Supplier of Irrigation Equipment to UK Growers

The sale is offered due to the owners wishing to focus on other, core areas of the parent company.

Offers invited.

Key Highlights

– Has introduced a number of new technologies that assist clients in streamlining their processes and operate machinery more precisely, effectively, and efficiently.

– Has 77 active customers within the agriculture and horticulture sector.

– Operates from premises that are shared with the parent company where a new owner could potentially rent some storage space. Alternatively, the business is relocatable.

– Having dedicated few resources and staff to growth to date, there is huge scope for further development through hiring dedicated staff to fulfil service and marketing roles.

– Developing proactive marketing strategies by introducing further online advertising and attending or exhibiting at national trade shows would facilitate rapid growth.

Financial Highlights

– Net asset value in YE23 of circa £1.1m.

– Expanding customer base, with circa 50% of sales derived from new customers each month.

– Outturn of circa £850k in revenue for YE24 for the hose reel and pump arm of the business, with an EBITDA of £64k.