CoGoGo are delighted to welcome to the market O D Engineering Ltd, a highly rated engineering business in Loughborough, Leicestershire.
O D Engineering Ltd was first established by our client in 1985, building up an excellent reputation and very loyal customer relationships.
The business has now come to the open market due to other business interests.
O D Engineering Ltd specialises in manufacturing components for motorsport Industry and general sub-contract engineering work. They use the best milling, turning and CNC machines in the industry to produce high-quality products for customers. They also commit themselves to produce quality bespoke parts and components.
They specialise in bespoke components and have experience with the following marks:
Lotus
Ford
Vauxhall
Rover
Subaru
Mitsubishi
O D Engineering Ltd also works with companies in the food production sector, electrical, motorsport & aerospace.
Key selling points -
Very loyal customer base
Regular work comes from 10 customers – many of which have been customers for over 20 years
Agreed handover period will be offered
Low rental unit available
Over £100,000 in included assets
Highly Profitable business - gross profit has consistently been 80%
Lots of opportunity for further growth
Scope for further growth -
Currently no advertising or marketing carried out
New website/social media and SEO spend would help promote the company
Adding a business development to chase potential new leads and working more closely with current clients would increase current orders
Financial Profile
We are advised as per the 2022 accounts, the business generated a turnover in the region of £140,000. Further financials can be made available upon request.
