A provider of electrical and telecommunication infrastructure installation and maintenance services
The company is a renowned provider of services to the construction utility sector, specialising in the installation and maintenance of electrical and telecommunication infrastructures.
Operating nationally, the company works on sites based across the entirety of the UK, with a particular focus on the East Midlands, having secured an almost 100% share of the market within its core operational areas.
The consistently high standard of service provided by the company has resulted in the business being awarded a number of prestigious, high-value contracts, some of which have been held for over 18 years, providing a reliable stream of revenue.
The company is offered for sale as part of the founding shareholders’ exit strategy.
Key Highlights
- The company offers all-encompassing solutions for its clients, continually investing in new technology to streamline and enhance operations.
- Predominantly works with distribution network operators (DNO), independent connections providers (ICP) and private electrical infrastructure networks on sites based nationwide.
- Maintains strong, long-standing relationships with clients, several of which span over 18 years, with all active clients continuing to provide repeat custom through ongoing contracts.
- Retains a strong, directly employed workforce, led by an experienced senior management team, all members of which wish to remain with the business in their current positions, post-sale.
- Currently operates from well-connected leasehold premises based in the East Midlands, supporting the efficient delivery of services to the region.
Financial Highlights
- Achieved turnover of £7.8 million in YE23, with an adjusted EBITDA of circa £1 million.
- Turnover is on course to reach circa £7.9 million in YE24, with an adjusted EBITDA in excess of £950k.
- Approximately 70% of revenue is generated from ongoing, long-term framework agreements, several of which have remained in place for over 10 years, ensuring that future revenue is secure.
- Maintains a strong pipeline at all times, with prospective works collectively valued at £2 million per annum currently under consideration with clients.
- Possesses a wealth of assets, including plant, equipment, vehicles and machinery collectively costing in excess of £3.3 million.
