The company is a well-established and highly respected provider of street lighting installations, repairs and remedial works, focusing on sites based across the Midlands.
The company has developed direct relationships with a range of prestigious blue-chip clients, with its dependable, directly employed workforce and unwavering commitment to quality ensuring that it stands apart from competitors within a niche market.
The shareholders are now offering the company for sale as part of their retirement plans.
Key Highlights
- Specialises in the supply and installation of S38/S278-compliant street lighting, along with complementary maintenance and support.
- Predominantly works with housing developers, construction companies, local authorities and civil engineering companies.
- Benefits from a loyal, long-standing client base, with some relationships spanning circa 30 years.
- Receives a high volume of recurring custom, accounting for 90% of turnover, with numerous ongoing contracts in place.
- Skilled workforce in place, possessing the skills required to manage most day-to-day operations independently, post-sale, with candidates for Director-level roles in the current team.
- Operates from well-connected premises in the Midlands, with leasehold and freehold options available.
Financial Highlights
- The company achieved turnover in excess of £1.82 million in YE23, with an adjusted EBITDA of circa £500k.
- Both turnover and adjusted EBITDA have risen year-on-year across the last three years, with several ongoing, long-term contracts ensuring that future revenue remains secure.
