Business
Please quote reference Number B08167.
The company, established seven years ago, specialises in selling, hiring and erecting safety decking systems for new build projects across Yorkshire. The company offers cost-effective lightweight system, backed by IP rights, which provides an exceptionally safe platform for operatives working at height, positioning itself as a provider of the strongest and fastest-to-install system on the market.
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The company has established a focused and stable client base within the new build housing sector. The company actively serves 10-12 clients, maintaining strong relationships with several prominent house builders in the region.
In mid-2024, the company launched its national franchise across the UK and Ireland, granting franchisees the rights to own and operate a franchise within a defined area for a period of 5 years. This promising new franchise model presents significant potential for geographic expansion, enabling the company to deliver its product and services to a nationwide base.
The firm has maintained robust revenues and healthy profitability since its founding, turning over some £940,123 in 2022 with an adjusted EBITDA of £202,056.
There are several promising growth avenues for the company’s services, including growing the nascent franchise model and expanding beyond its Yorkshire-based sales territory. The wider political environment also seems conducive to greater demand for essential building products and services, including safety decking solutions. Positive developments include the new government’s plan to construct 1.5 million homes in England over the next five years, enabled by planning reforms, release of green belt (and ‘grey belt’) land, and the reintroduction of mandatory housing targets for local authorities.
Highlights –
- The strongest and fastest-to-install safety decking system on the market, backed by IP rights, and featuring a dual locking pin safety mechanism, and rapid assembly capabilities of up to 100m² per hour;
- Strong position within the Yorkshire construction market, serving 10-12 prominent house builders with a 95% repeat customer rate;
- Innovative franchise model, offering substantial scope for geographic expansion;
- Well-positioned to capitalise on the large UK market for scaffolding products through a targeted sales and marketing strategy;
- Robust revenues and healthy profitability, with an adjusted EBITDA margin of 21% in 2022 and 17% in 2023;
- 8 salaried employees and 8 labour-only staff members.
Opportunities –
The company’s innovative and highly regarded safety decking solution positions the company for potential expansion beyond Yorkshire. By implementing a targeted sales and marketing strategy aimed at house builders nationwide, as well as growing its franchise business and its presence on self-hire platforms, it could capitalise on the large UK market for scaffolding products.
Location
Based in the Yorkshire.
Premises
The business operates from an Industrial unit.
Tenure
The premises are Leasehold.
Hours
Due to the nature of the business it operates all year round.
Staff
There are 16 employess of which 8 are salaried and 8 are labour-only.
Financial Profile
Turnover IRO – £809k in 2023.
• 100% share capital.
• Interested parties will be required to sign an NDA.
