Project Otavite delivers a wide range of civil, geo-environmental and structural engineering solutions, providing its expertise to projects ranging from individual jobs on housing estates to large highway schemes.

Services can be offered as standalone or an end-to-end package, encompassing site appraisals and desk studies; drilling, laboratory testing and forensic failure investigations; in-depth reporting; analysis, inspections and appraisals of superstructure and substructure projects; drainage design and feasibility; and drawing preparation.

The company utilises various state-of-the-art technologies, such as the Professional Design Suite and AutoCAD.

Our clients are offering the business for sale to facilitate retirement plans. Offers invited.

Key Highlights

– Frequently re-appointed by numerous core clients, including local authorities and blue-chip construction firms.

– Wealth of in-house expertise in place, facilitated by low staff turnover rates.

– Second-tier management personnel who can take on greater responsibility within the business.

– Operates from premises based in North West England, which are owned by the shareholders and leased to the company; circa 25% of the property is currently unused, presenting scope to expand the team effectively.

– Ideally placed to procure local authority frameworks to generate recurring revenue.

– Primed to take advantage of developments within the consulting engineering, civil engineering and housebuilding sectors.

Financial Highlights

– YE24 turnover is forecast at £1.6m.

– Generated a YE23 turnover of £1.8m, with an adjusted EBITDA in excess of £700k.

– 80% of the business’s works are for the housebuilding sector.

– Circa 80% of revenue is derived from existing clients.

– The development of a diverse client network has enabled the business to operate without reliance on any particular client to generate income.

– Maintains a steady pipeline of £150k–£200k per month, with the majority of projects completed within a month of an initial enquiry.