CoGoGo welcomes to the market Portapack Engineering Limited, which was established in 1985, our client is looking to sell due to retire.
Portapack moved in to larger premises at the start of 2018, therefore creating extra work room for more employees if required.
Portapack has a strong agricultural engineering background as well as food processing, as this fits in well with the region, Portapack also specialise in:
• Manual lathe machining
• Turning- milling operations
• Metal cutting
• Boring
• Welding
• Drilling
• Fabrication
• Industrial & agricultural equipment
• Engineering breakdowns
• Prototypes & product developments etc
Having been in business since 1985, they have highly experienced engineers for Engineering work, Machinery maintenance and Labour suppliers to the Farming and Food Industry locally, nationally and internationally.
The company has a good spread of repeat customers and serve a range of industries from Food, Farming, Oil, Gas, Automobile, Construction, Aerospace and work for the Ministry of Defence, Local Authorities, Hospitals, Garages, Schools, etc.
They have a large workshop with a number of latest Manual Lathes, Milling Machines, Welding Equipment, Cutting and Boring facilities on site. Portapack can machine with all grades of mild steels, carbon steel, stainless steel, aluminium, brass metals and plastics.
The business is being sold with the website ---.---------.--.--
Although an established company there is scope for further development by looking in to:
• Advertising and promotion
• Extending the coverage of agricultural and farming works
• Consider increasing staffing levels
There are many reasons to buy Portapack including:
• Established company within the area
• Wide current client base that could be tapped in to
• A strong agricultural area giving more potential clients
CoGoGo highly advise early viewing to avoid disappointment.
Financial Profile
Portapack Engineering Limited generated an advised turnover of circa £112,000 as of the 2021 accounts with a gross profit of 70% and an adjusted net profit of £21,549
The assets being sold with the business are worth in the region of £65,000.
For Further Information please contact CoGoGo quoting reference B04787
