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Outstanding opportunity to acquire a well-established building mechanical services company located in South East England (Thames Valley).
The company offers a complete package of building mechanical services, pipework installation and prefabrication services including process systems for industry, laboratory gasses, pharmaceutical and HVAC building services.
Founded in 1986, the company is very well established and has long standing and secure relationships with their clients. This is demonstrated by a 95% rate of repeat business from existing clients.
The company’s client base comprises of a wide variety of businesses including large government trusts, hospitals and educational institutions. They have a framework agreement in place with a large vehicle manufacturing company, covering all their UK plants, and are the preferred mechanical services provider for this company.
The company has use of a fabrication workshop and undertakes the manufacture of small steel structures such as fire escapes and platforms, etc.
The company typically undertakes projects up to £2 million in value, subject to the duration of project, and are competent to operate as Principal Contractor on this scale of project.
They pride themselves on offering a competitive charging structure without compromising on quality craftsmanship and personal service.
Forecasted sales revenue for the financial year to July 2017 is £3.7m with a gross profit of £739k.
The company would be an excellent opportunity for a larger company in the same sector and looking for a stronger base in the South East, or for a company looking to diversify into mechanical services.
Ductwork – sheet metal
Ductwork – plastics
Local exhaust ventilation systems
Thermal sound engineering
Commercial heating and plumbing
Industrial process pipework
Prefabricated pipework and plant rooms
Lloyds Class 1 welding
There are 3 shareholding directors and 24 employees as follows:
1 Senior Project/Contracts Manager
3 Project/Contract Managers
1 Industrial Gas Supply Manager and Driver
1700 sq. ft. office area
1200 sq. ft workshop
2900 sq. ft yard area
Rent of £26,460 per annum (excl VAT), plus £4,700 rates per annum
Reasons for sale
The two majority shareholders of the business are at retirement age and would like to exit following an agreed handover period.
Financial overview year end 31 July 2017 (Forecast)
Sales revenue £3,745,551
Gross profit £739,466 (19.7%)
Adjusted EBITDA £381,351 (10%)
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