The company primarily focuses on the provision of electrical engineering services, whereby it offers turnkey services to local DNOs and IDNOs, and secondarily supplies multi-utility services for local housing developers.

Working exclusively on projects across Scotland, the company has secured a number of significant, long-term contracts and framework agreements with leading national utilities companies, including works relating to substantial regulatory projects required by Ofgem, meaning that there remains a sustained requirement for its services.

Our client is now offering the company for sale as they wish to pursue alternative, unrelated ventures, whilst supporting the continued growth of the business following their departure.

Key Highlights

– The company offers all-encompassing solutions for its clients, incorporating mechanical and electrical engineering, SAP, cable jointing, civil engineering, design and project management services.

– Benefits from a highly qualified, directly employed workforce, providing enhanced control over projects whilst maximising profitability.

– Holds a number of industry-recognised approvals and certifications, including ISO 9001, ISO 14001, ISO 45001, SSIP and Investors in People – Silver, and is registered with the National Electricity Registration Scheme.

– Long-standing management team in place, with several highly experienced Directors already in place to lead key divisions of the business, post-sale.

– Operates from ideally located freehold premises in Scotland, which benefit from convenient access to major routes across the region and are currently being extended to support further expansion.

Financial Highlights

– Achieved turnover of £3.1 million in YE23, with an adjusted EBITDA in excess of £1 million.

– The company has achieved consistent year-on-year growth across the last four years, with turnover and adjusted EBITDA increasing by 501% and 6,441%, respectively, between YE20 and YE23.

– Turnover on course to reach £8 million in YE24, with an adjusted EBITDA of £2.1 million.

– Having secured a number of significant contracts and framework agreements with major clients, relating to essential works, future revenue is secure.

– Contracted revenue accounted for 50% of turnover in the last year, with a significant proportion of remaining revenue being generated from additional sales from existing clients relating to contracted works.

– Maintains strong gross profit and adjusted EBITDA margins, reaching 81% and 39%, respectively, in YE23.