A road surfacing company for the housebuilding sector

Having developed an excellent industry reputation, the company now benefits from long-standing relationships with some of the largest operators within the housebuilding sector, including several well-known blue-chip clients, all of whom provide regular repeat business.

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

Offers invited.

Key Highlights

– Annual tonnage of over 30,000 per annum.

– Caters to over 40 clients on a regular basis, with some relationships spanning over 40 years.

– Strong asset list featuring vehicles with a new book value of £174k.

– Accredited by ALCUMUS, CHAS, SMAS and PQS.

– Experienced second-tier management team in place, many of whom have over 30 years experience.

– Operates from freehold premises, which may be included in the sale on a freehold or leasehold basis.

Financial Highlights

– Turnover of £5.5m achieved in YE23, with an adjusted EBITDA of £394k.

– YE23 turnover includes a one-off project witha sale value of £695k, which the company does not expect to expand on.

– YE24 forecast of £4.65m, with an adjusted EBITDA of £320k.

– Current pipeline of £500k.