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Specialist Architectural Metalwork Services Company
Specialising in the restoration of period metalwork to important listed properties

Ref. IT092

Location : South Wales

Asking Price : £270,000 + Net Assets

Turnover : £527,000

Net Profit : £67,000

Gross Profit : Undeclared

EBITDA : £93,000

Net Asset : £90,000

Premises : Leasehold

Confidentially offered for sale


  • Turner Butler

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Business highlights include:

Turnover circa £527,000 per annum (2019 accounts)
Net Profit c.£67,000
Net Asset Value c.£90,000
Adjusted EBITDA c £93,000 (before Directors drawings)

Established over 24 years
Fully accredited & guaranteed
Lucrative long term contracts
Senior team in place
Long serving knowledgeable workforce
QuickBooks Accounting
Superb reputation
Attractive website

Business Profile

The business is an established, highly regarded and profitable company which has been in business for over 24 years and has worked very hard at establishing itself as a specialised provider within the marketplace. It is particularly associated with providing high levels of workmanship at a competitive price, but above all, for its reliability and responsiveness to the requirements of its customers.

Clients and customers include property management companies with responsibility for private estates, architects, specifiers and main contractors for large government and other institutions requiring understanding, sensitivity and care in providing solutions to complex restorations issues.

Projects range in size from just a few items to the longer term that includes more than 400 individual articles but it is often the complexity that drives value in these matters and not the volume since there is much skill in first assessing the requirement and then making critical choices concerning the balance between restoring what remains with replicating what is too damaged to be restored and at the same time maintain the historical integrity of all metalwork.

The business is kept very busy running its operation from two modern premises that include a workshop, storage & very well appointed offices in South Wales from which it services clients and customers all over the UK.

With a strong history in the building sector and understanding what can and can’t be done, the right solution is provided for every client – whether that be a single remedial treatment, or fulfilling the requirements of an entire property with a much higher order value. Clients will sometimes have more than one property and some of these will be of historic significance and listed status.

The strengths of this company include its expansive technical knowledge and its practical expertise. All work is undertaken by directly employed, qualified and highly experienced teams, which also helps to create a strong trading base.

Equipment:

The company has invested in a good level of plant and equipment in order to satisfy its very high standards of service and quality.

The business utilises leading QuickBooks accounting software to run the administrative functions of the business and also uses a bespoke database management tool for all customer and client details.

Customer Service:

The company s most important assets are their clients and people; clients appreciate the prompt, friendly service, reliability, convenient hours, and reasonable & competitive prices and its people in providing a quality product, service and expertise that represent excellent value, honesty and integrity.

Key Strengths:

• Honesty and Integrity
• Strong team ethic
• Professional senior team and staff
• Problem solving
• Reputation and detail
• Commercial, Institutional and domestic customer base
• Accreditations
• Complete turnkey operation
• Good level of plant and equipment

Key Opportunities:

There is a lot of work to be gained and the company stands at the threshold of significant new project wins that will transform its scale and further enhance its reputation.

The business would benefit from a new owner with greater resources and more energy to explore currently unexploited opportunities such as purchasing systems and investment in IT for operations management. A more proactive approach to sales and marketing could further increase revenues in the future.

Another avenue would be to develop in other geographic areas for business; the vendors also believe that an increase in prices would be appropriate and be beneficial with no harm to turnover.

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.

Turnover circa £527,000 per annum (2019 accounts)
Net Profit c.£67,000
Net Asset Value c.£90,000
Adjusted EBITDA c £93,000 (before Directors drawings)

Asking Price:

The Asking Price of £270,000 + net assets is for 100% of the issued capital of the company, assuming Net Assets of circa £93,000 on completion (calculated on a zero cash-zero debt basis). The final selling price will have a £1 for £1 adjustment for any rise or fall in this benchmark Net Asset figure of circa £93,000 at completion.

Advertising and Marketing:

The business has an excellent company website that comprehensively and attractively presents the high quality services on offer.

Premises:

The business runs from modern leased premises on a popular business park and is divided between two separate units on the same site.

The premises comprise of two buildings, each of two floors and are each circa 4,700 sq. ft. in total with offices accessed via main doors and roller shutters for the fabrication workshop areas. The units each have toilet facilities and offices.

One unit is used as the main administrative office on the first floor and fabrication & paintwork in the ground floor workshop. Mains services are connected with Gas, Electricity and Broadband.

The second unit is predominantly used for storage, welding and fabrication.

Combined rent and rates is circa £52,000 per annum.

Business Hours:

Monday – Friday: 8.00am – 5.00 pm

Employees:

The owner manages the business, ably supported by a 2 x full time staff including a very experienced and internationally renowned metalworker, who manages all metalwork operations and a full time administrative assistant. This small but productive team are supported by 4x permanent contractors and rely upon a trusted team of contractors on a project by project basis. It should be noted that staff have been working with the company for many years. They understand the company’s quality approach and work to the very stringent standards this business expects and delivers on a consistent basis.

Support and Training:

The owner is happy to provide support and training for a negotiated period of time.

Reason for Sale:

Genuine retirement.

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