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INDUSTRIAL FABRICATOR AND INSTALLER

Ref. EY048

Location : NORTH

Asking Price : £10,000,000

Turnover : £4,600,000

Net Profit : £1,700,000

Gross Profit : £3,600,000

EBITDA : Undeclared

Net Asset : £1,900,000

Premises : Not Included

Confidentially offered for sale


  • Turner Butler

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TURNOVER c£4.6M

GROSS PROFIT c£3.6M

NET PROFIT c£1.7M

NET ASSETS c£1.9M

Business Profile

Introduction:

The opportunity exists to acquire, by way of a share purchase, all of the issued capital in this well-known industrial fabricator and installer (“the Business”).

The northern part of the UK, from Reading north to Scotland, is home to a great many industrial and commercial businesses, including in critical industries, such as nuclear power, defence, pharmaceuticals and others. This Business is responsible for fabricating, installing, maintaining and replacing plant and equipment that, quite literally, allow many of these companies to operate safely and perform well. For over 30 years, the Business’s skilled engineers and professionals have been providing engineering solutions and, more recently, additional fabrication services, to some of the region’s (country’s, globe’s) largest blue-chip companies. The unassailable quality of its workmanship, reasonable pricing and attentive customer service have gained the company widespread recognition in the North and in each of the company’s horizontal and vertical markets, resulting in sizeable revenues, and enviable margins relative to the industry (24% gross margin in 2018).

Key Considerations:

• Leading engineering firm in the North and across the country
• Exceptionally long-tenured and well established
• Relied upon by long-term blue-chip clients including well-known global conglomerates
• Diversified business in stable sectors make for a favourable and secure outlook
• Highly skilled staff with substantial experience
• Long list of accreditations in support of all of the Business’s core competencies
• Little competition of similar capabilities and capacity in the region
• Numerous opportunities to expand, horizontally, vertically and into new regions and markets.
• Sizeable base of tangible assets (c£1.9m).

Summary Results:

Y/E £ 000s                                2019        2018       2017
Turnover                                   4,667      7,408     10,095
Cost of Sales                                989      5,606       8,544
Gross Profit                               3,678      1,802       1,551
Adj EBITDA before drawings     1,728      1,600       3,700

Information Memorandum:

A detailed Information Memorandum is available from Turner Butler for suitably qualified purchasers.

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 678532
info@turnerbutler.co.uk
www.turnerbutler.co.uk