COMMERCIAL ELECTRIC VEHICLE SUPPLY, MAINTENANCE AND REPAIR SERVICES SPECIALIST

Overview

The business is a multi-faceted commercial vehicle specialist that has been operating at the forefront of its regional market for 30 years.
The company’s main revenue stream is the sale of commercial electric vehicles.
The business also has a strong presence in the aviation industry, supplying commercial vehicles and specialist ground support equipment to prominent
blue-chip organisations.
In addition, the company services and maintains commercial vehicles on behalf of a varied range of customers such as emergency services, defense, motor sports and logistics.
Our clients are now offering the business for sale to facilitate their retirement plans.

Key Highlights

Diverse, reliable revenue streams, with 72% of revenue generated from commercial EV sales.
Additional services include parts and component supply, as well as commercial contract hire, serving and maintenance of specialist vehicles.
A large proportion of revenue is generated from servicing and fleet maintenance contracts.
Operates from leasehold premises with a multitude of service bays and extensive manufacturing facilities.
Significant scope to accelerate electric vehicle development and meet the demands of the market, whilst benefitting from key Government schemes.

Financial Highlights

Achieved turnover of £18m with adjusted EBITDA of £2.1m in YE23.
Strong balance sheet in excess of £5m.
Projected to achieve an £18.5m turnover in YE24, with adjusted EBITDA of £2.2m.
Growth supported by increased demand for commercial electrical vehicles, which is expected to accelerate over the coming years.