Based in south east England.
The company is a leading provider of material handling equipment solutions, specialising in the hire, sales, and repair of forklifts.
Its fleet includes various types of counterbalance, reach, articulated trucks, telehandlers, scissors lifts and order pickers.
The business provides reliable routine maintenance, repair/services and accredited RTITB training courses for operators. These training courses cover the above truck types.
The current asset base stands at circa 1,000 units.
Our clients are offering the business for sale to facilitate retirement plans.
Benefits from 318 active clients/contracts producing £2.365m rental income in the last financial year.
In addition holds a finance lease book with one of the leading providers, total finance value of over 102 agreements at £4.567m with 235 assets.
Experienced and dedicated workforce in place, with high staff retention rates and a wealth of in-house expertise.
Our clients have indicated that they would be willing to provide a handover period, subject to negotiation.
An ideal bolt-on opportunity for complementary service providers looking to extend their offering and client base.
Operates from two leasehold premises.
- Generated a YE23 turnover of £4.2m, with an adjusted EBITDA of circa £1.7m.
- YE24 annualised turnover of £5.4m, with the adjusted EBITDA expected to increase to circa £1.7m.
Offers invited.
