Provider of principal contracting services

Project Ashby undertakes end-to-end principal contracting services for projects of all sizes throughout Scotland, from small, private works to large-scale developments.

Solutions include plant transportation; drilling, blasting and crushing; grading and rolling; roadworks; bridge and recreational walkway installation and maintenance; and access and crane pad installation at renewable energy sites.

Our clients are now offering the company for sale to realise the assured value of the existing business, while facilitating further growth using the resources of a new owner. Offers invited.

Key Highlights

– Accredited by CHAS and registered with the Achilles UVDB.

-Works with clients across the forestry, estate management, renewable energy, civil engineering and building contracting industries.

– Strong client loyalty; over 98% of revenue generated by existing relationships with blue-chip organisations.

– Operates from office and yard premises owned by a shareholder that can be included in the sale on a leasehold or freehold basis.

– Has offered plant hire solutions on an ad hoc basis, presenting scope to further utilise its assets and generate another revenue stream.

Financial Highlights

– Generated a YE23 turnover of £4.49m, with an adjusted EBIT in excess of £800k.

– YE24 outturn turnover of £4.6m and adjusted EBIT of circa £1m.

– Average gross profit margin of 62% between YE20 and YE23.

– Owns all of the assets used for hire and contracting activities; the equipment and vehicles register holds a value in excess of £3.1m.

– Recently secured a four-year contract; the total spend will be between £12.5m and £16m, increasing the business’s annual turnover by circa £3m for the duration.

– Other contracts in place include maintenance agreements with renewable energy clients, as well as a £20m three-to-four-year contract.