The company provides a comprehensive service offering for refrigeration, air conditioning and industrial ventilation systems. Its service offering covers the installation of a range of major brands, along with ongoing maintenance and repairs, with 24/7 call outs.
Operating across mainland UK, the company caters to 50 clients across the commercial, industrial and public sectors, including the NHS and other blue-chip organisations.
Approximately 80% of revenue is generated through contracts, some of which have been in place for several years.
The company is being offered for sale as the Shareholders wish to explore other, unrelated business opportunities.
Offers invited.
Key Highlights
- A multi-accredited business with an excellent industry reputation.
- Maintenance contracts generate approximately £800k per annum, accounting for approximately 35% of the Company’s annual revenue, with potential to derive additional income from reactive works.
- Experienced management team in place.
- Operates from leasehold premises.
Financial Highlights
- Turnover of £3.4m in YE23, with an adjusted EBITDA of £900k.
- Projected turnover of £3m in YE24, with an adjusted EBITDA of £617k,
- Turnover expected to increase to £4.7m in YE24 and £5.6m in YE25.
- Pipeline valued in excess of £4.8m, with several projects due to commence in 2024.
- There is scope to build on this through the uptake of additional tendered opportunities.
