Project Landscape

Business for Sale

Details

Sale Type:

Businesses for Sale

Status:

Active

Due to the age of the directors and recent cash pressures, an opportunity exists to purchase the shares or business/assets of the Company who have provided ground maintenance and care services to over 600 private and public sector clients for almost 30 years. Clients include Universities, Colleges, Councils, NHS Trusts and blue chip private customers.

Business Overview

  • Specialise in all areas of grounds maintenance
  • Operating from five depots in the South West
  • ISO 9001 & 14001
  • Safe Contractor, Constructionline and EA controlled waste carrier licence
  • Head Office leasehold premises of c6,000sq ft and yard, occupied under terms of nine year lease entered into in 2014
  • Other smaller storage depots occupied under less formal arrangements.
  • Opportunity to significantly increase throughput from all depots
  • Loyal customer base of 600 customers
  • Significant quantity of unencumbered assets comprising plant, motor vehicles fixtures and fittings

Assets for Sale

  • Sale of Shares or Business and Assets as a Going Concern
  • Stock
  • Business Name and Intellectual Property
  • Goodwill
  • Tangible assets
  • Customer database and contracts
  • Property leases

High level financial information

Accounts for the 12 month period ended 31 December 2017

  • Total Annual Turnover - £1.6m [2016 - £1.4m]
  • Gross profit - £300k [2016 - £278k]
  • Net Profit After Tax - £0 [2016 - £1k
  • Fixed Assets NBV - £134k [2016 - £153k]
  • Current Assets NBV - £400k [2016 - £399k]
  • Shareholders Funds - £142k [2016 - £160k]

Management Accounts 11 Months to November 2018

  • Turnover - £1.4m
  • Gross Margin - £426k
  • Net Profit - £50k

Further Information

Requests for further information to carry out due diligence should be addressed to Graham Randall at Quantuma LLP. Contact details provided below.

Interested parties are invited to register their interest. Access to additional information will be provided on receipt of a signed nondisclosure agreement.

Due to the Company’s position it is essential that a sale is completed as soon as possible. We are therefore requesting that indicative offers are to be submitted by close of business on Friday 8 March 2019; to be supported by proof of funding. Any purchaser must be able to complete on an accelerated basis.

For further Information contact:

Graham Randall, Quantuma LLP

T. +44 (0)117 428 7400 E. graham.randall@quantuma.com