The company offers an electronics design and manufacturing service, with many of the items being designed in-house for customers requiring bespoke products for security, medical, automotive, traffic management, education, heating and lighting sectors, amongst many others.
Priding itself on its wealth of in-house knowledge and expertise, the company updates products at customers’ requests, as well as providing extensive after-sales support.
The business is now being offered for sale to facilitate retirement plans.
Offers invited.
Key Highlights
- Benefits from a wide-ranging and diverse international customer base, most of whom provide ongoing, repeat business.
- Strong second-tier management team and experienced, knowledgeable staff in place.
- Operates from recently refurbished leasehold premises.
- Growth is anticipated from existing customers looking to expand their product lines.
- Extending the company’s design capabilities by hiring skilled staff and investing in technology could facilitate ongoing development.
Financial Highlights
- Turnover in excess of £942k in YE24 with a gross profit of £594k.
- Achieved an EBITDA of £237k in the same year.
- Pipeline of work in place carrying out product upgrades for existing customers worth an additional circa £950k per annum.
