Engineering companies for sale in Spalding

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Highly Experienced Engineering Business

Spalding, Lincolnshire, England

  • Leasehold Price: £69,995  Price Reduced arrow_drop_down
  • Turnover: £100,288
  • Gross Profit: £70,141
Seller Reference: B04787
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Business Description
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Seller Reference: B04787
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Business Description
Please Quote Reference B04787

Hilton Smythe welcomes to the market Portapack Engineering Limited, which was established in 1985, our client is looking to sell due to other business interests.

Portapack moved in to larger premises at the start of 2018, therefore creating extra work room for more employees if required.

Portapack has a strong agricultural engineering background as well as food processing, as this fits in well with the region, Portapack also specialise in:

• Manual lathe machining
• Turning- milling operations
• Metal cutting
• Boring
• Welding
• Drilling
• Fabrication
• Industrial & agricultural equipment
• Engineering breakdowns
• Prototypes & product developments etc

Having been in business since 1985, they have highly experienced engineers for Engineering work, Machinery maintenance and Labour suppliers to the Farming and Food Industry locally, nationally and internationally.

The company has a good spread of repeat customers and serve a range of industries from Food, Farming, Oil, Gas, Automobile, Construction, Aerospace and work for the Ministry of Defence, Local Authorities, Hospitals, Garages, Schools, etc.

They have a large workshop with a number of latest CNC and Manual Lathes, Milling Machines, Welding Equipment, Cutting and Boring facilities on site. Portapack can machine with all grades of mild steels, carbon steel, stainless steel, aluminium, brass metals and plastics.

The business is being sold with the website

Although an established company there is scope for further development by looking in to:

• Advertising and promotion
• Extending the coverage of agricultural and farming works
• Consider increasing staffing levels

There are many reasons to buy Portapack including:

• Established company within the area
• Wide current client base that could be tapped in to
• A strong agricultural area giving more potential clients

Hilton Smythe highly advise early viewing to avoid disappointment.

Portapack Engineering Limited is located in Long Sutton, Lincolnshire with fantastic road links being approximately a quarter mile from A17 which links between Kings Lynn and Boston via A16.

The business is some 25 miles north of Peterborough and in turn offers further road links via the A1.

The business is set on a small business park with ample customer and employee parking directly outside.

Outside is a large shared car park area with parking directly outside for numerous vehicles for staff and customers.

Pedestrian entrance set within sliding double doors to the large workshop

Within the workshop are:

• Forte automatic saw
• Selson hydraulic press
• Mig and tig welders
• Numerous drills
• Band saw
• Half ton hoist
• Colchester mascot 1600 lathe
• Bridgeport milling machine
• CNC 2000l machine with all tooling
• Colchester triumph 2000 lathe
• Numerous work benches
• Numerous hand tools
• Numerous chucks
• Powermax plasma cutter
• Numerous power tools
• Bridgeport milling machine
• Compressor
• Pallet fork lift
• Spray room with racking and extractor unit
• Store room with racking and door to outside
• Further store room for parts and sprayers
• Office with computer system

The WC is shared with other businesses on the site.

The business is also being sold with a Toyota Fork Lift Truck and a Peugeot Van and trailer.

We are advised the business is being sold as a Leasehold business opportunity.

There is a rolling Lease with an annual rent of £8,400.

Our client informs us they do not pay business rates.

The business opening hours:

Monday - Friday: 9.00 am – 5.00 pm
Saturday - Sunday: Closed

The business is run and managed by our client, with the help of a full time and a part time member of staff.

Financial Profile
Portapack Engineering Limited generated an advised turnover of circa £100,288 as of the 2018 accounts and we are advised this has now increased to £120,000, with a gross profit of 70% and an adjusted net profit of £21,549

The assets being sold with the business are worth in the region of £65,000.

For Further Information please contact Hilton Smythe quoting reference B04787

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