Based in North East England
Primarily operating regionally, the company offers precision engineering services, manufacturing bespoke components to clients’ exact specifications and drawings. The company undertakes a range of works, from one-off jobs to batch quantities, using a wide variety of materials and providing a comprehensive range of metal finishes.
The company has developed strong relationships with its core clients and 60% of revenue is derived from repeat orders.
Our clients are now offering the company for sale to facilitate retirement plans.
Offers invited.
Key Highlights
- Has a range of industry contacts that provide ongoing works referrals for the company.
- Large, loyal repeat client base in place.
- Longest client relationship spans more than two decades.
- ISO 9001:2015 certified and a member of the FSB.
- Operates from four adjacent leasehold units.
- As it frequently operates at capacity and turns down opportunities with new clients, there is scope to immediately increase turnover through expanding operational capacity and hiring additional, skilled machinists.
- Growing its reputation within the offshore sector and seeking further clients in this industry would provide significant growth opportunities for the company.
Financial Highlights
- Turnover of £1m achieved in YE24, with an adjusted EBITDA of circa £100k.
- Machinery and tooling with a value of £317k included in the sale.
