A dedicated provider of comprehensive marine equipment and services, passionate about boats of all types and sizes,. They excel at assisting boat owners with repairs, refits, refurbishments, and maintenance, offering a tailored, industry-leading service. The company's team of experienced engineers and technicians combines the latest technology with decades of real-world experience to ensure that each vessel is tailored to its owner's needs and its intended usage.
Key Aspects
• The company specialises in the refit, refurbishment, and repair of boats of all shapes and sizes.
• The company's engineers and technicians blend modern technology with decades of practical experience to tailor each boat to its owner's requirements and utility.
• The company's compact size offers a notable competitive advantage, allowing it to retain agility, flexibility, adaptability, foster robust client relationships, and handle customised projects across various budgetary constraints with swift turnaround times.
• The company has a strong competitive edge in coding vessels and the provision of safety equipment, providing a safer experience for both, its clients, and passengers on board the vessel.
• The company provides a considerably broader range of services than its industry competitors.
• The business has recently announced several partnerships aimed at enhancing its hiring of engineers and future-proofing its service offerings mitigating risk for any acquirer.
• Despite its relatively small size, the company presents an opportunity for an acquirer to buy a business that is regarded as an industry leader within its sector.
Opportunities
• The company holds £7 million worth of projects in its pipeline until March 2027, presenting a chance for a potential acquirer to promptly benefit from investing in scaling, particularly in terms of labour.
• Opportunity for a trade acquirer to gain access to top-tier expertise, engineers, market share, facilities and customer base.
• Larger trade acquirers within the industry could gain advantages by utilising the business's top-tier expertise and relationships. This would enable them to engage in more significant tenders, directly expand MoD contracts, rather than via primes, thereby enhancing both margins and opportunities.
• One of the company’s sites is situated in a 'free port area,' providing significant tax and employment advantages that benefit larger, similar and foreign trade acquirers.
• Strong reputation for innovation within the sector and develops/works on state-of-the-art products, including autonomous and AI vessels and naval crafts.
• The business maintains strong client relationships, which lead to the consistent awarding of repeat work and the maintenance of multiple vessels/naval crafts.
• Opportunity to acquire a business that operates efficiently under its second-tier management with minimal dependence on shareholders.
