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Fully Accredited Quality Steeplejack & Lightning Conductor Engineering Company

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Sale Memorandum

Fully Accredited Quality Steeplejack & Lightning Conductor Engineering Company


Ref.GB050

Location North East

Asking Price £ 135,000

Confidential offered for sale

Asking price includes:

Accredited Steeplejack & Lightning Conductor Engineers
Established, stable and historic client base
Substantial 'pipeline' of future revenues
Highly qualified and skilled craftsmen
Very well established and reputable
Specialist plant, tools and machinery
Very high customer retention
Annual turnover of £130,000+
Consistent repeat business
Massive growth potential
Fabulous profit margins
Handover and training
Fully re-locatable
Low overheads
Goodwill
Finance available to buy this business subject to status. All regulated business is passed to independent financial advisors who are regulated by the FSA

Business profile:

Trading for some 15 years the business specialises in the repair, maintenance and preservation of Historic Monuments including spires, steeples and any high level building for that matter. This company can provide quality high access solutions and lightning protection and as a result of this has built up an enviable client base and proven reputation based on the quality of service & workmanship it provides on a consistent basis.

Areas of expertise include:

Churches/Towers/Steeples-The repair and restoration of any church is a very specialised trade. Every care and consideration possible is needed when working on churches to ensure that the historical and architectural value of the structure is preserved. The experienced staff are familiar with working in this unique environment. Stone restoration – the trained steeplejacks strive for the highest possible standards when working on these important structures. The staff are trained to the highest standards from intricate stone carving to the complete rebuild of a church spire.

Lightning Conductor Engineering-The provision of a lightning conductor system will not prevent the occurrence of a lightning strike. The purpose of the installation is to direct the current discharged from the strike to earth safely, protecting the structure and its occupants from the effects of the strike. The business provides a comprehensive lightning protection service from the initial design stages to installation including general maintenance and repair. All within BS6651 (1999) - Protection of Structures against Lightning and European standards where applicable.

Inspection, Repair & Maintenance-Accurately assessing the condition of any high structure where access is limited, awkward or non-existent can be difficult. Binoculars can flag up large defects but cannot be completely relied upon to confirm the structures integrity. As well as having the specialist skills and equipment required to safely carry out a thorough 'hands on' inspection the company can provide a very detailed report including a written assessment to ensure a comprehensive maintenance and repair schedule is safely put into place.
Equipment:

All plant, equipment and tools including specialist safety netting and associated safety equipment.

Customer Service:

The excellent customer service delivered is because the business continually provides its clients with the exceptionally high standards of workmanship they require. Attention to detail is key and the highly skilled craftsmen continue to deliver outstanding results by providing safe, comprehensive and complete solutions using the correct equipment and materials at all times. The business has the Approved Steeplejack and Lightning Conductor Engineer Accreditations as well as being a member of the Federation of Building/Construction Specialists.
Key Strengths:

This business has achieved a recognised name in the industry for quality, reliability, safety and professionalism and as a result of this has some very prestigious clients throughout the North East. With its very flexible approach the company is able to respond quickly and positively to client demands and over the years they have built up a reputation for honesty and integrity, and for being easy to deal with. The business is ideally positioned to build on these excellent foundations in the coming years.

Growth and Expansion:

The company is well established and could certainly increase its presence further in the market by increasing its sales and marketing activities. It would also benefit from increasing its workforce so as to increase its workload capacity to keep up with demand for its services.

Key Opportunities:

As we have already mentioned opportunities exist to increase revenues within the business by increasing the workforce to enable the business to take on more work.
At present all the services the business supplies tend to be above roof level. An excellent opportunity exists for the business to broaden its offerings to clients to include main building repairs, restoration, maintenance and new build. This would seriously increase turnover and individual client spend and provide clients with a complete package.
Premises:

There are no premises attached to the business sale.

Business Hours:

Monday- Friday 07.15- 16.15.
Advertising and Marketing:

The business has used limited advertising in the past and there are excellent opportunities to increase this in line with a new sales and marketing push which would reap immediate rewards in existing and new market sectors.

A high proportion of the business's revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation and this is expected to continue.

The business could also benefit from having a website as to date it does not have an internet presence.
Financial profile:
The business is being offered for sale on an ongoing concern basis. All financial discussions will take place directly between the vendor and any interested party under the auspices of Turner Butler.

Current Turnover circa £140,000, Very High Profit Margins, Low Overheads.
Employees:

There are three full-time staff including two fully qualified steeplejacks and one apprentice steeplejack as well as a part-time accounts person.
Support and Training:

The current owner will fully assist with hand over and training
Reason for Sale:

Retirement
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

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