business for sale

Well Established Light Engineering Company

Businesses for Sale

Sale Memorandum

Well Established Light Engineering Company


Ref.IH010

Location Welsh Border

Asking Price £ 275,000

Confidential offered for sale

Asking price includes

Work in progress, material stocks, tools and machinery
Employee’s contracts of employments
Qualified and highly skilled technicians
Sales of circa £900,000 per annum
Wide range of products and services
Un patented technical know-how
Established client/customer base
Computer administration system
Excellent supplier partnerships
Wonderful opportunity to grow
Office furniture and equipment
Excellent supplier partnerships
Complete Turnkey Operation
All plant and machinery
Informative Website
Re locatable Business
Training and handover
Excellent reputation
Good profit margins
Excellent premises
Leasehold property
Great location
Advertising
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:

The company was established in 1986 and became a limited company in 1998.
It manufacture’s a broad range of steel and wire components including;

Racks and stands,
Grills and meshes,
Finger guards,
Fans and grills,
Point of sale merchandising stands
Air conditioning components
Cash machine components
White good components
General fabrication
In house plastic coating facilities
Forestry wire

Location

The company is located in the county of Monmouthshire on the Welsh Borders

Clients

The company has no one customer that accounts for a significant proportion of the turnover. There is a very broad range of clients and an active customer base of circa one hundred regular buyers.

Key strengths

The key strength of the business is its ability to supply small or large orders of items not readily available from the Far East.
Around five percent of its product is outsourced and imported; this figure could be increased to attract an even wider customer base.
It has a stable and long serving workforce.
Well located in an area with excellent connections to the M4, M5 corridors.
Controlled overheads
Growth and Expansion:

The business does not actively canvass for business and a balanced sales and marketing approach would add to its volumes of business.
The premises are more than large enough to cope with a significant level of growth


Technology

A full inventory of all equipment and vehicles will be available on request
Premises

The premises are located on a small and well-positioned industrial estate. The company has a ten-year lease at an annual rental of £50,000. The buildings cover a total area of twenty six thousand square feet containing,
A reception area
Administration office
Staff canteen and toilet facilities
Five production units
Ample parking space.
The freehold may be available if required.
Advertising and marketing

The business does not have an advertising or marketing strategy.

Market Outlook

The market place for the services offered by this business is strengthening as companies fail to get the quality standards or delivery schedules from suppliers in the Far East.
Financial profile:
All financial information will be made available under the auspices of Turner Butler and subject to the normal letters of confidentiality being in place. Turnover for the present financial year will be circa £900,000, with gross profit being in the region of thirty eight per cent.
Management and staff

Three administrative staff and nineteen production staff support the managing director. There is an ongoing training programme leading to NVQ levels of achievement.
There are two senior managers who are very capable of running this business on a day to day basis.
Support and training:

A full and seamless handover will be available for a period to be agreed as part of the overall negotiations
Reason for sale:

The managing director has decided to take early 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

Next steps

If you are interested in finding out more about this business please:

  1. Click here to generate the Confidentiality agreement with your details
  2. Print the confidentiality agreement
  3. Sign the confidentiality agreement and fax each page of the document to 0870 432 3611
  4. We will contact you and put you in touch with the seller of the business.

[back to businesses for sale] [return to top]