ALUMINIUM SCAFFOLD TOWER HIRE & ERECTION
SECURE STORAGE YARD IN STH. HAMPSHIRE
ALL OPERATIVES PASMA & CHAS REGISTERED
12 MONTHS’ SALES TO 31/12/23 £535,905
GROSS PROFITS c.£524,662 (98%)
ADJUSTED NET PROFITS c.£246,226
FAMILY-OWNED SINCE 1977
RETIREMENT SALE
LOCATION:
The business operates from a secure, open yard in a South Hampshire village close to the M3.
BUSINESS:
This family-owned business has been solving access problems for its industrial, commercial, and domestic clients since 1977. The company hires and erects aluminum scaffold towers, bridging units, cantilevers, and facade scaffolding plus staircases. All scaffold towers are supplied and erected to HD 1004 1992 and BS EN 1298, BS11 Part 3 1994 by experienced, highly-trained, and competent staff all of whom hold PASMA cards and are CHAS registered.
The customer base includes roofing companies who account for approximately 25% of turnover, and Housing Associations (35%) with the remaining 40% of turnover shared equally among window installers, painting contractors, and D-I-Y retail customers.
BUSINESS PREMISES:
(all sizes are approximate & should be considered 'nominal'.)
All scaffold stock is stored within a secure, open yard in a South Hampshire village. Sales and Admin functions are home-based.
TENURE:
The yard storage area is secured on a renewable 5-year lease which commenced in 2020 at a current annual rent of £19,200. The next review is due in 2025.
RATES:
The rateable value of the business premises is £ZERO with £ZERO Rates payable in 2023/24.
NOTE: This information has been obtained either from the current rate demand for the property, by telephone from the local authority, or by reference to the VOA website. The amount payable is the standard rate for the Rateable Value shown. In some circumstances, this may vary, and therefore it is recommended that potential buyers make their inquiries through the local authority to check the applicable rateable value and whether the rates payable will be the figure quoted above.
TRADE:
Accounts for the year ended 31 December 2023 inspected by Adams & Co show increased sales revenues of £535,905 were reported to HMRC. Gross profits were higher at £524,662 with adjusted net profits showing a healthy increase to £246,226. Accounts for the year ended 31 December 2022 show annual turnover of £394,734 with gross profits of £390,009 (99%) and adjusted net profits of £181,912.
Please note that all figures exclude VAT.
STAFF:
The Vendor manages the business full time supported by his wife who looks after Admin and Accounts. The company employs 7 full-time operatives.
HOURS:
Monday to Friday 07:30 to 1600
ASSETS:
Scaffold Stock
The vendor informs us that the value of the scaffold stock and accessories is £142,000.
Ø A range of scaffold towers
both mobile and fixed from
2m to 10m height £110,000
Ø Spandeck Walkways £ 20,000
Ø Fixings £ 5,000
Ø Fencing & Chapter 8 Kit £ 2,000
Ø Misc. Scaffold products £ 5,000
Vehicles:
The sale includes four Isuzu Grafters registered between 2018 and 2024 with an estimated value of £85,000 and a VW Transporter LC210 with 155,000 miles worth £7,500.
Registration Value £ Mileage
HF24 27,000 Brand new
HF70 20,000 36,000
HF69 21,000 35,000
HF18 17,000 36,000
Note: Where items of equipment are mentioned, no warranty is given or implied as to their operational condition.
LEGAL FEES:
Vendors and Buyers each to meet their legal costs, but if a lease is to be assigned from the vendor to the buyer they will also be expected to share the landlord’s legal costs on a 50/50 basis. If a buyer wishes to negotiate a ‘new’ lease, they will be responsible for all the landlord’s legal costs.
COMMENTS:
The owner’s decision to retire has created an exciting opportunity for an existing scaffold hire company to add a significant product offering to existing services or for a new operator to build on the solid foundations laid down over the past 46 years.
Financial information will be made available to seriously interested purchasers after they have formally viewed the business.
PLEASE DO NOT MAKE CONTACT DIRECTLY WITH THE BUSINESS
