UK Manufacturing Group Precision Pressings, Engineering & Assembly
Midlands/north West, Central London, United Kingdom
Seller Reference: IX019
Asking Price: £1,800,000
Net Profit: Undisclosed
Sales Revenue: £4,100,000
Number of Staff: 60
Established For: 50  Years  0  Months
Ownership: Freehold
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  Business Summary   
  This very well-known and highly respected precision pressings and engineering group comprises of two stand-alone businesses that have both been trading independently for 40-50 years. More recently they have been placed under the umbrella of the current holding company (purely for administrative purposes) and have continued to trade very successfully since then, generating impressive profits at the same time further cementing their sterling reputations in the markets they serve. The sale is for both the Limited companies within the group.
The companies are both highly skilled, multi-faceted operations. The core business is “High Tolerance” precision pressings and assembly to customers mainly within the UK. The companies have superb internal capabilities and quality management systems in place (ISO9001 and TS 19649) that enables them to serve a very desirable list of blue chip customers in a variety of industries including:
• Automotive
• Electronics
• Aerospace
• Technology
• Defence
• Hygiene
• Facilities Management
• Construction The companies’ internal range of services includes:-Design, Prototyping, Tool Making, Progression Presswork using CNC presses (250T) and manual presses (200T), as well as full multi-part in-house assembly (welding, riveting, threading, tapping etc.). The business also has access to additional finishing services through highly effective sub contract management.
The business has been developed over time with continuous re-investment in the companies, its quality systems, manufacturing equipment and its processes. The group can boast a substantial level of modern plant and machinery, including leading laser and press CNC machines complimented by long serving and highly experienced staff that enables it to provide a high quality precision solution time and time again.
  Property Information   
  Property: Freehold
  Living Accommodation: No
  Location: The Midlands based operation operates from leasehold premises that are ideally located on a well-known industrial estate, having good access to the road networks. There is ample parking. The premises are circa 18,000 square feet with secure yard that is circa 40,000 square feet and has additional storage containers etc. The current lease is a 10 year lease, with 5 years remaining.

The North West facility is circa 24,000 square feet. This site is freehold, We are advised the freehold value is circa £650,000. (outstanding mortgage is circa £350,000) Please note current asking price INCLUDES the freehold.
  The business could benefit from a more strategic medium/long term sales and marketing campaign. Each company has its own basic yet informative website however there have been no active forms of marketing to date. The company has tended to rely on word of mouth recommendations, referrals and repeat business to generate revenues.
  Growth Potential   
  The business has consistently posted impressive profitability over the years from a loyal and growing customer base. It has enjoyed impressive growth over recent years due to the implementation of new working practices and quality systems. There is spare capacity within the current infrastructure to accommodate significant growth, should a new owner look to push the business forward.

There is no reason why a new owner could not significantly grow the business by being more proactive with developing the current customer base (many clients are large multi-site operations whom no doubt have additional needs), as well as targeting new customers outside the region/UK as the markets it serves are large and strong. The business has the ability to enter new markets as it already has a sterling reputation in place, not to mention the approvals and quality systems.
  Support and Training Offered   
  The current owners would be happy to provide full training and support at handover to ensure a seamless transition of ownership. This should be relatively simple process as neither are invloved in the business on a day to day basis. However one of the directors may well be prepared to stay on for a further period, subject to negotiation.
  Reason for Selling   
  The owners are planning their exit strategies.
  Other Details   
  Is this a home-based business? No
  Can this business be relocated? No
  Is this business part of a franchise? No
  Summary of Business Hours   
  Each company operates a 37.5 hour single shift pattern. This could be increased if need be.
  Summary of Staffing   
  Each company has its own senior management in place and is structured from the top down. Senior staff include: General Managers, Plant Mangers, Quality Mangers, Schedulers, Accountants, right through to Lead hands, Foremen and Operatives. There are approximately 30 staff within each company.

Staff are a real asset of the business and have many years’ experience and are highly skilled. Several staff members work closely with customers to ensure requirements are met on a consistent basis.

As already mentioned vendors do NOT work in the business. They tend to work on the business for circa ½- 1 day a week in total.

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