Overview
Project Theta specialises in jointing, cabling, associated installations, testing, and decommissioning works.
In order to provide a turnkey solution to clients, the business offers complementary services alongside the works detailed above, including excavation and reinstatement, substation installation, earthing system installation, and scaffolding.
Operating for over 20 years, the company has developed long-standing relationships with numerous DNOs, which has led to consistent streams of reliable revenue and an exceptional reputation within the industry.
The business benefits from a nationwide client base and has worked on projects overseas.
Our clients are now offering the business for sale to facilitate retirement plans.
Offers invited.
Key Highlights
Proficient and highly skilled employees are in place, led by an experienced management team.
Provides a fully calibrated range of testing equipment, which the company’s dedicated team is fully trained to use.
Certified to install a wide range of industry-standard components by all mainstream manufacturers.
Operates throughout the electricity transmission and distribution industry, with private networks, and across the renewable sector.
Currently, it benefits from 20 active clients, all of which provide reliable streams of ongoing revenue.
Has developed long-standing working relationships with a multitude of alliance partners.
Financial Highlights
YE23 turnover in excess of £1.8 million.
Adjusted EBITDA of £582k was achieved within the same year.
Average gross profit margin of 55% between YE21 and YE24.
YE24 draft figures indicate a turnover in excess of £1.9 million.
YE25 forecasts a turnover of £2.2 million.
Freehold premises with a value of £400k can be included in the sale of the business.
Forward order book value of £1.2m, with contracts in place until 2026.
During YE24, circa 85% of income was derived from established clients.
