The business was originally founded by our client some 17 years ago and formed as a Limited company in 2009. The business currently has 16 full time employees, with all employment contracts available upon request.
The Executive Assistant plays a key role in the daily running of the business and has extensive knowledge of the operation.
The company is currently not in the process of recruiting new staff.
The Yard Manager is capable of looking after the day to day operations, although the current vendor is hands on and further work would need to be undertaken by the Purchaser to complete a transition. He is also WAMITAB compliant.
The business is reliant on the knowledge of the Managing Director whom has vast industry experience particularly when purchasing scrap vehicles.
The new owner would need to have or make provision for these qualities.
This business is a reputable general dealer in scrap metals, located in the East Midlands area of England. They business specialise in the collection and recycling of all motor vehicles, cars, vans, trucks and motorcycles including MOT failures, unfinished projects or accident damaged vehicles.
There is also a large salvage division currently headed by the Managing Director. Furthermore, the business has contracts in place with two national insurance companies.
Using cutting edge treatment facilities they process scrap vehicles with the minimum impact on the environment.
The business occupies a secure site measuring cica 1 acre, which includes. End-of-Life and De-pollution buildings.
Offered on a leasehold basis, with a new lease to be agreed with our client. The Freehold is also available if desired.
ACCREDITATIONS AND LICENCES
Waste Management Licence
Registration under scrap metal dealers act
Motor salvage operators regulation registration
The business works to all UK legislation and regulations
Members of MVDA
Members of Car Take Back
Waste management license
Hazardous waste license
WEE – Electrical waste license
The business operates in line with EU Directives including:-
European End-of-Life Vehicles Directive
Control of Substances Hazardous to Health Regulations
Management of Health and Safety at Work Regulations
Dangerous Substances and Explosive Atmospheres Regulations.
Potential to expand into the light commercial vehicle market.
Huge scope to further profit by selling spare parts to local businesses and consumers, something the current vendor does not do.
A new owner with dedicated resources will have the ability to purchase salvage vehicles direct from Insurance companies.
Develop the current website to facilitate the sale and purchase of scrap metal.
Expand into spare parts retail
The salvage department is currently underutilised. There is great room for expansion in this department.
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