Project Meyrick utilises a flexible workforce to undertake refurbishment and extension projects on a wide array of premises, including education establishments, hotels, NHS buildings and residential properties.
The company offers an all-encompassing solution for each project, from estimating to handover. Services include mechanical and electrical works; internal and external decoration; groundworks and landscaping; and the installation of flooring, structural elements, facilities, and premises-specific furniture.
The business can scale its activities to suit evolving requirements, effectively completing small works through to £2m schemes.
Our client is offering the company for sale to facilitate lifestyle changes. Offers invited.
Key Highlights
- Accredited by CHAS Advanced, Constructionline Gold, and SafeContractor. Also operates to ISO 9001, 18001 and 45001 certification standards.
- Works with schools, universities, Government departments, local authorities, property developers and other organisations, primarily in the Midlands.
- Generates 10% of its income from nationwide projects, presenting vast potential for geographical expansion through existing clients.
- A manager has demonstrated the necessary skills and expertise required to absorb the director’s responsibilities, post-sale, subject to further management support.
- Operates from leasehold office and storage premises. The centralised location facilitates easy access to clients’ sites throughout the Midlands and the wider UK.
Financial Highlights
- YE26 seven-month turnover of £3.2m, with an adjusted EBITDA of £567k.
- Generated a turnover of £7.5m in YE25, with an adjusted EBITDA of £1m.
- All income is secured through contracts, and there is loyalty from blue-chip clients; 90% of clients appoint the business for multiple projects.
- Procures a significant proportion of its revenue from four key framework agreements, one of which will be in place until 2032.
- Has a strong pipeline in place, with £2.2m worth of works scheduled. The business is ideally positioned to advance its activities for existing clients, with outstanding tenders totalling £5.5m.
