Project Hawthorn supplies a wide range of surface finishing machinery and associated consumables. In addition, the company provides subcontract finishing work.

New, used and economy equipment is offered, ensuring customers’ budgetary requirements can be met.

The specialist machinery is supplied to a very diverse range of sectors and can be used to finish a vast array of materials, products, parts and components.

Our clients are now offering the company for sale to facilitate the majority shareholders’ retirement plans.

Key Highlights

– A specialist provider operating in a niche sector with strong barriers to entry.

– Operates primarily within the UK, with some products supplied to Ireland, presenting vast potential for geographic expansion.

– Works with over 580 customers across industries such as machinery, mechanical, medical manufacturing, automotive, electronics and industrial.

– Given the diverse nature of the products supplied, the company is not reliant on any one sector.

– Two employees have been appointed to fill the Directors’ roles, facilitating the shareholders’ exit.

– Operates from two freehold and two leasehold premises, with the centralised location streamlining access to customer sites across the UK.

– Includes a recurring revenue stream through the supply of consumables, which accounts for 25% of the annual turnover.

– Additional 25% repeat business through regular subcontract services.

Financial Highlights

– Generated a YE23 turnover of £2.1m, with an adjusted EBITDA of c.£840k.

– YE24 projected turnover of £2m and adjusted EBITDA of £861k.

– Approximately 80% of customers provide repeat business, owing to ongoing machinery consumables and subcontract requirements.

– Very low customer concentration, with the top customer contributing less than 4%.