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Design, Manufacture And Distribution Worldwide Of Specialist Equipment For The Trenchless Technology And Pipeline Industries for Sale

South West

Leasehold : £ 800,000

South of England

BUSINESS FOR SALE

Design, Manufacture and Distribution worldwide of specialist equipment for the Trenchless Technology and Pipeline Industries

Asking Price: OIRO £800,000 plus Net Assets

2021 Turnover c£1,576,000*
2021 Gross Profit c£855,000
2021 EBIT before Vendors’ drawings c£265,000**
2021 Net assets c£1,930,000 (incl £824k in cash)

*Year end is 31st July, management accounts available

**Adjustments include amended 2x key management remuneration packages. Vendor has minimal involvement

Ref No: IH039

Location: South of England

The Business:

The Business is a firmly established concern, strategically and conveniently situated on the outskirts of a major city in the South West of England. Founded nearly 40 years ago, over time the vendor has developed the Business into a highly respected and profitable engineering, design, manufacturer and supplier of specialized necessary for pipe replacement and the installation of new pipe using trenchless techniques in gas, water, telecom and other pipe industries around the world.

The Business is extremely well known and is synonymous with the design and development of much of the industry’s standard equipment.

Over recent years the Business has managed to maintain profitability and is well supported by skilled and reliable staff; the Business represents a clear opportunity for any acquirer to access valuable international markets and significant heritage & expertise.
Due to ill health the vendor is no longer fully involved and leaves the day to day running of the business to his two other working directors.

Key Considerations

• Well-known and respected UK supplier to International customers
• ISO 9001 accredited
• Trusted 2x person senior management team
• Excellent reputation and trading history
• Long term, experienced and skilled work force who care about the business
• Excellent platform for access to Global pipeline and duct markets
• Streamlined operational processes, and advanced technologies
• Modern, well-appointed offices in 9500sq.ft. factory buildings
• Extensive range of modern machine tools and equipment
• Excellent stock and inventory controls
• Numerous expansion opportunities
• Reliable long term customer relationships.

Summary Results

y/e £ 000s 2021 2020
Turnover 1,576,691 1,833,923
Cost of Sales 721,269 891,711
Gross Profit 855,422 942,212

EBIT (2021) before Vendors’ drawings: £ 265,000










Balance Sheet:

The completion balance sheet is anticipated to be approximately:* *from 2021 accounts

Tangible Assets: £555,040
Stocks: £657,562
Debtors: £221,752
Cash at Bank: £824,375
Less
Trade Creditors: (£218,642)
Other Creditors: (£109,704)

Net Assets: £1,930,383

Asking Price:

Offers in the region of £800,000 plus an amount equal to net assets are invited for 100% of all the issued capital of the company. There will be a £ for £ adjustment to the final sale price to reflect any upward/downward movement away from the £1,930,383 target net asset price.


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.

All enquiries or requests for additional information should be submitted or directed to Rob Edwards at Turner Butler (e-mail: r.edwards@turnerbutler.co.uk) telephone Head Office: 01895 256000



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