International Provider of Aircraft Maintenance Services Based Across the UK and Ireland

Based Across the UK and Ireland

Overview

Project MRO is an international aircraft base and line maintenance provider for a multitude of airlines, lessors, and operators.

Included in Project MRO is a subsidiary company that utilises all licences of the primary company to carry out maintenance on aircrafts and pays the primary company a monthly fee.

Demonstrating its success, the group has gained a multitude of certifications throughout its time in operation and can handle most aircrafts from major manufacturers.

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

Offers invited.

Key Highlights

– Services include base maintenance, line maintenance, end-of-lease services, livery and paint support, and tool and equipment leasing.

– Operates in the aviation sector, serving 135 clients, all of whom provide reliable streams of ongoing revenue.

– Operates from several leasehold premises across the UK and Ireland.

– Highly trained and experienced team in place across the group.

– Utilises a team of qualified Engineers to ensure aircrafts are maintained to the regulatory compliant standards.

– Strong relationships with synergistic organisations, allowing the group to offer a comprehensive range of services.

– Scope for growth via the expansion of the primary base maintenance facility and the recruitment of additional Engineers.

Financial Highlights

– YE23 turnover of circa £9m.

– Adjusted EBITDA of £743k achieved within the same year.

– Forecasted to generate an excellent turnover of £8.9m in YE24.

– Average gross profit margin of 43% between YE19 and YE23.

– Currently provides circa 20% of UK aviation maintenance requirements.

– In discussions with two major airlines that could be prospective new clients, which will generate additional revenue for the business.