Mechanical engineering
Ref.IH004 Location NottinghamAsking Price £400,000Confidential 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 | |
Turnover Approaching one million pounds sterling
Asking price includes
Sales of circa £1,000,000 per annum
Established for 9 years
Precision Engineers
Excellent reputation
ISO 9001-2000
Good location
Purpose-built workshop
Fully-trained staff
Excellent potential
Automation-turnkey projects
On-going growth pattern
Machine Installations
Factory fittings and equipment
Training and handover | Business profile: | This business was established in 1994, and specialises in maintenance engineering, repair, refurbishment, site work and installation to its 20 clients. The business works predominantly with blue chip companies, and has become the choice supplier for their main customers, providing the quality of service and standard of workmanship synonymous with excellent professional workmanship.
The business offers a friendly, professional service and a wealth of engineering knowledge for a wide range of industries. The business employs 15 fully skilled craftsmen comprising fitters, machinists, welders and fabricators. They also have a dedicated support team providing administration, accounting and purchasing expertise.
The business has built up an excellent reputation, and through its commitment to quality, reliability and total client satisfaction, has developed and expanded both its core business, and the scope of its operational expertise, within a highly competitive sector of the engineering industry.
The business has a strong commitment to health and safety with all site and workshop personnel being fully trained in basic first aid and site-specific safety issues. The company continually reviews and updates it health and safety policy in order to keep abreast of current legislation in this highly sensitive area.
The business has a distinct competitive advantage in that its business modal is customer focused, with their constant and steady growth as a result of ensuring the client’s needs are met completely. The business has excellent lines of communication with the clients, ensuring proactive client communication. The workforce is well qualified and skilled, and have many years on the job experiences. The workforce remains proficient in industry trends, and are constantly trained to provide up to date technical advice and unrivalled service.
The business prides itself on providing unsurpassed client service and quality workmanship. Staff makes personal visits and regularly liaises with clients by telephone, consistently following up on projects previously completed. This has led to excellent long-term working relationships between the business and its many clients, and the business’s subsequent excellent reputation in the industry.
Quality, reliability and professionalism allied to a flexible approach, are the main features of the business’s services. It is a business philosophy that has brought the firm considerable success over the years and a growing portfolio of satisfied clients.
The business services a range of clients, including British Steel and the world's fourth largest privately owned water company.
Quality Assurance
The business has been awarded the prestigious ISO 9001 quality accreditation, and is registered with “link-up the railways authority body for standards”. The business is also a member of a training provider, ensuring constant industry training and technical proficiency. The business is a member of the Federation of Small Business, as well as the British Chamber of Commerce.
The business’s factory is fully fitted, and can provide full assembly, refurbish and on site service with apprentice trained fitters and welders. In addition to this, the business provides engineering services including:
• Design
• General fabrication
• Structural fabrication
• Machining
• Removal, assembly and installation
•On-site services
•Platforms, ladders and stairways
•Overhaul and refurbishment
•Manufacture from drawings
•Maintenance
•Commissioning
•Vertical and Horizontal Boring/Milling/Slotting
•Shafts Manufactured or Refurbished
•Surface Grinding
•Gearbox Overhauls
•Propshaft Overhaul (Hardy Spicer)
•Axle & Wheel Assemblies
•Drive-shaft & Sprocket Assemblies
•Winch-Gear
•Major Welding & Fabrication
•Breakdown & Repair
•General Site Services
Workshop
The business’s factory is stocked with mechanical equipment to enable the machining of any parts that are required, as well as for general machining of customer-supplied castings. Machining equipment includes:
•3500 A Dedicated to Machining & Fitting
•3000 fi Dedicated to Fabrication
•Steel Fabrication up to 10 tonne in weight and up to 15 ft in height
•Welding by MIG and MMA
•10 tonne Electric Crane -15 A 3" head room
•5 tonne Electric Crane -15 A head room
•Viking VTB I-ID520 Lathe with DRO 2000 X 520 Gap
•Asquith OD 1 5fi Radial Arm Drill
•Drill, Forte Band Saw & Fly Press
•Adcock and Shipley Universal Miller
•2 Ingersoll Rand Compressors
•Richards 48 x 48 x 36 Horizontal Borer with Table & D. R. O.
•Butler Hydrabore 36 x 36 x 36 Table with Universal Head
•Demoor Centre Lathe 3m x 600 GAP
•150 tonne Enerpac Press
•Webster & Bennett 48" Vertical Borer to be installed shortly
•Universal miller 1000X500 BED
•Butler 14” slotier | Premises
The business operates from leasehold purpose-built workshop facilities situated just minutes from the M 1 Motorway, giving easy access to a network of major road routes across the Midlands and North of England.
Workshop Capacity: Full and extensively equipped workshop facilities measuring circa 3500 square feet dedicated to machining and fitting, with the capacity to undertake large-bore machining, drilling, milling, slotting or hydraulic pressing.
Welding and Fabrication: Fully equipped welding and fabrication facility measuring circa 3000 square feet, having the capacity to undertake fabrication work up to 15 feet high and 10 tons in weight. | <>Advertising and Marketing
The business has advertised to a limited degree is the past, utilising the Yellow pages, a professionally designed brochure, and an informative website. There are large areas for further advertising and growth opportunities, and an excellent direct client base from which to grow.
There are excellent opportunities to expand the advertising base, and increase profitability. Various methods including the local press, exhibitions, posters, or a direct sales drive could be used to grow the business. | | | Financial profile: | | All financial discussions will take place directly between the vendor and the interested parties. | Employees
The business employs three machinists, five fitters, two welders, two platers, a general assistant, financier, secretary, project assistant and a sales engineer. | Owner Support and Training
The owners are happy to assist with the hand over and the training. | Reason for Sale
The owners wish to retire | | 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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