Product design, Development and Engineering Specialist

  • Price: Offer Invited
Seller Ref:155623
For Sale

Product design, Development and Engineering Specialist

Seller Ref:155623
  • Price: Offer Invited

Description

Offered for sale is a fast-paced, innovative company that supports clients at every stage of the product design and development cycle.

The business initially engages with the client to define the specifications and branding, before providing mechanical engineering, prototyping, analysis, manufacturing and build, test and commissioning.

Having operated for over 30 years, the company has become a respected specialist within its industry and has developed a long-standing client base, excellent in-house capabilities, and an extensive network of suppliers, partners, and specialists.

Having built up a highly reputable business, our client is open to a flexible sale structure, including onboarding a partner and completing a back-end buy-out to facilitate growth.

Key Highlights

– Operates in a vast range of industries, such as defence, special purpose machinery, medical, consumer products, space, automotive, and aviation.

– Currently works with circa 50 clients, 80% of which provide ongoing streams of reliable revenue.

– Can consult on one individual stage in the product design process or provide a full turnkey solution.

– Works collaboratively with the client to understand their technical and financial requirements.

– Utilises a highly skilled team of subcontractors dependent on project requirements, which provides resource flexibility to match requirements.

Financial Highlights

– YE23 turnover in excess of £581k with an adjusted EBITDA of £128k achieved within the same year.

– Steady gross profit margin, averaging 34% over the last three years.

– Projected figures indicate in excess of £824k, with an adjusted EBITDA of £228k for YE24.

– Recently acquired additional work for a long-standing client to supply parts for a genome sequencing machine, which is expected to generate between £150k and £225k per annum.

– The business has recently won an order to develop and deliver two lifting systems for a vacuum technology company, at a value of £160k, with an expected eight systems in the future.

Is this business relocatable:
No
Is stock included:
NA

Listed By:

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