Professional Scaffolding Hire, Supply and Installation Contractor
Ref.GB041 Location LondonAsking Price £2,300,000Confidential offered for sale
Finance available to buy this business subject to status. All regulated business is passed to independent financial advisors who are regulated by the FSA | |
Asking Price Includes
Reputation for honesty, reliability and responsibility
Prominently situated in a highly accessible location
Established client base/Approved contractor
Circa 2,000 square foot office/admin area
Sales of circa £3,000,000 per annum
Highly skilled and experienced staff
Work In Progress circa £1,500,000
Un patented technical know-how
Excellent opportunity to grow
Excellent profit margins
All fixtures and fittings
Training and handover
Significant goodwill | Business profile: | This business was founded in 1994 by the Vendors as a professional and competitive business providing comprehensive scaffolding contracting services to construction companies and well known national businesses and has grown since to become a significant enterprise, with a national reputation for the quality of its products and service, its professionalism, honesty and reliability.
This specialised business is equipped to handle any and all scaffold related services which include:
•Erection & Dismantling
•Access & Shoring
•Area Containment
•Custom Architecture
•Safety Training & Qualified
The business benefits from its professional resource team of more than forty scaffolders, which in turn are backed up by a solid and experienced management team with combined successful experience in excess of 80 years experience taken from industry and main contract backgrounds.
The business manages all client relationships in a friendly and professional manner; an approach extended to staff and their welfare resulting in the highest quality of service and support that includes:
•Design and calculations
•Negotiated works
•GMP
•Non-working foremen
•Schedule formulation for main contractors
The business sources all of its scaffolding tube, fittings and boards from quality assured, trusted providers for total traceability. The scaffolding is supplied to site and quickly installed and provides fall arrest protection from heights of up to 5 metres on all installations.
The company also has a long standing relationship with a valuable and trusted provider for staircases and temporary roofs, together with their unique scaffold system and safety system used on all projects.
The business has a broad and reputable customer base which is serviced from the two depots one in London and another in Hertfordshire providing its scaffolding services to all parts of the UK and many projects of every size.
This robust and successful business is continuing to grow in turnover and profits and is perfectly poised for investment and to exploit new growth, particularly driven by increasing demand.
Customer Service
The business manages many customers in a given week and prides itself on its motivated workforce making delivery schedules throughout the country in a timely fashion, helping to maintain deadlines and client satisfaction.
The business offers full qualifications and accreditations to clients, including:
•Full CIS Certificate
•ISO 9000 Accreditation
•NASC Full membership
•MOD Approved Contractor
•National Grid Approved Contractor
•2 Depots with all facilites
•Operators License for both Depots and 7 Heavy
Transport Vehicles
•Equipment sourced from single trusted supplier for traceability
The most important aspects of customer management and satisfaction considered by the business, is flexibility and reliability leading to problem solving and is responsible for the business retaining many customers and the acquisition of new customers.
Key strengths
The business is an autonomous organisation where the business owners have, over time developed and nurtured a management team capable of overseeing business operations effectively, reducing the need for constant or daily input from the vendors. This has resulted in customer relations founded on a history of trading satisfaction and not contingent upon the continuing presence of the vendors.
The business is well established and very profitable, with a strong, large and growing customer base managed by a comprehensive blend of management expertise and motivation. The business retains a high level of repeat business, particularly among a number of customers returning on a regular basis.
The company has earned an outstanding reputation for its honesty, service, reliability, efficient deliveries, excellent quality installation, cost control and highly skilled, experienced staff. All of which is driven by the strong culture of pride in the job within the business.
Growth and Expansion
The current market for this business is growing and is forecast in the near and longer term for significant growth. The business is well positioned to take maximum advantage of this growth as it occurs.
Business operations are not at maximum capacity and there remains considerable scope for an increase in production, turnover and profit simply by gearing operations in line with current market demand.
Key opportunities
This is an outstanding opportunity to build on the existing products, services and customer base of this business. With a strong demand for products combined with a capacity to increase turnover, a new owner contributing fresh ideas will have every advantage of building on an excellent platform.
This business maintains an extensive base of satisfied customers, who appreciate the company’s superior products and service. There are many excellent avenues for growth, especially with new products, geographic coverage, operations capacity and market forecasts which are showing early trends for significant growth and development.
Technology
Administrative systems including a full server network have been implemented to provide the required technology for a modern and efficient contracting business. | Premises
The business is located in easily accessible areas in London and Hertfordshire with their many key road transport arteries and operates from 2x office buildings circa 4,000 square feet area including facilities, storage and administrative offices.
The total area of the London premises is circa 1 acre and The Hertfordshire premises being another 0.5 of an acre.
Equipment includes:
Photocopier
PC Network | <>Advertising and marketing
The business has used marketing tools such as company brochures, a direct business development team and benefits from a comprehensive website detailing the business’s products, services and accreditations. Continued investment can add significantly to the prospects of increased turnover and industry awareness nationally.
A high proportion of the business's revenue has been due to its excellent reputation for quality & service and strong word of mouth recommendation. | | | Financial profile: | The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendors and all interested parties under the auspices of Turner Butler.
The business is financially stable with low borrowings, low overheads, very positive cash flow, enjoys a strong Order Book, high gross and high net profit and has shown consistent growth over 11 years trading.
Sales revenue is circa £3,000,000 per annum with pre-tax profits circa £800,000 per annum and our clients feel that with a commitment to the opportunities illustrated, the business could dramatically increase its revenues. | Employees
The business employs:
•1x Managing Director (Vendor)
•1x Director (Vendor)
•1x Commercial Director
•1x Contracts Director
•1x Office Manager
•2x Contracts Managers
•1x Project Surveyor
•1x Yard & Transport Manager
•Foreman Scaffolders
•Scaffolders
•Trainees
•Drivers
•Yard Operatives
All employees have full contracts and have the benefit of full HR facilities.
Along with a loyal team of sub contractors and associate businesses this personnel with the Vendors are responsible for day to day operations. | Support and training
The current owner will provide all necessary training and all relevant contacts to allow continuity of trading. | Reason for sale
The business is for sale as result of the Vendors’ wish to follow other areas of interest. | | Turner Butler Disclosure Statement: This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business') The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business. For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions. Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler. You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler. Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision. Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information. This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts Turner & Co (GB) Limited registered in England and Wales under company no. 2477988 of registered office Savoy House Savoy Circus London W3 7DA, trading as Turner Butler © Shaun Sweeney October 2006 |
|
