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Civil Engineering Company Specialising In Marine Environments In Teeside For Sale

Teeside, Tyne and Wear, UK
Asking Price:
Over £5M
Turnover:
£24
Net Profit:
£2

The Company has an impressive reputation for undertaking technically
demanding contracts in harsh and challenging environments and specialises in
delivering top-tier civil engineering construction and design and build contracts
specifically tailored to the marine environment.

With a rich portfolio of successful projects, the Company has solidified its
position as a leading provider of various services, including but not limited to:

•River & coastal works
•Jetty, quayside and sea wall repairs
•Reinforced concrete structures
•Timber demolition & reconstruction
•Steel piling
•Flood defences
•Bridges and non-marine structures

With a proven history of excellence, expertise in challenging environments, and
a commitment to providing specialised services, the Company is the ideal choice
for those seeking to expand their portfolio and venture into the thriving world of
civil engineering and construction.

The last four years have seen total sales of £39,090,976 with a total
combined non-adjusted EBITDA of £3,375,533.

The next four years' total sales are forecast at £71,360,322 with a
non-adjusted EBITDA of £8,841,102.

The numbers presented in the forecast for the year 2023 have been
extracted from management accounts from August 2022 to July 2023.
These records indicate cumulative turnover of £25,378,147 for 2023.

These figures are evidence of the Company's efficient cost and expenses
management.

As profits and sales grow, residual profits could be reinvested in expanding
tangible fixed assets and distributed as cash dividends. The Company will
always remain profitable and cash flow positive

Property Information

Property:

Freehold

Business Operation

Reasons for selling:

In 2020 the current Shareholders set an exit strategy based upon
key targets being attained within a maximum timeframe of 3 years.
The Business is at a stage where these targets have been surpassed. The next step in
significant growth for the Company can best be delivered in the hands of a Company with
greater managerial and financial resources.
The current directors are effectively leading the business independently of the shareholders.
The objective is for the shareholders to step away from the business after the sale, allowing
the directors to remain in their roles.
The vendors anticipate a sale on a debt-free cash-free basis, and the expectation is that
completion will take place during Q1 2024.

Other Information

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