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Turner Butler has been appointed to offer for sale, one the oldest & most established manufacturers and suppliers of renewable energy equipment in the UK who for more than 40 years has been successfully selling its portfolio of products worldwide.
Founded in 1978, the Company is a very well established renewable energy business and has been a pioneer in the industry, and almost uniquely, consistently and successfully responded to the variable market conditions that surround a nascent industry.
The Company’s proprietary brand of micro wind turbines is renowned worldwide, most prominently in the marine sector. Powerful, reliable and robust where other products fall short, the brand name is respected by many organisations including British Antarctic Survey, Highways England, Network Rail and many others. Sales exceed 100,000 units.
Taking advantage of market opportunities, the Company, via a separate but exclusively related entity, developed and brought to market another proprietary product which enables customers with installed micro generation equipment such as solar panels to automatically consume the excess energy that these devices generate thus allowing customers to take advantage of their energy production savings, by:
– reducing the cost of domestic water heating
– reducing boiler use
– maximising use of solar energy generated at a customer’s property.
This well known and highly successful product boasts in excess of 50% of the market’s installed PV power diversion devices. Since 2013, its brand-name has become commonly used to refer to power diversion devices by industry operators and is even referenced in government documents. Sales currently stand at over 64,000 units with many export markets remaining unexploited.
Alongside the Company’s own manufactured products, the Company enjoys long standing alliances with complementary reputable international manufacturers that the Company represents in the UK.
The Company is structured with a strong and experienced management team supported by a highly skilled loyal workforce, ISO9001 operations and fully computerised manufacturing, distribution and accounting software.
This innovative and market-leading Company presents with proven financial track record as an excellent opportunity for investors in an expanding and exciting market place. Interest is invited from forward thinking buyers ready to advance the business to the next level.
Plant and machinery is currently held at a Net Book Value of £70,000, with the replacement value estimated to be approximately £500,000 +
• UK’s oldest and most established renewable energy company
• 40 Years of strong reputation and excellent track record
• Manufacturer of market leading micro wind turbine brand
• Owners of the market leading brand in PV power diversion devices;
• International customer base including many PLC’s
• Loyal, longstanding and highly skilled workforce
(2018 accounts) Turnover: circa £3,250,000
(2018 accounts) Adjusted EBITDA: circa £372,000 (before Director’s Drawings)
(2018 accounts) Gross Profit: circa £1,275,000
(2018 accounts) Net Assets: circa £2,456,000
• 2019 - 5 months to 31.05.2019 £ 193k (Projected to 31.12.2019 £400k)
• 2018 - £ 352k
• 2017 - £ 252k
• 2016 - £ 205k
• 2019 - 5 months to 31.05.2019 £ 1.64m (Projected to 31.12.2019 £3.5m)
• 2018 - £ 3.25m
• 2017 - £ 2.7m
• 2016 - £ 2.7m
Since 1993, the Group has operated from c.13, 000 sq. ft., which comprises a manufacturing facility, warehouse, test site, showroom and office space. Also on site is a separate machine shop facility of c.2, 000 sq. ft and adjacent to the main premises is a warehouse facility of c.5, 000 sq. ft.
These properties are owned by the three Directors and their current market value is estimated to be £1,200,000. This could be sold by separate negotiation if required.
This provides the opportunity for a potential purchaser to acquire a pioneering, profitable and innovative company with exemplary credentials and reputation within the renewable energy sector.
The Company has a sales and marketing team with 3 senior operators having more than 10 years with the company and 4 between 1-14 years. Current activity is centred on overseas territories. The team is incentivised via a Profit Related bonus scheme.
The Company enhances its reputation overseas by attending international exhibitions, which are a key meeting place for existing customers, lead generation, market intelligence and networking opportunities. The Company exhibits at significant industry trade shows and exhibitions.
The Directors wish to retire.
The vendor would be happy to remain with the Company to provide training for an agreed handover period.
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