Project Monazite provides award-winning,
cost-effective and reliable container haulage solutions across the UK, utilising a fleet of 20 72-plate Euro 6 trucks.
The company generates supplementary income through container lifting, storage and repairs. It holds VOSA approval and several driving personnel have completed ADR training, enabling the business to store and transport hazardous goods.
An asset register worth circa £940k is included in the sale, consisting of trailers, empty and laden container handlers, and workshop equipment.
Our clients are now offering the company for sale to facilitate their retirement plans. Offers invited.
Key Highlights
- Has established numerous long-standing relationships, some of which span over a decade.
- Wealth of in-house expertise in place, with two recently appointed Directors capable of absorbing the exiting shareholders’ duties.
- Shareholding Directors willing to deliver a handover period.
- Operates from large freehold premises which will be included in the sale.
- Primed to take advantage of the growing road freight transport and e-commerce markets.
- Scope to expand the fleet and diversify the business’s remit.
- An ideal acquisition for similar or synergistic organisations.
Financial Highlights
- Generated a YE23 turnover of £2.43m.
- Average gross profit margin of 42% from YE20 to YE22.
- Shareholder funds have increased by 89% between YE20 and YE23.
Financial Commentary
YE23 was adversely affected by industry situations, including reduced trade in China caused by Covid-19 lockdowns; and rail strikes that had a knock-on effect on ship freight, which was in turn troubled by port strikes. In the same year, the business replaced many of its fleet vehicles, increasing its capital expenditure. These events are not anticipated to cause a long-term effect on the company in the coming years as the business has processes in place to mitigate similar issues.
