Opportunity to acquire the business and assets of an established southern based scaffolding contractor

Business For Sale

Details

Sale Type:

Businesses for Sale

Status:

Past

KEY INVESTMENT HIGHLIGHTS

  • Business established over 30 years from existing premises (under licence) – 2000 sqft office, barn storage and 0.75 acre yard.
  • Long standing blue chip customer base. 
  • £2m invoicable on current contracts to 31.7.17 (1 contract over £800k and 24 contracts over £10k), with a forward order book of £1.6m
  • Stocks of standard tube & fittings, system scaffolds and Ubix Roofing system – with a replacement cost of £2.4 million
  • Owned vehicles – 3 lorries, 4 trailers, 5 vans.
Financial
Performance 
y/e 31.7 16  y/e 31.7.17  5 months to
31.12.17 
   Actual   Draft   Draft
   £’000  £’000  £’000
 Turnover  5,300  3,300  1,500
 Gross profit  1,400  690  330

 Profit / (loss)         
Before Tax

 230  (470)  (137)

REASON FOR SALE & PROCESS

  • As a result of delays in potentially significant contracts, the Company has incurred recent losses and is in need of additional working capital, which the existing owners are unable to provide.
  • Further information will be made available on return of a signed Non Disclosure Agreement.
  • The deadline for indicative offers is 10 April 2018.

If you wish to learn more about this opportunity and receive access to further financial information under a Non Disclosure Agreement, please contact Project Frame’s appointed agent:

SIMON BAMFORD 
t: +44(0)117 9595 515
e: sbamford@gordonbrothers.com