Provider of bespoke nuclear and defence fabrications

Key Highlights

– Benefits from a wealth of in-house expertise, with personnel regularly undertaking certifications to ensure stringent process standards are upheld.

– Two candidates who, with further training, can absorb the Directors’ roles post-sale.

– The UK’s nuclear and defence industries are forecast to continue growing in the coming years, spearheaded by Government commitments and technological advances.

– Growth may be achieved through recruitment, extending the premises’ operational hours, introducing a specialist apprenticeship programme, and proactive marketing strategies.

– An ideal acquisition opportunity for similar, larger manufacturers which have the resources in place to advance the business’s capabilities within the nuclear and defence industries.

– Operates from two leasehold premises.

Financial Highlights

– Generated a YE23 turnover of £3.9m, with an adjusted EBITDA of £1.2m.

– YE24 outturn figures indicate a turnover of £4.1m. YE25 forecast turnover of £5.4m and adjusted EBITDA of £1.9m.

– A large asset register, holding a net book value of £541k, will form part of the sale.

– 71% of the active clients operate within the nuclear and defence sectors; this is expected to increase to 90% by YE25.

– Long-term purchase orders are in place with core clients, attributing to 55% of the turnover each year. Some agreements will be active into 2028, and the business is currently negotiating a 10-year framework with one key client.

– Current order book of £3.67m, with a further £750k expected in the first half of YE24.