Project Otavite delivers a wide range of civil, geo-environmental, and structural engineering solutions, providing its expertise to projects ranging from individual jobs on housing estates to large highway schemes.
Services can be offered as standalone or an end-to-end package, encompassing site appraisals and desk studies; drilling, laboratory testing, and forensic failure investigations; in-depth reporting; analysis, inspections, and appraisals of superstructure and substructure projects; drainage design and feasibility; and drawing preparation.
The company utilizes various state-of-the-art technologies, such as the Professional Design Suite and AutoCAD.
Our clients are offering the business for sale to facilitate retirement plans. Offers invited.
Key Highlights
- Frequently re-appointed by numerous core clients, including local authorities and blue-chip construction firms.
- Wealth of in-house expertise in place, facilitated by low staff turnover rates.
- Second-tier management personnel who can take on greater responsibility within the business.
- Operates from premises based in North West England, which are owned by the shareholders and leased to the company; circa 25% of the property is currently unused, presenting scope to expand the team effectively.
- Ideally placed to procure local authority frameworks to generate recurring revenue.
- Primed to take advantage of developments within the consulting engineering, civil engineering, and housebuilding sectors.
Financial Highlights
- YE24 turnover is forecast at £1.6m.
- Generated a YE23 turnover of £1.8m, with an adjusted EBITDA over £700k.
- 80% of the business’s work is for the housebuilding sector.
- Circa 80% of revenue is derived from existing clients.
- The development of a diverse client network has enabled the business to operate without reliance on any particular client to generate income.
- Maintains a steady pipeline of £150k–£200k per month, with the majority of projects completed within a month of an initial inquiry.
