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Electronic manufacturing and testing services
Based in south-east england
FY19 turnover of £3.61m, with an adjusted EBITDA of £487k. Established circa 30 years ago. Net assets currently valued at circa £1.3m. Specialises in realising advanced electronics solutions destined for harsh and demanding operating environments, including printed circuit boards and thick-film hybrids. Operates nationally, working with clients across a diverse range of sectors, including defence, security, aerospace and marine. Client base of 50 with a retention rate of 90%. Strong second-tier management team able to run the business on a day-to-day basis. Operates from 25,000 sq ft leasehold premises. Large number of accreditations and certifications. The shareholder is offering the business for sale to facilitate retirement plans. Offers invited.
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