Operating in Yorkshire and the East Midlands
Operating for over four decades, the company provides tarmac surfacing, block paving and other related minor civil works, catering to the housebuilding and wider construction sectors in Yorkshire and the East Midlands.
Specialising in both machine and hand laying of asphalt, the company provides a fully scalable service that meets the requirements of projects of all sizes, maintaining a high level of quality and safety at all times.
Having developed an excellent industry reputation, the company now benefits from long-standing relationships with some of the largest operators within the housebuilding sector, including several well-known blue-chip clients, all of whom provide regular repeat business.
The business is being offered for sale to facilitate the retirement of the shareholders.
Offers invited.
Key Highlights
- Annual tonnage of over 30,000 per annum.
- Caters to over 40 clients on a regular basis, with some relationships spanning over 40 years.
- Strong asset list featuring vehicles with a new book value of £174k.
- Accredited by ALCUMUS, CHAS, SMAS and PQS.
- Experienced second-tier management team in place, many of whom have over 30 years experience.
- Operates from freehold premises, which may be included in the sale on a freehold or leasehold basis.
Financial Highlights
- Turnover of £5.5m achieved in YE23, with an adjusted EBITDA of £394k.
- YE23 turnover includes a one-off project with a sale value of £695k, which the company does not expect to expand on.
- YE24 forecast of £4.65m, with an adjusted EBITDA of £320k.
- Current pipeline of £500k.
