IH039 - Design, Manufacture and Distribution worldwide of specialist equipment for the Trenchless Technology and Pipeline Industries

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.

For more information on IH039 - Design, Manufacture and Distribution worldwide of specialist equipment for the Trenchless Technology and Pipeline Industries talk to Turner Butler Limited (Business Broker)