Supplier of High-Performance Lubricants to a Range of Markets

The company is now being offered for sale to facilitate retirement plans.

Key Highlights

– Serves a wide-ranging and diverse customer base, many of which provide repeat business, across the automotive, industrial plant, agricultural, renewable energy, waste management, and special products sectors.

– Has developed long-term relationships with a number of blue-chip and prestigious organisations.

– Introducing oil derived waste product collection or offering specialised oil derived products could continue to facilitate growth.

– Currently in the process of establishing an e-commerce platform and introducing social media marketing to grow its brand image.

– Presently establishing a new sales team in the Midlands to concentrate solely on procuring new business across the UK; this will be operational in FY25.

– Strong second-tier management team in place that can undertake many daily operations independently to the Shareholders.

– Operates from premises situated strategically around the UK to provide access to a wider customer base.

Financial Highlights

– Turnover in excess of £15.5m in FY23 with an adjusted EBITDA of £2.2m in the same year.

– On track to achieve FY24 turnover of £11.8m and adjusted EBITDA of £1.1m.