Electrical Engineering Specialist – Based in the Midlands

Our clients are now offering the company for sale to facilitate retirement plans.

Offers invited.

Key Highlights

– Serves clients across a diverse range of sectors, with key industries including power generation, networks, rail, and water.

– Currently benefits from 23 active clients, with 99% of turnover deriving from ongoing relationships. Clients often increase during busy outage periods.

– 85% of turnover is generated from contracted income with blue-chip clients, providing reliable streams of ongoing income.

– Over 130 employees in place, including an experienced and highly knowledgeable second-tier management team.

– Has gained a large number of accreditations, including ISO 9001, ISO 45001 and ISO 1401.

– Secure frameworks in place, with opportunities to expand further and take on additional projects with existing and new clients.

Financial Highlights

– YE23 turnover of circa £11.7m with an adjusted EBITDA of £1.1m.

– Forecast accounts indicate a turnover in excess of £12.8m in YE24 with an adjusted EBITDA of circa £1.3m.

– Sales of up to £20m expected over the next 10 years via a promising project with an existing client.

– Other potential projects expected to provide £3.2m of revenue.

– Operates from freehold premises on circa three acres of land, which can be included in the sale of the business. The premises hold a market value of £800k.