Overview
Description
The company provides industrial and marine engineering solutions, offering in-house design; component supply; commissioning and installation; LOLER / HAVS testing; and equipment hire.
The business operates to various ISO certification standards, and is an approved supplier for hydraulic systems and RO-RO ship examinations.
Our client is offering the company for sale to facilitate growth under the impetus of new ownership. Offers invited.
Key Highlights
– Works with clients throughout Scotland and England, with 90% of clients generating recurring income.
– Has retained loyal client relationships across sectors such as defence and petrochemical.
– Broad, diverse client network, with no individual client generating over 14% of the company’s income.
– Wealth of in-house expertise, with the Directors willing to remain in-role, post-sale.
– Operates from leasehold premises, which are ideally located to service the client network.
– 95% of the business’s activities are delivered within Scotland, presenting vast scope for geographic expansion.
Financial Highlights
– YE23 turnover of £2.21m.
– Adjusted EBITDA of £379k achieved in the same year.
– Shareholder funds demonstrating year-on-year growth.
– Over £1m due to be realised in recurring revenue.
Leasehold Terms:
Is this business relocatable:
Is this business home based:
Is accommodation included:
Is this In administrative/receivership:
Is stock included:
Listed By:
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