Electrical Engineering Specialist – Based in the Midlands

Overview

Operating across the UK and Ireland, Project Beryllium specialises in electrical, control and instrumentation works as well as the design and assembly of control panels.

The company has developed two arms of the business, which comprises site services and engineering services.

The business has established itself in an array of key industries, which has resulted in long-standing relationships with blue-chip clients and a turnover which has consistently increased for the past five years.

Our clients are now offering the company for sale to facilitate retirement plans.

Offers invited.

Key Highlights

– Serves clients across a diverse range of sectors, with key industries including power generation, networks, rail, and water.

– Currently benefits from 23 active clients, with 99% of turnover deriving from ongoing relationships. Clients often increase during busy outage periods.

– 85% of turnover is generated from contracted income with blue-chip clients, providing reliable streams of ongoing income.

– Over 130 employees in place, including an experienced and highly knowledgeable second-tier management team.

– Has gained a large number of accreditations, including ISO 9001, ISO 45001 and ISO 1401.

– Secure frameworks in place, with opportunities to expand further and take on additional projects with existing and new clients.

Financial Highlights

– YE23 turnover of circa £11.7m with an adjusted EBITDA of £1.1m.

– Forecast accounts indicate a turnover in excess of £12.8m in YE24 with an adjusted EBITDA of circa £1.3m.

– Sales of up to £20m expected over the next 10 years via a promising project with an existing client.

– Other potential projects expected to provide £3.2m of revenue.

– Operates from freehold premises on circa three acres of land, which can be included in the sale of the business. The premises hold a market value of £800k.