Overview
Description
The business provides steel machining and fabricating services for clients in the gas distribution sector.
Alongside these services, the company sells a trademarked product that is designed and approved for use on UK and Ireland gas distribution networks.
With the correct investment, the business’s patented products could be used more frequently as more clients are utilising it annually.
Our clients are now offering the business for sale to facilitate retirement plans.
The business currently offers its services to 28 active clients and benefits from high retention rates, with 85% of clients providing reliable, repeat business on an ongoing basis.
Due to working with only existing clients, the company has developed strong relationships and fostered reliable revenue streams.
The company has an opportunity to diversify its engineering services by venturing into projects within the water distribution and treatment industry. A pathway into this sector has been created through an established partnership.
The business would be an invaluable asset for a company that has site working qualifications but no manufacturing capabilities or a current manufacturing company looking to enter the utilities sector.
YE23 turnover of £879k with an adjusted EBITDA of £632k.
Strong shareholders’ funds in place.
High gross profit margin, averaging 75%.
Turnover has increased by 147% between YE21 and YE23.
Offers invited.
Is this business relocatable:
Is stock included:
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