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NICEIC Accredited Electrical Contracting Company
Industrial, Commercial & Domestic

Ref. GK280

Location : Teesside/County Durham

Asking Price : OIRO £250,000 plus Stock

Turnover : £813,000

Net Profit : Undeclared

Gross Profit : £308,000

EBITDA : £168,000

Net Asset : £8,000

Premises : Leasehold

Confidentially offered for sale

  • Turner Butler

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OIRO £250,000 plus Stock (optional)

Asking price includes:

Turnover circa £813,000 per annum
Gross Profit circa £308,000 per annum
Adjusted EBITDA (pre director drawing) circa £168,000 p.a.

120 years of successful operation!!
Reputation for reliability, quality, integrity and professionalism
Superb company infrastructure
Qualified and highly skilled team of electricians
Commercial/Industrial/Domestic clientele
Very high levels of repeat business
Fleet of company vans
Plant and equipment
NICEIC Accredited
Support and training

Business Profile

This Electrical Contracting Specialist was established some 120 years ago. In that time it has positioned itself as a first class supplier of Electrical Contracting Services across the North East of England, operating mainly within the domestic sectors, and to a lesser extent commercial and industrial.

Fully NICEIC approved (both contractor and domestic level) this business provides a comprehensive range of electrical services to some of the largest organisations in the region including councils, schools and housing associations, who are responsible for large volumes of housing stock. In addition to this it also provides domestic electrical services and to a much lesser extent industrial services (circa 5% of current revenues) to customers.
The company employs an experienced and highly professional workforce capable of managing and undertaking all sizes of projects from conception to full implementation and ongoing maintenance.

Approximately 95% of current business is from a core of repeat customers, many of whom have ongoing contracts in place, who value this business’s exceptional levels of service developed over the 120 years of its operation. Staff understands the need to be 100% reliable and this has helped the business develop many long-term client relationships. This business’s commitment to quality, safety and environmental issues is paramount. All work is carried out to the highest standards with all materials and accessories quality approved and compliant with the relevant BS codes. Staff are highly qualified, technically very adept, highly motivated and take pride in their work. This ensures the job is always completed to meet the most exacting customer requirements. As part of this the business is proud to hold the “Investors In People.

This is an excellent opportunity to acquire a long established, extremely well run and profitable, electrical contracting business with a very significant customer base. The business has achieved similar figures for the last few years and a new owner, bringing fresh ideas and enthusiasm to the table could certainly expect to grow these figures should they so wish over the medium to long term.


This business is as well-equipped as would be expected for a company of this scale and stature. Equipment includes the latest test equipment, laptops, trackers, smartphones not to mention vans, tools, ladders, drills etc.

Customer Service:

The business offers an excellent standard of service and is proud of their attention to customer care offering professional advice and high quality workmanship. This is evident in the very high levels of repeat business it enjoys and the impressive customer base it has including public sector organisations. This commitment is backed up with the warranties it offers and accreditations it holds including:

• NICEIC (approved contractor and domestic installer)
• Construction Line
• Investor In People

The business is registered through the NICEIC (National Inspection Council for Electrical Installation Contracting) thus giving customer’s piece of mind that all staff are fully competent and conversant with necessary rules and regulations and works are carried out to the relevant standards.

Key Strengths:

Having been so active and prominent in the industry for many years this business is very well known and has established a superb reputation for quality and diversity of work, high levels of client service, reliability but perhaps above all its technical ability. The business has excellent staff and a good internal structure.
With such an excellent reputation this business is constantly in demand. It prides itself on its ability to respond quickly and effectively to customer’s needs. Consequently this business can boast an impressive range of desirable clients and very high levels of customer retention.
This is a very well run business that has been well managed financially throughout its many years of operation. It has a first class credit rating. This has ensured it gets excellent support from its suppliers and clients alike and enables the business to generate impressive profit margins on a year to year basis.

Financial Information:

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.

The business is very well established and posts impressive figures year on year. We are advised sales for the current year are expected to be up on last year.

Turnover for last financial year circa £813,000 p.a.
Gross Profits circa £308,000 p.a.
Adjusted EBITDA (pre director drawing) circa £168,000 p.a.

Net Tangible Assets circa £ 5,000

The vendor is happy to exclude stock from the sale should a new owner not require it.

The Asking price is for the sale of 100% of the Issued Share Capital in the Limited company. The asking price is based on a debt free cash free scenario but does include Net Tangible Assets (circa £5,000 as per 2017 Accounts)

Advertising and Marketing:

The business does no advertising in the traditional sense. It does have a very basic website and receives exposure through its memberships and accreditations but prefers to rely on word of mouth, referrals and exceptionally high levels of repeat business to generate revenues.

Growth and Expansion:

With an enviable reputation within the industry and renowned for always meeting if not exceeding Client expectations there is an outstanding opportunity to build on the existing services and customer base of this company. With increasing demand for its services, combined with a capacity to increase turnover, a new owner contributing fresh ideas will have every advantage of building on an excellent platform and taking this business through its next period of sustained growth.
There are several opportunities to grow the business. The industrial sector is also an area for growth as is further development of on-site testing, landlord inspections and fire alarm installation services.
The current owners have never promoted the company. Further marketing would certainly increase activity as the business has all the infrastructure in place in terms of accreditations and staff.


The business operates from a large rented two-storey workshop/warehouse ideally located to serve the region. Premises are secure. It also has additional storage units. Current rent is circa £9,000 p.a. renewed annually. Business is currently being sold as leasehold or relocatable but we are advised the freehold could also be made available to a new owner if so required.

Business Hours:

0800-1630 Monday- Thursday
0800-1530 Friday


This is a family run business with just two of the directors working full time- both are office based. The business has key staff in place including

• Operations Manager (full time)
• 7 Electricians (full time)
• 3 Administrators (all part time)

Support and Training:

The vendor would be happy to provide a comprehensive handover as required.

Reason for Sale:


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