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 estimation 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 projects through to £2 million 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 a leasehold office and storage premises. The centralised location facilitates easy access to clients’ sites throughout the Midlands and the wider UK.
Financial Highlights
generated a YE23 turnover of £6 million with an adjusted EBITDA of £843,000.
projected to achieve a turnover of £8.3 million by YE25, with the adjusted EBITDA increasing to circa £1.2 million.
All income is secured through contracts, and there is loyalty from blue-chip clients; 90% of clients appoint the business for multiple projects.
-Procures approximately 70% of its revenue from four key framework agreements, three of which will be in place until at least 2026.
in an advantageous position to be awarded a subsequent contract with a large blue-chip client in autumn 2024.
has a strong 2024 pipeline in place, with £5 million worth of work scheduled. The business is ideally positioned to advance its activities for existing clients, with scope to attain a further £2m. Outstanding tenders total £5 million.
