The company supplies high-performance blended oil products, chemicals, and fuels to a wide range of sectors nationally. Products include synthetic or semi-synthetic engine oils, transmission fluids, gear oils, hydraulic oil, suspension and brake fluids, antifreeze, cutting fluids, and an extensive range of greases.
Priding itself on its wealth of in-house expertise and knowledge, the company works in partnership with all major lubricant manufacturers to ensure that its products meet all of the latest specifications.
The company is now being offered for sale to facilitate retirement plans.
Key Highlights
- Serves a wide-ranging and diverse customer base, many of which provide repeat business, across the automotive, industrial plant, agricultural, renewable energy, waste management, and special products sectors.
- Has developed long-term relationships with a number of blue-chip and prestigious organisations.
- Introducing oil derived waste product collection or offering specialised oil derived products could continue to facilitate growth.
- Currently in the process of establishing an e-commerce platform and introducing social media marketing to grow its brand image.
- Presently establishing a new sales team in the Midlands to concentrate solely on procuring new business across the UK; this will be operational in FY25.
- Strong second-tier management team in place that can undertake many daily operations independently to the Shareholders.
- Operates from premises situated strategically around the UK to provide access to a wider customer base.
Financial Highlights
- Turnover in excess of £15.5m in FY23 with an adjusted EBITDA of £2.2m in the same year.
- On track to achieve FY24 turnover of £11.8m and adjusted EBITDA of £1.1m.
