Overview
The company specialises in precision turned parts, manufactured from a wide range of exotic materials, such as stainless steel 316L, Super Duplex, Inconel 625, Monel 400, and Titanium grades 1 and 2.
As well as working with a wide range of exotic materials, the company manufactures varying types of flexible hose couplings, socket weld, butt-weld adaptors and butt-weld elbows and tees.
The business benefits from its own range of high-pressure components, and can work with customers on bespoke designs, using state-of-the-art machinery and computer programs for rapid design and product delivery.
The business is now being offered for sale to facilitate retirement plans.
Offers invited.
Key Highlights
- Long-standing key customer relationships, particularly within the oil and gas industry.
- 12 active customers, all of whom provide reliable and recurring streams of revenue.
- Enquiry to Order conversion rate, 2018 – 2023 average >60%.
- A trusted partner to their loyal customer base; partnerships achieved through years of rapid RFQ turnaround, the provision of high-quality products, full material traceability along with certification, delivered on time with consistently high margins.
ISO:9001 accredited.
- Serves customers across the UK, Norway, Brazil, and the USA.
Operates from large workshop and office premises (circa, 11,500sq/ft), which are owned by the shareholders and leased to the company, with scope to extend the facilities.
- Experienced and dedicated Senior Management Team, along with Technicians, CNC Programmers, Setters and Operatives in place.
Key Opportunities
- Significant opportunity to develop in oil and gas market.
- Growth into new and adjacent markets.
- Develop capabilities and partnerships to offer turnkey solutions.
- Development of sales and marketing capabilities to develop brand awareness.
Financial Highlights
- YE23 draft accounts show a turnover of £1.2m with YE24 projections indicating a turnover in excess of £1.2m.
- Premises with a market value of £800k can be included in the sale of the business, subject to negotiations.
- Currently working with an onboarded customer to secure a three-year framework agreement, which is set to contribute 15% of the business’s overall turnover.
