Overview
Description
The company is a precision engineering and fabrication business that specialises in small-to-medium batch production and offers scheduled production and one-off prototyping, where required. The company has CNC machining capabilities and offers metal fabrication, providing OEMs with regular deliveries.
Priding itself on its exceptional workmanship, the company experiences a very high level of repeat business; 95% of turnover is with existing clients. The company has developed good relationships with local education providers that assist with recruiting and training staff to an excellent standard.
The company is now being offered for sale to enable the Shareholders to pursue other, unrelated interests.
Our clients are open to all types of structured deals subject to terms.
Offers invited.
Key Highlights
– Certified to ISO 9001:2015 QMS and ISO 14001:2015 EMS standards.
– Wide-ranging and diverse client base across the marine, industrial, construction, and automotive sectors.
– Operates from leasehold premises, the freehold of which could be included in the sale, subject to separate negotiations.
– Strong second-tier management team capable of undertaking most daily operations and driving business development independently from the Director.
– Is expecting continuing year-on-year growth from existing customers through organic expansion and upselling additional services to these customers.
Financial Highlights
– Turnover of £840k in YE23 with an adjusted EBITDA of £130k.
– Projected turnover in excess of £1m for YE24 with an adjusted EBITDA of £250k.
Is this business relocatable:
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