Established in the 2010s, the company offered for sale has become one of the UK’s leading providers of commercial vehicle testing and servicing equipment for the commercial and heavy goods market. Currently based in Wales, the company supplies to garages, councils, and any other business that may benefit from having a workshop or testing facility.
With over 50-years of collective experience, the company’s team of staff specialises in providing a turnkey solution, from specification through to installation and aftercare, that is tailored to clients’ needs. To this end, the company boasts a wealth of experience in project management, CAD drawings, installation, civil works, finance preparation, and equipment servicing. Available products include commercial brake testers, mobile brake testers, crane brake testers, pre-fabricated steel pits, DVSA authorised test lanes, headlight testing and alignment, wireless column lifts, scissor and 4 post lifts, pit jacks and play detectors, and gas and smoke analyser.
The company has serviced many prestigious clients, including blue-chip companies such as DHL and Hermes, and public sector organisations such as the Royal Air Force and London Luton Airport.
The company has a number of important gains to offer the prospective purchaser, including:
A reputation for the highest quality products (e.g. DVSA-approved commercial brake testers);
An impressive financial profile, with a projected turnover in excess of £1m in 2024.
Relocatable and scalable business;
The company carries stock worth between £100k-£160k, that can be included in the sale, pending a suitable offer;
Ample scope for growth, e.g. expanding into manufacturing prefabricated steel pits, entering into direct contracts with the brake tester manufacturers, and employing service engineers to oversee maintenance contracts.
Highlights
Providers of commercial vehicle testing and servicing equipment for the commercial and heavy goods market, alongside a number of complementary services, such as project management, CAD drawings, installation, civil works, finance preparation, and equipment servicing;
A prestigious client base amongst both public and private sector companies and organisations;
A legislation- and DVSA-driven market;
A reputation for high-quality products and a first-class service;
Impressive financial profile, with a turnover projected in excess of £1 million in 2024;
Relocatable and scalable;
Ample scope for growth.
Opportunities
Opportunity to introduce a service division, which would involve recruiting service engineers to oversee maintenance contracts;
Potential to bring the manufacture of the pre-fabricated steel pits in-house.
Additional Information
The shareholder wishes to take a well-deserved retirement; they are amenable to a handover period to ensure business continuity.
Financial Profile
Turnover IRO - £809k in 2023.
100% share sale
Prospective purchasers will be required to sign an NDA
