Rigid Sheet Plastic Processing Company
Ref.EY027 Location EssexAsking Price £480,000Confidential 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
Fully equipped manufacture & plant
Successful range of specialised services
Circa 16,000 square foot operational area
Sales of circa £700,000 per annum
Extensive investment in technology
23 years of successful operations
Un patented technical know-how
Excellent opportunity to grow
Established client base
All fixtures and fittings
Training and handover
Company Website
Excellent premises
Computer system
Leased property
Prime Location
Goodwill | Business profile: | Multiplastics started in 1983 and has evolved to become the UK's leading processor of rigid sheet plastic. To provide the industry with consistently accurate cut panels we were the first in our industry to invest in a fully automatic beam saw and in 1991 we continued to innovate with the first multi sheet, CNC Router. This system remains unique to this day, providing profiled shapes ready for fabrication. Over the years our services have extended and we now offer diamond polishing, spindle moulding and we can put a radius on the corners of square and rectangular panels all with exceptional quality at realistic and competitive prices.
This business was founded in 1983 by the Vendors and has grown since to become a significant enterprise and become the UK's leading processor of rigid sheet plastic with a countrywide reputation for the quality of its high integrity products and service, its honesty and reliability.
The business offers a comprehensive range of consistently accurate cut panels and was the first in the industry to invest in a fully automatic beam saw. In 1991 the commitment to technology was continued through innovation and investment with the first multi sheet, CNC Router. This system remains unique to this day, providing profiled shapes ready for fabrication.
Over the years this business’s services have extended and they now offer diamond polishing, spindle moulding and can put a radius on the corners of square and rectangular panels all with exceptional quality at realistic and competitive prices.
The business operates from a prime location in Essex close to all amenities and trunk road access. The business has the technical and manufacturing capacity to increase production within current plant operations.
For 23 years, the company has been offering its customers a comprehensive range of specialised products and services to a loyal and long term customer base, some of whom have relations with the business pre-dating the earliest days of trading.
The business is further supported by exemplary relations with key suppliers who have helped to ensure that production is never compromised and that customers are never let down. This commitment to supply chain relationships has underpinned this business’s abilities in product quality and business growth.
With the benefit of state of the art, comprehensive in-house facilities the best quality manufacture through both key business areas has been maintained, the business has as a result also maintained significant control over costs in a demanding market.
No small part in the ability of this business to grow and sustain its profitability is due to the quality of its people. The business has a strong commitment to the development and welfare of its staff; which has contributed, alongside investment in technology, to the excellent profitability of the business and its current position as it is poised to exploit expected and significant new growth in turnover.
Customer Service
The business manages approximately 20 customers in any normal week and has the systems, processes and people to ensure that both productivity and customers’ orders are satisfied. The most important aspects of customer management and satisfaction considered by the business is honesty and reliability which is responsible for the business retaining many customers and the reputation for which has led to the acquisition of new customers.
Key strengths
The business is an autonomous organisation where the business owner has, over time developed and nurtured a management team capable of overseeing business operations effectively, reducing the need for constant input from the vendor.
The business is well established and profitable with higher sustained margins, and a strong, growing customer base, happy with the high added value product. The business retains a high level of repeat business, particularly among a number of customers returning on a regular basis and having done so for many years.
The company has earned an outstanding reputation for its honesty, service, reliability, efficient job completions, excellent quality work, ability to deliver multiple products, cost control and highly skilled, experienced staff.
This business’s real competitive advantage is in its ability to process small and high volumes of highly intricate routed products at a more than competitive price, while maintaining significant margins.
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, particularly in unexploited complementary sectors.
Key opportunities
This is an outstanding opportunity to build on the existing products, services and customer base of this company. With a strong demand combined with a capacity to increase turnover, a new owner contributing fresh ideas will have every advantage of building on an excellent platform.
This firm maintains an extensive base of satisfied customers, who appreciate the company’s superior product and service. There are many excellent avenues for growth, especially with operations capacity, an investment in marketing & sales and market forecasts which are showing trends for significant growth and development.
Technology
Added to the investment in production technology, administrative and specific technical systems have been set up to provide the technology required for a modern and efficient business.
Current equipment includes:
•Schelling Automatic Beam saw with a turntable
•Macryl diamond polisher/ milling machine
•AF diamond polisher/milling machine
•Axxiom 1 CNC multi sheet router
•Axxiom 2 CNC multi sheet router
•Shoda CNC vacuum bed router
•Radiussing mach
•Spindle moulder | Premises
The business is located in an easily accessible area in the Essex with its many key road transport arteries and operates from a floor area circa 16,000 square feet including factory, storage and administrative offices.
The lease is available for negotiation. | <><>Advertising and marketing
The business has used extensive marketing tools in the past and there are excellent opportunities to increase this in line with investment in marketing and sales to new and international markets and market the business more aggressively to significantly increase turnover.
The business maintains a comprehensive website and is committed to investment in direct marketing techniques such as special mailed productions illustrating the benefits of the business’s processes and products.
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. | | | Financial profile: | The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
The business is financially stable with low borrowings, low overheads, positive cash flow, enjoys a strong order Book, high gross and high net profit and has shown consistent growth over 23 years trading.
Sales revenue is circa £700,000 per annum and our clients feel that with amendments to operations capacity and the imminent increase in market demand the business could dramatically increase its revenues. | Employees
The business employs 11 people in total; all operatives are highly skilled and experienced, including 6x machinists including 1x programmer and has an experienced management team of 2x admin staff, 2x sales staff and 1x accountant who with the vendor, 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 vendor’s 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 |
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