IT094 - Well Established, Growing and Profitable Specialist Anti Corrosion Engineering Business

Business Profile: The company was originally founded in 1997 to supply materials and provide specialist anti corrosion engineering services locally, within the UK and worldwide. Materials Supply: The business is able to supply the complete range of materials to preserve steel structures against the costly damage and losses caused by corrosion.. This spans full project procurement packages or smaller order requirements for spare parts or remedial works. Custom Made Materials: Given the companies in-house manufacturing capability the business can assist customers with specific custom configurations for power equipment and controls, earthing materials of all types, electrodes etc. and are happy to work on prototype quantities as well as being able to supply large order quantities. Technical Service: The business provides in-house engineering and technical services at all levels of Corrosion engineering. The company operates specialist teams be they office or field based, design, surveying, installation or maintenance. The company?s engineers regularly work as consulting specialists, installation supervisors, and commissioning engineers. The technicians are involved in installation works, surveying, and maintenance. Site engineering services: Specialised surveys. Pinpointing underground faults via the dated Pearson method or the modern Direct Current voltage gradient technique. ? Routine maintenance test point potential surveys. ? Cathodic Protection - System Audits. ? Soil resistivity surveys. ? Systems installation. ? Pre-commissioning testing and commissioning. ? Turnkey remedial works including excavation and street works repairs. ? Pipe location and mapping services. Office-based solutions: ? System design and materials specification. ? Technical procedures and method statements. ? Third party design review and evaluation. ? Training and instruction ? Health and safety and risk assessment advice. Clients: The business has a large and loyal client base predominantly UK national large blue-chip companies. Technology: Up to date computerized systems applied. Key Strengths: Great reputation Large range of services 25 years of experience Loyal, trained, qualified and experienced staff and management Fully insured and accredited Qualified and Regulated ISO 9001 & 14001 Certified Key Partnerships with leading suppliers Growth and Expansion: The demand for company services is exceeding current supply capabilities and there is significant opportunity for further growth both in the UK and worldwide. Having operated internationally prior to Covid-19 the business is now poised to take advantage of further international opportunities mainly via its Middle Eastern and Nigerian agencies. Advertising: Given the specialist nature of the business, just the normal website applies with no further need for advertising. Most of the business has grown through word of mouth and strong ongoing relationships. Employees: The business is supported by direct staff including: 1 General Manager 1 Engineering Consultant 3 Regional Field Services Managers Senior Field Technician Survey Manager Ground Radar Specialist Data Analysis Manager Business Improvement Manager Accounts and Personnel Manager SHEQ Manager 16 Other field and engineering specialist staff currently Business Hours: Monday to Friday: 8:00am ? 5:00pm Saturday & Sunday: Closed Premises: The business operates from leased industrial premises. The business could be relocated both in the UK and abroad. Full lease details available on request. Assets and plant owned by the business All necessary plant and equipment is owned outright by the business and will form part of the sale. A full list of assets and vehicles is available on request. 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 has achieved a history of excellent turnover and profits consistently over 25 years. Average last 3 years Annual Turnover to 31st March 2022 ?5,386,179 Average last 3 years Annual Gross Profit ?1,845,469 Average last 3 years EBITDA ?1,209,542 The Asking Price is offers in excess of ?5m for 100% of the issued capital of the company including Net Asset Value. The business works largely on tender contracts that are secured on a 3 year + 2 year basis and has a very healthy order book with increasing demand for services both nationally and abroad. A complete asset list is available. Reason for Sale: This is a retirement sale. Support and Training: The existing director and shareholder will provide full support and training to any purchaser for an agreed handover period.

For more information on IT094 - Well Established, Growing and Profitable Specialist Anti Corrosion Engineering Business talk to Turner Butler Limited (Business Broker)