The company is a family-run provider of new and used commercial vehicle sales, leasing and rental services, offering a broad range of standard and specialised vehicles from leading manufacturers.
Operating nationally, the company has developed a significant customer database, with its unique combination of flexibility, experienced staff and personalised service ensuring that it stands apart from its competitors as a leading supplier in a sector with a high barrier to success.
The shareholders are now offering the company for sale to secure investment that will support its continued growth, and would be happy to remain with the business, post-acquisition.
Key Highlights
- Offers a broad range of new and used vehicles, including vans, 4x4s, EVs, cars and specialist vehicles.
- Operates hire fleet of over 200 vehicles, over 50% of which are currently retained by customers on longterm leases.
- Works with commercial, corporate and private customers, with a significant database of over 15,000 customers.
- Predominantly works with SMEs with fleets of onetofive vans, benefitting from a diverse customer base, with no reliance on any key accounts.
- Experienced management, sales and operational staff in place, capable of managing and growing the business independently.
- Operates from wellconnected leasehold premises in North East England, with nationwide delivery options.
Financial Highlights
- Achieved turnover in excess of £11.98 million in YE24, with an adjusted EBITDA of circa £1.93 million.
- Benefits from a reliable stream of recurring revenue from vehicle hire services, which account for a growing proportion of income each year.
