Project Sierra provides a range of electro, chemical, and mechanical surface treatment services for metal parts, including anodising, electroplating, and paint spraying.

This is augmented by a variety of chemical and material testing services, including the non-destructive testing of finished parts.

Operating for over 20 years, the company benefits from a host of accreditations and has developed long-standing relationships with prestigious clients, predominantly operating in the aerospace and defence sectors.

Demonstrating its attention to detail and commitment to quality, the business operates a registered quality system to ISO 9001 and AS 91000 standards, and is Nadcap approved for chemical processing and non-destructive testing.

Having built a highly reputable business, our clients are now offering the company for sale to facilitate their retirement plans.

Offers invited.

Key Highlights

– Primarily focuses on clients in the defence and aerospace market, as well as serving clients in the marine, high-end commercial, industrial, and energy sectors.

– Currently works with circa 450 active clients, 70% of which provide reliable streams of ongoing revenue.

– Highly integrated IT and quality management system in place.

– Robust and experienced management team in place, with little oversight needed from the shareholders.

– Operates from leasehold premises, which houses all testing and treatment services.

– The introduction of additional complementary services, such as light assembly, kitting, and part making, would enable the business to become a one-stop shop for paint and testing services.

Financial Highlights

– YE23 draft figures indicate a turnover of circa £2.8m.

– Adjusted EBITDA in excess of £1m achieved within the same year.

– Average gross profit margin of circa 45% over the past five years.

– 80% of the company’s turnover derives from Southern England, with the remaining 20% being generated from clients across the UK, providing an ideal opportunity to expand geographically.