The company is a manufacturer of specialist textile products that have a variety of applications, including the aerospace, agricultural, defence, maritime and materials handling sectors, as well as any industries involved in height safety.
Over its years in operation, the company has developed strong relationships with a wide range of suppliers and customers which, when paired with its extensive range of machinery, would facilitate its onward growth.
Products are manufactured from multifilament synthetics, technical high-spec yarns and natural fibres before being dyed or PVC coated. They offer several critical safety features, including ultimate tensile strength, chemical resistance, flame retardancy, and antimicrobial/antifungal finishes, to name a few.
The shareholders are offering the company for sale to facilitate their retirement. Offers invited.
Key Highlights
- Offers a flexible service to its customers, with its manufacturing processes adaptable to unique customer specifications and R&D work, with one current project having the potential to be very lucrative.
- Currently has 100 active customers generating business on a regular, repeat basis. Some of these relationships have been in place since the company’s inception.
- Also maintains a database of over 500 past customers that make purchases on a cyclical basis, with orders ranging from every few months to every few years.
- Experienced second-tier management team in place.
- Operates from leasehold premises.
- Demand for the company’s products is expected to remain high for the foreseeable future, driven by the requirement for safety equipment in a range of sectors, such as the defence, aerospace and materials handling industries.
Financial Highlights
- Turnover of £2.1m for YE23
- Achieved an adjusted EBITDA of £353k in the same year.
- Outturn turnover of £2.2m for YE24, with adjusted EBITDA rising to £371k.
- Strong pipeline, with orders typically in place for four-to-six week period, with potential to generate additional revenue upon completion of ongoing R&D work.
