The company utilises its trucks and specially designed trailers to undertake the haulage of steel materials, including wide, slit and perforated coil steel; steel blanks, sheets and plates; rolled steel products; and machinery for the steel industry. Supplementary revenue is procured through trailer rental and diesel sales.
The business has continually invested in its fleet. The total asset register, which also includes other plant, equipment and vehicles, holds a net book value of £364k.
The company provides its services throughout the UK, working with steel stockholders, suppliers and importers, as well as ports and freight forwarders.
Our clients are now offering the business for sale to facilitate lifestyle changes and eventual retirement plans. Offers invited.
Key Highlights
- Has retained membership of the Road Haulage Association for over three decades.
- All vehicles are compliant with the Euro 6 standards.
- Strong second-tier manager who can absorb the managing director’s duties.
- Highly skilled and proficient in-house team of drivers in place.
- Operates from rented premises, though could be relocated.
- Key clients are experiencing an uptick in work, which is anticipated to increase the number of upcoming haulage jobs scheduled by the company.
Financial Highlights
- Generated a YE23 turnover of £922k, with an adjusted EBITDA of circa £140k.
- Adjusted EBITDA is projected to increase to £167k in YE24.
- Average adjusted EBITDA margin of 21% between YE21 and YE23.
- Up to 99% of the business’s income is generated by existing clients, and some relationships with prominent organisations have been in place for numerous decades.
