Independent Distributor of Specialist Construction Products

Based in South East England

Overview

Project Limestone specialises in the supply and distribution of specialist construction products, stone, and general heavyside building materials.

The company is a super stockist of many of the leading building suppliers and all deliveries are carried out via the business’s fleet of FORS-compliant vehicles, ranging from transit vans to 26-tonne lorries with HIAB.

As a builders’ merchant industry brand leader in specialist construction products, the company has become a well-respected national supplier. This is due to its extensive and unrivalled stock range, fast economical delivery, and flexible delivery fleet, which has led to a highly loyal and enviable customer base across the UK.

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

Offers invited.

Key Highlights

– Predominantly operates in the construction sector, working with merchants, house builders, and contractors.

– Currently serves circa 200 customers, all of which provide reliable streams of ongoing revenue.

– Operates an e-commerce platform, attracting approximately 1,000 visitors per month with a 7.2% conversion rate.

– Robust and experienced management team in place.

– Operates from leasehold premises which feature an office, warehouse, and a yard.

– Currently experiencing organic growth, and plans to expand its revenue streams by upselling additional products to its existing customer base.

Financial Highlights

– YE23 turnover in excess of £5.3m.

– Adjusted EBITDA of circa £831k achieved within the same year.
Gross profit margin of 40%.

– YE24 outturn figures indicate a turnover of £6.1m with an adjusted EBITDA of £1.5m.

– Currently has a forward order book value of circa £600k, with orders being placed and repeated frequently.

– Approximately 3% of turnover derives from online purchases, indicating excellent scope for growth of the company’s e-commerce platforms.