Hilton Smythe welcomes to the market a well established precision engineering business, a profitable company that was established by our clients, in the 1980’s, who are now selling the business and freehold in order to retire.
We have been advised the company is one of the UK’s leading subcontract CNC machining specialists providing companies from all over the UK with high quality CNC machined components. The company has a strong commitment in providing customers with the highest quality customer CNC machining services. These high levels of customer service are maintained throughout the manufacturing process, from working with the initial design to delivery.
The business has several large clients from the food manufacturing and packaging indusrty, along with many smaller clients.
There are many clients across the UK and worldwide. Other industries the company carries out CNC services for include the motor industry, oil, gas and petroleum and pharmaceutical sectors.
Due to its longstanding and large client base the business has a great reputation in the industry and therefore would be an ideal purchase for a buyer looking to expand their company.
The business is being sold with the company website
Although the business is profitable there is still scope for development by considering:
Introducing a second shift to increase turnover
Reconfiguring the ground floor area to incorporate further machinery
There are many reasons to buy the business including:
Over 20 years of quality service
Many long standing staff
Constantly renewed machinery
Hilton Smythe highly advise early viewing to avoid disappointment.
Financial Profile
The business generated a turnover of £661,765 as of the 2023 accounts, with a gross profit of 28%, operating profit of 1% and an adjusted net profit of 14.7%.
The operating profit for 2022 is at 0.4% and for 2021 the operating profit is 3.9%
We are advised the assets being sold with the business are worth in the region of £700,000