Overview
Description
The company is a precision engineering company offering a comprehensive range of CNC and machining services, including milling and turning, sheet metal forming and, welding and electro-mechanical assembly.
Catering to circa 40 clients, the company operates across multiple sectors, including defence, aerospace, automotive and general electronics.
The Shareholders are offering the company for sale as part of their retirement plans.
Offers invited.
Key Highlights
– Predominantly operates across the UK, with some revenue generated from clients in Europe.
– Approximately 50% of clients provide regular repeat business, with some relationships spanning over 23 years.
– Strong second-tier management team in place.
– Operates from shareholder-owned leasehold premises, which may be included in the sale on a freehold or leasehold basis.
– Scope to benefit from an expansion of its service offering, recruitment and an increase in sales and marketing activities.
Financial Highlights
– Turnover of £1.5m, with an adjusted EBITDA of £229k.
– Gross profit margin of 47%.
– Turnover of £1.1m in the first six months of YE23.
– The order book for 2023 currently stands at £2.2m.
Is this business relocatable:
Is this business home based:
Is accommodation included:
Is this In administrative/receivership:
Is stock included:
Listed By:
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