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Independent timber merchant supplying goods & services to housebuilders, contractors, joinery & jobbing builders. Primarily sells C16 & C24 graded joists, roofing timber, first & second fix material fencing & planed joinery timber, alongside plywood MDF & chipboard. The company also specialises in the supply of engineered joists, trusses, non-standard windows, doors & staircases.
* Gross Profit: £545,000
* Adj. EBITDA: £275,000
* Key Aspects: Specialist timber merchant with the management team having over 100 years' combined experience within the trade.. Maintained strong, recurring relationships with customers & suppliers for c.25 years.. Holds complete control over all products supplied - no reliance on subcontractors & third-party suppliers.. All assets owned outright - surplus cash in bank, no borrowings & no overdraft.. No customer accounts for more than 14% of turnover, significantly reducing the risks of over-reliance on any one client.. Forest Stewardship Council (FSC) certified.. Expansion potential within the current premises.
* Opportunities: A General Manager (new role) was appointed in February 2018 following their previous experience in a senior sales position within the trade.. Set to bring added expertise to the company as well as a new range of custom.. Premises can easily facilitate an increase in product range.. Potential to update the company website, particularly with self-serve options.. Could encourage the collection trade industry with no additional overheads.
* Potential Purchasers: Timber merchants.. Timber machinists & saw millers.. Joinery manufacturers.. Builder's merchants seeking regional expansion.. Bespoke joinery suppliers.
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