Project Larnite is a multi-award-winning provider of high-quality diesel engines, parts, servicing and maintenance. Dealerships are in place with industry-leading diesel engine manufacturers, many of which have been active for over 80 years.
The company has strong relationships in place with OEMs, and is a trusted partner providing full technical product supply and support.
The company operates with a team of OEM-trained Technicians, who can attend time-sensitive call-outs or work on equipment in-house using high-specification diagnostic machines.
Our clients are now offering the business for sale to facilitate the Directors’ retirement plans.
On track for a turnover of £6.4m and adjusted EBITDA of £1.7m.
YE23 turnover of £6.1m and adjusted EBITDA of £1.5m.
Circa 88% of the overall revenue is generated by existing clients.
Pipeline in place worth £284k, comprising works due to be completed for key clients in the coming months. Three prospective orders are expected to realise a further £242k from mid-2024.
Low client concentration, with the largest client only contributing 3% to the annual turnover.
Works with over 1,000 active clients in the UK and internationally, across sectors such as construction, refrigeration, agriculture and defence.
Client loyalty has been facilitated by the business’s versatility; some key relationships with prestigious organisations span over three decades.
Strong second-tier management in place.
Infrastructure in place to adapt to changing requirements within the sector, with vast potential to diversify the activities to cater to alternative fuel engines.
Strong and consistent turnover and profit growth across the last four years.