Operating across North West England
Utilising a highly experienced team, the company provides drain unblocking and cleaning; non-excavational drain and plumbing repairs; CCTV drain surveys; and drainage installation for domestic and commercial clients across North West England.
Services are provided on a planned proactive or reactive basis, with the company operating a dedicated phone line that can be reached 24/7 year-round, enabling it to provide emergency repairs within one hour.
The shareholders are offering the company for sale as they wish to realise the assured wealth derived from the value of the existing business whilst facilitating further growth.
Offers invited.
Key Highlights
• Part of a leading drainage and plumbing repair franchise, benefiting from support from a centralised head office.
• Receives a high volume of repeat custom from commercial clients, including some blue-chip organisations, supplemented by ad hoc repairs for private individuals.
• Experienced second-tier management team in place.
• Operates from leasehold premises.
• Further growth could be achieved through the development of its service offering, expansion across new markets and increased marketing activity.
• Operates in a strong market, with the plumbing industry set to remain secure in times of economic uncertainty.
Financial Highlights
YE24 eight month management turnover of £2.3m.
Turnover of £2.8m in YE23, with an adjusted EBITDA of £351k.
Gross profit margin of 56%.
Turnover rising year-on-year, increasing by 35% between YE21 and YE23
