Overview
Description
The company utilises state-of-the-art equipment to provide dependable subcontracted machining and assembly services, specialising in the delivery of complex 3D machining solutions and producing small-, medium, and large-volume orders for use within a diverse range of applications.
Utilising a highly experienced team, the company works in partnership with clients throughout all stages of production, providing support for the design and development of components, through to manufacturing, testing and assembly, with the business being renowned amongst clients as an invaluable supplier with industry-leading insight.
Having built up a strong and respected business, the shareholders are now offering the company for sale as part of their retirement plans.
Key Highlights
– The company is focused on the delivery of high-quality precision machining and assembly solutions, producing a wide range of unique components for its clients’ varying requirements.
– Benefits from a diverse client base, predominantly working with large organisations in the electric vehicle, medical, fastener, aerospace, pneumatics and automotive sectors.
– Maintains strong, long-standing relationships with blue-chip clients, some of which span over nine years, with all of its active clients providing reliable, repeat custom on a regular basis.
– Loyal and highly experienced team in place, which possesses extensive knowledge of the sector and has demonstrated the skills required to manage day-to-day operations with minimal oversight.
– Operates from fully fitted leasehold premises based in South West England, which feature extensive CAD, milling, turning and assembly facilities.
Financial Highlights
– Achieved turnover of £3.2 million in YE23, with an adjusted EBITDA of £849k.
– Approximately 80% of turnover is reliably supplied through recurring orders, blanket orders and long-term contracts.
– Possesses a wealth of assets, including state-of-the-art plant, machinery and equipment collectively costing in excess of £3.1 million.
– Having recently been awarded a number of high-value projects, turnover and profitability are projected to rise considerably over the coming years.
– Maintains strong gross profit margins, averaging 35% across the last three years.
– Future revenue is secure, with the company having built up a prominent presence within a diverse range of sectors, with no reliance on any key clients.
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