the manufacture of precision engineered components, supplying high quality products and services to many different markets and industries, including the Motorsport sector. It also offers design capabilities.

Having approved certification to ISO 9001:2015 registration for the manufacture of precision engineering components, a cornerstone of the business is its excellent production facilities; it is equipped with latest technology CNC machining centres with the most efficient software and cutting tools for optimum cutting performance on a variety of materials including: Titanium, Stainless Steel 321, 316, 304, 13-8, 17-4, Steel, Aluminium, Plastics, Brass, Copper, Inconel 625.

Based in the Midlands, and situated near to a network of motorways that allows ease of communication, the company operates across the United Kingdom, but naturally a high proportion of its customers are relatively close to the factory in what is known as the Motorsport Valley. It is well-respected in the marketplace, supplying good quality products and service at fair prices.

The company has a flexible, small, dedicated team of highly skilled precision engineers, who together with the owner, provide innovative solutions to its customer’s requirements.

The Company has shown stability in profits and sales over the years, operating without any significant debt, and funding itself from its own cash generation. To some extent the Company has artificially stunted its growth to live within its means and as such there are many opportunities to further expand the business as there has been limited focus on sales and marketing over recent years.
Current year sales are expected to be £1.2M and adjusted EBITDA £365k.
The owner is available to provide consultancy support for a period up to 2 years (on terms to be agreed), if required.

The Guide Price for the Company is £1.6M.
This well established and solid business represents an excellent opportunity for a trade or private acquirer who is seeking a first step into the precision CNC machining business, or for a trade buyer seeking to expand its services, with lots of opportunity for growth.

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