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Independent Lift Consultants
Experts in all aspects relating to lifts & escalators

Ref. IP018

Location : London/Surrey

Asking Price : £350,000 (plus net assets)

Turnover : £220,000

Net Profit : £177,000

Gross Profit : Undeclared

EBITDA : £210,000

Net Asset : Undeclared

Premises : Relocatable

Confidentially offered for sale


  • Turner Butler

Next Step, Please submit Confidentiality Form/NDA Online 

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Premises: Relocatable

Turnover: circa £220,000 p.a. (2018 accounts)
Net Profit (before drawings): circa £177,000 p.a.
Net Assets: circa £210,000

Business highlights include:

Work In Progress
Excellent reputation for high quality services
Unpatented technical know-how
Highly skilled, competent and loyal subcontractors
Wide range of high value clients
Loyal customer base
Over 18 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 lift consulting services company, that has excellent infrastructure, loyal customer base with impressive levels of repeat business with circa 100 to 150 invoices per annum.

Business Profile

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

Since its inception in 2001, this continually developing company has been dynamically driven and carefully managed by its owner, fully utilizing many years of engineering experience, building a sterling reputation throughout the UK for its independent, impartial and authoritative consulting advice for clients who have a highly specialised requirement for all matters relating to the function and safety of lifts and escalators.

These more than 18 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 engineers provide core services and sets the company apart from competitors.

The company has worked hard to retain many of their clients, who include commercial & institutional clients such as local authorities, housing associations, mechanical & electrical consultants, facilities managers, architects, developers and builders. The company provides its services to any sector.

The company was established in 2001 to offer professional and impartial advice and solutions for all matters relating to lifts and escalators. Services provided include condition surveys, design and CDM Principal Designer duties for lift modernisation and new lift works, project management and maintenance audits and management.

The company is a completely independent consultant and is not owned by or linked to any lift company.

Condition survey reports are individual and tailored to each client s specific requirements. Reports are presented in an easy-to-understand format which is detailed and comprehensive and free of excessive technical jargon. Reports detail priorities, budget costs and timescales, recommendations for health & safety, disabled access, modernisation and improvement works, etc., in order to renew worn out equipment, or to comply with current regulations and best practice.

The range of consultancy services includes:

• Health & Safety surveys
• Disabled and public access surveys
• Asset register condition surveys
• Maintenance audits
• Equipment condition surveys
• Modernisation design services
• New lift design services
• Monitoring systems design services
• Project and contract management
• CDM 2015 Principal Designer duties
• Commissioning and testing
• Group elevator traffic study and analysis

The company is approved to ISO 9001:2015 quality assurance standards and are Constructionline and CHAS approved.

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.

Everyone involved 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 projects, through to smaller consultations where a discrete solution is more desirable.

Equipment:

The company owns, maintains and operates an inventory of tools and office equipment.

Key strengths:

• Superb reputation established over 18 years
• Extensive range of engineering & consulting services
• Strong client retention
• Regular yet diverse customer base
• Experienced subcontractors
• 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.

Demand for services is very high has driven turnover to its current level however this could be much higher since the vendor manages this capacity at the current level for the purposes of work-life balance. 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 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 £220,000 p.a. (2018 accounts)
Net Profit (before drawings): circa £177,000 p.a.
Net Assets: circa £210,000

The current balance sheet is composed largely of debtors and cash at bank.

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 £350,000 plus Net Assets is for 100% of the issued capital of the company, assuming Net Assets position of £210,000. 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 a home based office.

Business Hours:

5 days a week 8.00am to 5:00pm Monday to Friday.

Employees:

The vendor works full time in the business. The business is supported by a trusted team of subcontractors.

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