Multi-Discipline Construction Provider of Civils, Utilities, and Refurbishment

The company presents a unique opportunity to acquire a multi-discipline specialist contractor working for blue-chip companies, councils, and major utility companies. The company provides civil engineering, refurbishment, fit out, D&B (both civils and building), and utility infrastructure.

Priding itself on its extensive reputation for excellence, the company has established a market niche through secure, well-established frameworks with national clients, placing it in an ideal position to be expanded within a larger group.

The company has developed a long-standing national client base, benefitting from a multitude of tender opportunities, with limited competition.

The business is now being offered for sale to facilitate retirement plans.

Offers invited.

Key Highlights

– Established for over four decades and presents an ideal opportunity for a progressive buyer to expand the business.

– Primarily serves prestigious and blue-chip clients within the utility sector, with some client relationships spanning over three decades.

– Strong second-tier management team in place that can undertake many daily operations with minimal oversight.

– Operates from freehold premises that are included in the sale.

– Also included in the sale is the previous head office site, which is a plot of land that has been granted planning permission for a block of 21 flats. An offer to buy the land and a contract for the development has been received.

– Pursuing work within the rail and nuclear industries could considerably expand revenue.

– With additional resources and staff in place, the company could accept more work and significantly increase its turnover within an 12-month period.

Financial Highlights

– Management figures show a turnover of £6.8m in YE23, with an adjusted EBITDA of £330k.

– Forecast turnover of £7.2m for YE24.