Manufacturer of Wire Rope Assemblies in Midlands
- £500000
Overview
- Business, Fabrication Businesses, Machinery Businesses, Manufacturing Businesses, Metal Manufacturing Businesses, Other Manufacturing Businesses, Precision Tool Businesses
Description
A long established and successful family business. The company manufactures wire rope assemblies and slings from leased premises in the central Midlands, with excellent access to the extensive motorway network.
A well known and highly regarded, independently owned wire rope splicing and rigging Company, specialising in the Manufacture of wire rope assemblies to exacting customer specifications. The Company was formed just after the turn of the century by a husband and wife team after many years of working within the wire rope industry. The Company operates a Quality Management System to ISO 9001:2015.
Average Turnover in recent years is £366km generating Adjusted net profit of adjusted EBITDA of £140k (adjusted for replacement of 2 outgoing directors). NBV circa £368k including surplus cash 160k.
The two shareholder/directors are now the only employees of the Company and are looking to retire. A reasonable hand-over period can be negotiated.
This is a strictly confidential sale! For further information please click through to receive our Teaser and NDA. Any issues, please contact Business Partnership Birmingham office directly.
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Long Established Family Run Company
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Average Turnover in Recent Years £366k, ANP £230k (pre directors costs)
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Quality Management System to ISO 9001:2015
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Strong Fixed Asset Base
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Small In-House Machining Capabilities
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Enviable Reputation in the Sector
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Retirement Sale
Details
Updated on February 16, 2025 at 7:55 pm-
Price £500000
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Property Type Business, Fabrication Businesses, Machinery Businesses, Manufacturing Businesses, Metal Manufacturing Businesses, Other Manufacturing Businesses, Precision Tool Businesses
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Property Status For Sale
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Tagline Fabrication Businesses, Machinery Businesses, Metal Manufacturing Businesses, Other Manufacturing Businesses, Precision Tool Businesses
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Annual Turnover £366,000
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