Architectural & Structural Steel Work Company For Sale

Business description

The company has been established since 1983 and became a Ltd operation in 1991. It designs and builds structural and architectural steelwork for a range of blue chip clients. While most of its work is generated in the South West there are a number of clients who will be requiring its services for projects across the UK

It acts as a sub contractor for twenty major national companies providing bespoke steelwork for supermarket chains, schools and colleges, large homebuilders, architects, and office developments. It does not operate in the residential homes sector.

It has grown its volume turnover year after year and continues to do so in the present economic climate. Its success is based on the depth of knowledge that only time provides, design ability and attention to detail, the willingness to be seen to go the extra mile and unbending attention to Health and Safety Training. This has made it a key player in a competitive market.

Equipment:

Well-equipped workshop with three, five-ton overhead gantry cranes.
CAD 2009 design software with advanced steel package.
Sage accounts.
Sage Construction with in depth project management facility.

Key Strengths:

Excellent client base
Consistent financial performance
Forward order bank
Strong profits
Quality personnel

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Property information

Property:

Leasehold

Lease terms:

The annual rental will be £40,000.

Location:

The premises are available to lease. They consist of a yard of around one acre with parking for fifty cars. Workshop, reception and offices covering 6500sq ft. The annual rental will be £40,000.Planning permission has been granted for a further three offices and an additional 6500 sq ft of workshop space.

Other information

Expansion potential:

The market outlook is extremely strong. There is more than enough work to justify an expansion of the workshop and the recruitment of some additional staff. Existing clients are very keen for the business to take on a lot more work for them on a national basis rather than confining their activities to the South West.
There is a massive opportunity to capture a significant amount of work leading up to the 2012 Olympics.
Planning permission has been granted for a significant development of the company’s premises.

Competition / Market:

The company has no need to advertise.

Support & training:

There will be a full and professional handover for a period to be agreed as part of the overall sales negotiation

Reasons for selling:

The key director has decided that he would like to take partial retirement. He would however be willing to stay associated with the business in an advisory capacity and as a Health and Safety Trainer should the purchaser require him to do so.