Provider of labour and plant to the asphalt and surfacing industries

Our clients are now offering the company for sale as they wish to realise the assured wealth derived from the value of the existing business, its goodwill and potential, whilst supporting its continued expansion.

Key Highlights

– Benefits from a skilled and highly qualified team of directly employed operatives, enabling it to efficiently manage a high volume of projects with enhanced levels of control whilst maximising profitability.

– Manages a wide variety of projects, ranging from smaller residential works through to major highways, infrastructure and airport resurfacing projects.

– Predominantly works with prestigious, blue-chip contractors, maintaining strong, long-standing client relationships, with all revenue being generated via repeat custom from long-term clients.

– Highly experienced management team in place, possessing the skills and experience required to manage day-to-day operations on an ongoing basis.

– Operates from well-connected premises based in South East England, which are owned by the company and will be included in the sale.

Financial Highlights

– Achieved turnover of circa £17.9 million in YE22, with an adjusted EBITDA of £3.7 million.

– Turnover is on course to reach circa £19 million in YE23, with adjusted EBITDA also increasing to £5.4 million.

– The company owns a wealth of assets, including plant, machinery, vehicles and property collectively valued at circa £4 million.

– In the last year, 100% of revenue was supplied by returning clients, with the consistently high standard of service provided by the business ensuring their continued custom.

– Maintains strong gross profit and adjusted EBITDA margins, averaging 27% and 20%, respectively, across the last three years.