Precision Engineering Company Specialising in Exotic Materials – Based in North East England

Overview

The company specialises in precision turned parts, manufactured from a wide range of exotic materials, such as stainless steel 316L, Super Duplex, Inconel 625, Monel 400, and Titanium grades 1 and 2.

As well as working with a wide range of exotic materials, the company manufactures varying types of flexible hose couplings, socket weld, butt-weld adaptors and butt-weld elbows and tees.
The business benefits from its own range of high-pressure components, and can work with customers on bespoke designs, using state-of-the-art machinery and computer programs for rapid design and product delivery.

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

Offers invited.

Key Highlights

– Long-standing key customer relationships, particularly within the oil and gas industry.

– 12 active customers, all of whom provide reliable and recurring streams of revenue.

– Enquiry to Order conversion rate, 2018 – 2023 average >60%.

– A trusted partner to their loyal customer base; partnerships achieved through years of rapid RFQ turnaround, the provision of high-quality products, full material traceability along with certification, delivered on time with consistently high margins.
ISO:9001 accredited.

– Serves customers across the UK, Norway, Brazil, and the USA.
Operates from large workshop and office premises (circa, 11,500sq/ft), which are owned by the shareholders and leased to the company, with scope to extend the facilities.

– Experienced and dedicated Senior Management Team, along with Technicians, CNC Programmers, Setters and Operatives in place.

Key Opportunities

– Significant opportunity to develop in oil and gas market.

– Growth into new and adjacent markets.

– Develop capabilities and partnerships to offer turnkey solutions.