MANUFACTURER OF SPECIALIST TEXTILE PRODUCTS

Products are manufactured from multifilament synthetics, technical high-spec yarns and natural fibres before being dyed or PVC coated. They offer several critical safety features, including ultimate tensile strength, chemical resistance, flame retardancy, and antimicrobial/antifungal finishes, to name a few.
The shareholders are offering the company for sale to facilitate their retirement. Offers invited.

Key Highlights

– Offers a flexible service to its customers, with its manufacturing processes adaptable to unique customer specifications and R&D work, with one current project having the potential to be very lucrative.

– Currently has 100 active customers generating business on a regular, repeat basis. Some of these relationships have been in place since the company’s inception.

– Also maintains a database of over 500 past customers that make purchases on a cyclical basis, with orders ranging from every few months to every few years.

– Experienced second-tier management team in place.

– Operates from leasehold premises.

– Demand for the company’s products is expected to remain high for the foreseeable future, driven by the requirement for safety equipment in a range of sectors, such as the defence, aerospace and materials handling industries.

Financial Highlights

– Turnover of £2.1m for YE23

– Achieved an adjusted EBITDA of £353k in the same year.

– Outturn turnover of £2.2m for YE24, with adjusted EBITDA rising to £371k.

– Strong pipeline, with orders typically in place for four-to-six week period, with potential to generate additional revenue upon completion of ongoing R&D work.