A Provider of Glass Fibre Product Moulding

The company is an industry leading provider of integrated design and production solutions for a range of tools, components, and glass fibre products for motorhomes and campervans, utilising moulding processes such as glass fibre composite spray-up, hand layup, closed mould RTM systems, and solid surface casting.

Priding itself on its exceptional products and services, the company has built a large, loyal customer base, which includes a number of prestigious caravan and campervan manufacturers.

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

Offers invited.

Key Highlights

– Benefits from over 20 active long-term customers that provide ongoing repeat orders each month, experiencing a high retention rate.

– Operating for over four decades.

– Strong second-tier management team in place.

– Manager in place who is currently being trained to take over the Director’s role post-sale.

– Operates from a freehold unit and an adjacent leasehold unit.

– Potential for growing sales with a number of existing customers to whom the company currently provides shower cubicles, campervan roofs, sanitaryware, and boat parts.

Financial Highlights

– Turnover of £6.8m in YE23 with an adjusted EBITDA of circa £540k.

-Turnover of £6.5m in YE22 with an adjusted EBITDA of circa £190k.

-Has achieved an increase in turnover of 105% between YE20 and YE23, demonstrating its recovery from the Covid-19 pandemic.

-Freehold premises that can be included in the sale, which hold a value of £350k.