FY19 turnover of £1.24m, with an adjusted EBITDA of £303k.
Gross profit margins consistently circa 50%.
Circa £100k in outstanding revenue each month from its biggest repeat customers.
Remanufactures gearboxes, providing a fully comprehensive service managing the whole lifecycle of the gearbox repair, from the removal of a defective unit, through to the fitting of a remanufactured unit.
Has a large amount of available stock for immediate delivery.
Serves clients nationally across a range of automotive sectors, including: fleet, motor factors and garages.
Annual contracted income accounts for circa 40% of turnover.
Strong second-tier management team in place, not reliant on the directors.
ISO 9001 certified.
Operates from leasehold premises.
Established website in place, with the company spending circa £100k on AdWords annually.
The shareholders are offering the business for sale to facilitate retirement plans.