The company provides comprehensive engineering shift cover and electrical installation solutions for organisations operating in industrial sectors, working closely with clients to provide bespoke solutions that enhance their operations.
Operating nationally, the company prides itself on providing efficient, dependable services, utilising a skilled workforce to provide rapid support in critical sectors. The quality of its offering has facilitated the development of strong relationships with clients, ensuring that it continues to benefit from a high volume of recurring custom.
The company is being offered for sale to facilitate the shareholders’ pursuit of alternative, unrelated ventures and/or retirement.
Key Highlights
- Offers a broad range of electrical installation services, including new build installations, fitouts, relocations, line moves, lighting works, maintenance, inspections and repairs.
- Retains a dependable team of qualified, multiskilled cover staff, enabling it to provide support for critical operations.
- Predominantly works with clients in the manufacturing, food and drink, engineering and construction sectors.
- Receives a high volume of recurring custom, with no reliance on any key clients and several relationships spanning over five years.
- Experienced management team in place, capable of managing and growing the business independently.
- Operates from leasehold premises in East England.
Financial Highlights
- Achieved turnover of £3.77 million, with an adjusted EBITDA of £865k.
- Benefits from dependable, recurring income from service contracts, currently contributing 10% to turnover, with this being highlighted as a key growth opportunity for the future.
- Installations valued at £805k scheduled to commence within the coming months, with further quotes valued at £2.5 million currently under consideration with clients.
