A Provider of Glass Fibre Product Moulding

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.