A provider of electrical and telecommunication infrastructure installation and maintenance services

The company is offered for sale as part of the founding shareholders’ exit strategy.

Key Highlights

– The company offers all-encompassing solutions for its clients, continually investing in new technology to streamline and enhance operations.

– Predominantly works with distribution network operators (DNO), independent connections providers (ICP) and private electrical infrastructure networks on sites based nationwide.

– Maintains strong, long-standing relationships with clients, several of which span over 18 years, with all active clients continuing to provide repeat custom through ongoing contracts.

– Retains a strong, directly employed workforce, led by an experienced senior management team, all members of which wish to remain with the business in their current positions, post-sale.

– Currently operates from well-connected leasehold premises based in the East Midlands, supporting the efficient delivery of services to the region.

Financial Highlights

– Achieved turnover of £7.8 million in YE23, with an adjusted EBITDA of circa £1 million.

– Turnover is on course to reach circa £7.9 million in YE24, with an adjusted EBITDA in excess of £950k.

– Approximately 70% of revenue is generated from ongoing, long-term framework agreements, several of which have remained in place for over 10 years, ensuring that future revenue is secure.

– Maintains a strong pipeline at all times, with prospective works collectively valued at £2 million per annum currently under consideration with clients.

– Possesses a wealth of assets, including plant, equipment, vehicles and machinery collectively costing in excess of £3.3 million.