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Heating, Ventilation & Air-Conditioning, Installation (HVAC) and Facilities Management Services Company

Ref. GJ036

Location : Essex

Asking Price : £1,100,000 (plus net assets)

Turnover : £2,518,000

Net Profit : £467,000

Gross Profit : Undeclared

EBITDA : Undeclared

Net Asset : £184,675

Premises : Leasehold

Confidentially offered for sale


  • Turner Butler

Next Step, Please submit Confidentiality Form/NDA Online 

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Premises: Leasehold

Turnover: circa £2,518,000 p.a. (2019 accounts)
Net Profit (before drawings): circa £467,000 p.a.
Net Assets: circa £184,675

Business highlights include:

Long term contracts in place
Work In Progress
Highly skilled, competent and loyal employees
Excellent reputation for high quality services
Unpatented technical know-how
Wide range of blue chip clients
Loyal customer base
Over 23 years historical trading
Growth and expansion opportunities
Excellent reputation
Goodwill

Introduction:

Turner Butler has been appointed to invite offers of purchase for this established and highly reputable heating, ventilation & air conditioning, installation and facilities management services company that has excellent infrastructure, large customer base and impressive levels of repeat business.

Business Profile

Turner Butler are delighted to be appointed as sole selling agents for this exciting business opportunity.

Since its inception in 1977, this continually developing company has been dynamically driven and carefully managed by its Directors, fully utilizing their many years of engineering experience, building a sterling reputation throughout the UK for designing, installing and maintaining mechanical & electrical systems for clients who own or manage commercial, retail and industrial properties.

These more than 40 years of successful trading have earned the company an excellent reputation for providing the highest standard of work, proven reliability, professional support and analytical approach. The company’s fully trained and experienced in-house engineers provide core services and set the company apart from competitors.

The company has worked hard to retain many of their clients, who include facilities managers, architects, surveyors, planners, developers and builders. The company provides its services to any sector, but has historic expertise in the education, hotel, manufacturing, retail, healthcare and corporate property markets.

What began as a gas heating service company in the 1970’s, became a full heating, ventilation and air-conditioning (HVAC) company in the 1990’s. Worthy of note is that the company has many of the same clients still.

The company is fully Gas Safe registered and compliant, as well as being REFCOM Certificated. All installation engineers meet the relevant ACOPS & CITB requirements and training.

This business offers a very personal and courteous service. This is illustrated by the impressive sales and consistent figures it achieves year on year; and is an excellent opportunity to acquire an established business highly regarded for its quality services and customer care. The business has excellent infrastructure with capacity for future growth.

Key services include:

• Air-conditioning systems
• Heating systems
• Ventilation systems
• Building management systems
• Plumbing services
• Refrigeration systems & chillers
• F-Gas compliance & surveys

The current split of business activities is 40% maintenance services and 60% system installations.

As its core activities, the company designs and install environmental control systems for any application, whether it s an office, factory, warehouse or retail outlet and since it is understood that no single system works best in all situations, the company’s engineers analyse each project and choose the best solution for each property s specifications and use.

Everyone in the business is experienced in meeting a range of commercial and industrial requirements and understands the most suitable systems for different environments, from large offices where flexibility and zone control are important, through to smaller premises where a compact solution is more desirable.

The company offers maintenace contract services and 24 hour call out options for clients requiring the highest level of security for their facilities. Each service contract is managed by a service manager and a team of friendly, diligent and experienced mobile technicians maintain all types of mechanical and electrical installations.

Additional services include:

• Electrical Services
• Energy-efficient Lighting Systems
• Uninterrupted Power Supplies
• Fixed Wire Testing
• Thermal Imaging
• Water Treatment & Tank Cleaning
• Lighting Protection Systems
• Lift Maintenance
• Duct Work Cleaning

Equipment:

The company owns, maintains and operates a fleet of commercial vehicles along with an inventory of tools, machinery and office equipment.

Key strengths:

• Superb reputation established over 40 years
• Extensive range of installation & maintenance services
• Strong client retention
• Regular yet diverse customer base
• Experienced staff
• Many opportunities to expand
• Good profit margins

Key Opportunities:

This is an outstanding opportunity to build on the existing business levels and customer base of this company. With a strong demand for this business s products and services, combined with a capacity to increase turnover, a new owner contributing fresh ideas, motivation and enthusiasm will have every advantage of building on an excellent base.

The business has continued to invest over time and has spare capacity based on current trading levels. Demand for services has driven turnover in excess of £5m in the past but the vendors manage their capacity at the current level. This represents a clear opportunity for a new owner to take this demand and invest in increased capacity for scalable profitability.

Customer Service:

This business does everything possible to enhance its name and has built up a sterling reputation for the highest of service standards coupled with superb customer service. The company is very well known and recognised, with experienced engineers, sales and operations staff, managing daily client requirements.

Financial performance:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Turnover: circa £2,518,000 p.a. (2019 accounts)
Net Profit (before drawings): circa £467,000 p.a.
Net Assets: circa £184,675

Equally impressive figures have consistently been posted over previous years as the business enjoys high levels of repeat business from its loyal customer base and wholesale clients.

Relationships exist with prior clients whose volume requirements became too great for this discrete business but it remains the case that this business is capable of competing with larger business on the basis of quality and price.

There is huge potential to develop this business further. The vendor is pretty much reactive in his approach to business these days and there is huge scope to maximise additional opportunities that exist within its current customer base and beyond.

Asking Price:

The Asking Price of £1,100,000 plus Net Assets is for 100% of the issued capital of the company, assuming Net Assets position of £184,675. The final selling price will have a £1 for £1 adjustment to reflect any rise or fall in this benchmark Net Asset figure at completion.

Advertising, Sales and Marketing:

The company has an attractive and very informative website, detailing all aspects of its operations and services. The site works successfully as a brochure and also as a means of managing unique client enquiries, from first contact. This activity is supported by direct sales, managed by sales staff in the company.

Premises:

The business operates from ideal leasehold premises with excellent access to the road network. The premises comprises circa 1,200 square feet in total and includes administrative office, a storage mezzanine and workshop.

Business Hours:

5 days a week 7:30am to 5:30pm Monday to Friday and offers a manned, 24 hour call out service.

Employees:

The two vendors/owners work full time in the business. The business employs some 4 full-time administrative staff and 8 full time installation engineers. These are supported by a trusted team of sub-contractors.

Support and Training:

The current owners would be happy to provide full support at handover and may be prepared to stay on for a further period should a new owner so require subject to negotiation.

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.

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