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Manufacture, supply, repair and refurbishment of Surgical Instruments to Hospitals, Trusts and Private Surgical Units throughout the UK *

Ref. CP049

Location : Surrey

Asking Price : £1,075,000

Turnover : £1,031,000

Net Profit : Undeclared

Gross Profit : £436,000

EBITDA : £240,000

Net Asset : £308,356

Premises : Not Included

Confidentially offered for sale


  • Turner Butler

Next Step, Please submit Confidentiality Form/NDA Online 

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Asking Price: OIRO £1,300,000

Average last 3 years’ Turnover c£1,235,000**
Average last 3 years’ Gross Profit c£504,000
Average last 3 years’ EBITDA before Directors costs c£240,000***
Current Net assets c£308,356

*This opportunity trades through two separate companies but operates and is available as a single entity, so activities and financials are illustrated here as combined.

**Last three years being 2014, 2015 and 2016. Year end is 31st December, management accounts available

***Declared

Business Profile

The Business is a firmly established concern, strategically and conveniently situated on the outskirts of Greater London. The Business has an office in this busy main Surrey Town to manage manufacture, repair, storage, logistics, shipments and administration. Founded over 40 years ago over time, the vendors have developed the Business into a highly respected, and profitable manufacturer, supplier, repairer and refurbisher of vital Surgical Instruments and accessories, and is considered one of the leading suppliers and service providers in the country. Over £1M in revenues in 2016, and supplier to many of the UK’s hospitals, MOD, private and NHS, nicely sums up the Business; and represents a clear opportunity for any acquirer to access these valuable and difficult to access markets.

Key Considerations

• Well known and respected UK service provider
• ISO 9001, ISO 13484 processes and CE certified products
• Small sales team capable of business augmentation
• Excellent reputation and trading history
• Long term, experienced and skilled work force who care about the business
• Excellent platform for access to the NHS and MOD markets
• Streamlined operational processes, and advanced technologies
• Modern, well appointed offices and fully equipped workshops
• Excellent stock and inventory controls
• Substantial turnover and attractive profit margins
• Excellent stock levels
• Numerous expansion opportunities
• Reliable long term customer relationships

Summary Results

y/e            £ 000s  2016 2015 2014
 Turnover  1,031 1,421 1,253
 Cost of Sales  595 772 826
 Gross Profit  436 650 426

EBIDTA (2016) before Directors costs: £ 240,000

Balance Sheet:

On the basis that the Business is being sold on a zero cash-zero debt basis, the completion balance sheet is anticipated to be approximately:*

Tangible Assets: £91,753
Stocks: £142,977
Debtors: £208,126
Less
Trade Creditors: (£134,500)

Net Assets: £308,356

*From 2016 accounts

Asking Price:

Offers in the region of £1,075,000 are invited for 100% of all the issued capital of the company. There will be a £ for £ adjustment to the final sale price to reflect any upward/downward movement away from the £308,356 target net asset price.

Next steps:

If you are interested in receiving further information, please sign and return the attached Confidentiality Agreement. In returning the Agreement we would be grateful if you could provide us with details of your interest in this opportunity along with your funding position.

All enquiries or requests for additional information should be submitted or directed to Rupert Cattell at Turner Butler (e-mail: rpc@turnerbutler.co.uk) telephone Head Office: 01895 256000

Looking for finance ?

If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at finance@turnerbutler.co.uk

Turner Butler Disclosure Statement

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts

Turner Butler
Ickenham House, 2-4 High Road, Ickenham, Middlesex, UB10 8LJ
Telephone 01895 25 6000 Facsimile 01895 25 7777
info@turnerbutler.co.uk
www.turnerbutler.co.uk