The Company provides haulage services, utilising a fleet of articulated and rigid moffett and tail-lift vehicles up to 26 tonnes.
In addition, the company operates a commercial garage through which it provides vehicle servicing, repairs and MOTs for cars, motorbikes and vans. This enables it to cater to a broader range of clients, ranging from commercial organisations to the general public, whilst also removing the requirement to outsource maintenance for its own fleet.
The shareholders are offering the business for sale to facilitate their retirement.
Offers invited.
Key Highlights
- Additional services provided by the company include vehicle and trailer hire, and warehousing.
- All drivers hold ADR and Moffett licences, with the Company also licensed as a waste carrier.
- Caters to 56 commercial clients in total, receiving a high volume of repeat business from 95% of clients, with some client relationships spanning 20 years.
- Experienced team in place to manage garage operations post-sale, with one of the Directors happy to remain in their position as Transport Manager for a handover period.
- Operates from leasehold premises.
- Well placed to explore opportunities in the general haulage and waste management sectors, both of which are expected to grow considerably over the next few years.
Financial Highlights
- Company 1 achieved a turnover of £754k in YE23, with an adjusted EBITDA of £116k.
- Company 2’s turnover reached £327k in YE22, with an adjusted EBITDA of £223k
- Company 1 has a gross profit margin of 55%, with Company 2‘s reaching 41%.
