Precision Tools for sale in West Midlands

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Mrs Herbert (Nov 2017)
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Business Description
Business Partnership is pleased to have been appointed as sole selling agent in order to seek a purchaser for this very well established business, which was originally started by a family member some 70 years ago, and has only been made available for sale due to pending retirement.

Our client is fully engaged in the day-to-day running of the business and has stated that he is more than happy to offer an excellent handover, which could involve working in the business for up to 2 years.

The business specialises in complex and technically complicated machined parts which require tailored solutions to high degree of tolerance.

Our client supplies low volume, niche, precision parts and is also more than happy to be a subcontract manufacturer when high volume work is required. 

Offers sought for 100% of the issued share capital, plus the net assets at time of completion (balance sheet stood at £180k as of 30/08/2016).

Further information available upon completion of our Non-disclosure Agreement.

  • Founded for over 70 years and still under the same family ownership.  
  • Average sales for the last 3-years were £576,918 with 2017 projected to be in the region of £560,000.  
  • Excellent gross margins averaging some 53% over the last 3-years, with adjusted pre-tax profit of over £200k during YE 30 September 2016.  
  • Diverse client base across many business sectors including Metrology, Automotive, Battery Manufacturers, Pumping Supplies, Press Tool Industry etc., with no one company taking any more than 21% of overall turnover.  
  • Offers sought for 100% of the issued share capital, plus the net assets at time of completion (balance sheet stood at £180k as of 30/08/2016).  
  • Our client has confirmed that an excellent extended handover is assured.   
  • Genuine retirement sale with the sole shareholder looking to fully retire.  
Listed by: Business Partnership

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