Provider of subcontracted machining and assembly services

Having built up a strong and respected business, the shareholders are now offering the company for sale as part of their retirement plans.

Key Highlights

– The company is focused on the delivery of high-quality precision machining and assembly solutions, producing a wide range of unique components for its clients’ varying requirements.

– Benefits from a diverse client base, predominantly working with large organisations in the electric vehicle, medical, fastener, aerospace, pneumatics and automotive sectors.

– Maintains strong, long-standing relationships with blue-chip clients, some of which span over nine years, with all of its active clients providing reliable, repeat custom on a regular basis.

– Loyal and highly experienced team in place, which possesses extensive knowledge of the sector and has demonstrated the skills required to manage day-to-day operations with minimal oversight.

– Operates from fully fitted leasehold premises based in South West England, which feature extensive CAD, milling, turning and assembly facilities.

Financial Highlights

– Achieved turnover of £3.2 million in YE23, with an adjusted EBITDA of £849k.

– Approximately 80% of turnover is reliably supplied through recurring orders, blanket orders and long-term contracts.

– Possesses a wealth of assets, including state-of-the-art plant, machinery and equipment collectively costing in excess of £3.1 million.

– Having recently been awarded a number of high-value projects, turnover and profitability are projected to rise considerably over the coming years.

– Maintains strong gross profit margins, averaging 35% across the last three years.

– Future revenue is secure, with the company having built up a prominent presence within a diverse range of sectors, with no reliance on any key clients.