Fire extinguisher businesses for sale in Essex

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Fire Protection and Electrical Systems Specialist

Essex, England

  • Price: £650,000
  • Annual Turnover: £1,283,000
  • Annual Gross Profit: £284,000
Seller Reference: GK294
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Business Description
Seller Reference: GK294
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Business Description
Fire Protection and electrical systems specialist – offering offering almost all Fire Protection and Electrical Services to the Domestic, Commercial, Industrial and Retail sectors.

Asking price: £650,000
Business highlights include:
2019 Turnover: £1.283m
2019 Profit: £284,000

2020 (Covid affected) Turnover £789,693
2020 (Covid affected) Profit £148,870

2021 Monthly Turnover c£57,000
2021 Monthly Profit c£12,750
Annualised Profit £153,000 after all costs
Net Assets £87,188

Introduction:
Turner Butler has been appointed to invite offers of purchase for 100% of the Issued Share Capital of a leading fire and electrical systems specialist – offering a complete range of Domestic, Commercial & Industrial Fire Protection and Electrical Services including:
Domestic Commercial / Industrial
24/7 Call Out Service
Installation, Repair & Maintenance.
Inspection, Testing & Certification.
Kitchen Electricals.
Bathroom Electricals.
Security Alarms & CCTV.
TV, Satellite, Phone & Data Points.
External Garden Lighting & Power
24/7 Call Out Service
Design & Build Electrical Installation Services
Design & Build Fire Alarm System Installation
Design & Build Emergency Lighting Systems
Electrical Inspections, Testing & Reports
Data Wiring Systems
Project Management / Service Management / Complete Site Services

Key strengths:
The Company has the following key attributes:
• High levels of recurring revenue – circa £400k per annum.
• Extensive customer base across residential, commercial, industrial and retail businesses: 68 contracts.
• Nationwide coverage.
• Long established sub-contractor relationships.
• Long standing managemnet team
• Run under management
• Small workforce
• Very well established – highly respected within the industry.
• Accreditations include,
*Member of the British Fire Consortium.
*NICEIC Approved Contractor Scheme
*NICEIC Domestic Installer Scheme.
*NICEIC Approved to provide Electrical Safety Inspections to the Private Rental Sector.
*Health & Safety Chas accreditation
• Highly skilled, expert and trained staff.
• Complete turnkey operation.

The Company provides an acquirer with:

• An excellent bolt on for a business already operating within the fire, electrical & security systems sector.
• An ideal starter business for anyone looking to establish a foothold within the fire, electrical and security systems sector.

Financial performance:

For the financial year ended 31st December 2019, the business achieved a turnover of £1,283,000 with an adjusted profit before a single owner’s drawings of c£284,000.
Of that turnover some £1.05m was derived from commercial customers.
In 2020 despite Covid restrictions and lockdown the Company achieved a turnover of £789,693 and a profit before drawings of £148,870.
In January 2021 the vendor appointed a managing director to replace him and the Company is currently averaging a monthly turnover of c£57,000 and an annualised profit of £153,000 after all costs.

Offers are now invited for a sale of 100% of the Issued Share Capital of the Limited company based on a Balance Sheet value of £87,188 with a £ for £ adjustment to the final sale price to reflect any movement away from this benchmark figure.
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