The company is a manufacturer of low-volume, bespoke precision components for applications within the oil and gas industry, with additional revenue generated by the international engineering sector.
Benefitting from high volumes of repeat business, the company works to precise drawings and specifications supplied by the client to produce low-volume runs of complex and basic components, with the value of individual items ranging from £100 to £40,000.
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The company carries out a range of machining activities in house, including CNC milling and turning and EDM machining utilising state-of-the art plant and equipment. Other services are subcontracted to a range of selected firms.
The company is being offered for sale to facilitate changes to the shareholder’s lifestyle.
Offers invited.
Key Highlights
– Offers a full turnkey service, that incorporates the purchase of raw materials, spark erosion, surface coating, and non-destructive testing, alongside its comprehensive machining offering.
– Acts as a tier one supplier to several clients, including OEMs, benefitting from high levels of reliance across key sectors.
– Specialises in the complex machining of exotic alloys, including nickel alloy / Inconel 625 and 718.
– Currently working towards API Q1 approval, which will make it one of the few UK companies holding this certification.
– Has developed an excellent reputation for quality and several long-standing relationships with industry leading clients, some of which span over a decade.
– Experienced team in place, led by a shareholding managing director who is willing to provide a handover period post-sale.
-Operates from freehold premises valued at £580,000, which will be included in the sale- .
Financial Highlights
– YE23 turnover of £4.5m, with an adjusted EBIDTA of £991k.
– YE24 outturn turnover of circa £4.9m, with an adjusted EBITDA of £1.2m.
– YE25 forecast of £5.75m, with an adjusted EBITDA of £1.35m.
– Current pipeline of circa £2.3m, including a single order with a value of £627k.
– Additional business valued at £800k is expected from an established client in 2024.
