| (REF: IX018) Specialist Sub Contract Precision Engineering Company |
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| Seller Reference: |
IX018 |
| B4S Reference: |
16311 |
| Asking Price: |
£1,500,000
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| Net Profit: |
£350,000 |
| Sales Revenue: |
£2,100,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
South Coast, England, United Kingdom |
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Established in 1991, this business specialises in manufacturing parts and components to the industrial sector. The Company is a well established and highly regarded CNC Precision Engineering operation. Specialising in milling and turning of high quality precision machined components particularly for the aero space, defence, hydraulic, marine and medical industries. The business carries out sub-contract work for a prestigious list of regular customers and enjoys a good working relationship and regular work from a number of companies across the UK.
Primarily a batch and contract supply specialist, this business can work with any order volume - a single specialised product, volume batch manufacture or contract supply timed to meet a customer’s particular production schedule. This business is equally happy to manufacture on a complete supply basis or as processors of free-issue components or materials.
The business has the resources and expertise to undertake complex turned and milled components in any material to customer specifications and tolerances. The company can also undertake finishing, polishing, painting etc. using approved outside sources. Above all the business is committed to providing the highest level of service to every customer with efficient working practices; rapid response times and sensible pricing that create a winning package, which is the envy of competitors. The business provides high quality service and standards of workmanship and has an excellent reputation.
With a trading history extending over nineteen successful years, the Company offers an established reputation and valuable client base. The Company also has excellent scope for further development and the opportunity to develop new markets and forge growth through the expansion of the current client base. The Company offers a substantial annual turnover with strong gross and adjusted net margins.
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Property: |
Leasehold |
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Lease Terms: |
The business currently operates from leasehold premises on an industrial estate with easy access to the motorway serving the south and south west. The current lease at a cost of £43, 678 per annum is due to expire in 2012, and a new lease is renewable.
The business operates from an industrial property affording approximately 10,000 square feet and consists of Machine shop, Inspection area & Assembly /stock room plus additional mezzanine offices above. |
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Current Rent: |
The current lease at a cost of £43, 678 per annum is due to expire in 2012 |
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Living Accommodation: |
No |
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This business has an atypical approach to marketing when compared with other companies within the engineering sector, specifically targeting medium value contracts with premium brand companies, limiting risk and maximising return.
Advertising and promotion is viewed as an investment in the brand and the future growth of the company as opposed to a drain on resources. This approach has ensured the acquisition of many frequent and reliable customers.
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Although the business benefits from many loyal customers there is huge scope for a potential purchaser to increase further the breadth and depth of the customer base.
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The owner of the business is willing to assist in a smooth transition with the new owner, for a period to be negotiated prior to the sale. |
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The owner of the business wishes to retire. |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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The business hours are Monday to Friday 6.00am to 6.00pm and Saturday 6.00am to 1.00pm. |
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The owner is responsible for the day to day management of the business, supported by 20 full time staff who work directly for the company. The employees are a variety of skilled turners and millers and also a full time Inspector and Quality/Works Manager to ensure all components are correct before despatch. |
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