Principal contractor for commercial property refurbishments

Our client is offering the company for sale to facilitate lifestyle changes. Offers invited.

Key Highlights

– Accredited by CHAS Advanced, Constructionline Gold, and SafeContractor. Also operates to ISO 9001, 18001 and 45001 certification standards.

– Works with schools, universities, Government departments, local authorities, property developers and other organisations, primarily in the Midlands.

– Generates 10% of its income from nationwide projects, presenting vast potential for geographical expansion through existing clients.

– A manager has demonstrated the necessary skills and expertise required to absorb the director’s responsibilities, post-sale, subject to further management support.

– Operates from leasehold office and storage premises. The centralised location facilitates easy access to clients’ sites throughout the Midlands and the wider UK.

Financial Highlights

– Generated a YE23 turnover of £6m, with an adjusted EBITDA of £921k.

– Projected to achieve a turnover of £10.8m by YE25, with the adjusted EBITDA increasing to circa £1.8m.

– All income is secured through contracts, and there is loyalty from blue-chip clients; 90% of clients appoint the business for multiple projects.

– Procures approximately 70% of its revenue from four key framework agreements, three of which will be in place until at least 2026.

– In an advantageous position to be awarded a subsequent contract with a large blue-chip client in autumn 2024.

– Has a strong 2024 pipeline in place, with £5m worth of works scheduled. The business is ideally positioned to advance its activities for existing clients, with scope to attain a further £2m. Outstanding tenders total £5m.