A provider of drainage and water mains solutions

The company provides a comprehensive range of services covering the inspection, cleaning, repair and installation of drainage and water mains systems, primarily specialising in water jetting works and CCTV surveys.

Benefitting from minimal competition within its geographic area, the company utilises a fleet of dual-purpose water jetting and CCTV vans that enable it to provide an efficient service and complete both functions on locations with one vehicle.

The business is being offered for sale to facilitate the retirement of two of the shareholders.

Offers invited.

Key Highlights

– Caters to clients within the construction, insurance, and property maintenance sectors, also receiving a steady stream of work from local authorities.

– Works with 52 clients in total, beneftting from a steady stream of work from all, with client relationships spanning 15 years.

– Primarily operates in Scotland, with additional revenue generated from Northern England.

– Experienced second-tier management team in place to manage the company post-sale.

– One of the shareholders has indicated that they would prefer to remain with the business and work with a new owner to drive ongoing growth.

-Operates from leasehold premises.

Financial Highlights

– YE23 turnover of £600k, with an EBITDA of £171k.

– YE24 outturn turnover of £753k, with an EBITDA of £186k.

– Turnover expected to reach £843k in YE25 and £919k in YE26