Business To Buy
UK Manufacturing Group Precision Pressings, Engineering & Assembly ISO9001/ TS 19649 Accredited |
| Midlands/North West, ---Europe |
UK Manufacturing Group Precision Pressings, Engineering & Assembly ISO9001/ TS 19649 Accredited
Ref. IX019
Location : Midlands/North West
Asking Price : Ł1,800,000
This very well-known and highly respected precision pressings and engineering group comprises of two stand-alone businesses that have both been trading independently for 40-50 years. More recently they have been placed under the umbrella of the current holding company (purely for administrative purposes) and have continued to trade very successfully since then, generating impressive profits at the same time further cementing their sterling reputations in the markets they serve. The sale is for both the Limited companies within the group.
The companies are both highly skilled, multi-faceted operations. The core business is “High Tolerance” precision pressings and assembly to customers mainly within the UK. The companies have superb internal capabilities and quality management systems in place (ISO9001 and TS 19649) that enables them to serve a very desirable list of blue chip customers in a variety of industries including:
• Automotive
• Electronics
• Aerospace
• Technology
• Defence
• Hygiene
• Facilities Management
• Construction The companies’ internal range of services includes:-Design, Prototyping, Tool Making, Progression Presswork using CNC presses (250T) and manual presses (200T), as well as full multi-part in-house assembly (welding, riveting, threading, tapping etc.). The business also has access to additional finishing services through highly effective sub contract management.
The business has been developed over time with continuous re-investment in the companies, its quality systems, manufacturing equipment and its processes. The group can boast a substantial level of modern plant and machinery, including leading laser and press CNC machines complimented by long serving and highly experienced staff that enables it to provide a high quality precision solution time and time again.
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Financials |
| Price: $2,372,541 |
| Gross Income: $5,404,122 |
| Cash Flow: $0 |
| FFE: $0 |
| Inventory: $0 |
| Real Estate Value: $0 |
About the Business |
| Office Reference ID: #IX019 |
| Year Established: 1966 |
| Financing: |
| Training: The current owners would be happy to provide full training and support at handover to ensure a seamless transition of ownership. This should be relatively simple process as neither are invloved in the |
| Facilities: The Midlands based operation operates from leasehold premises that are ideally located on a well-known industrial estate, having good access to the road networks. There is ample parking. The premises are circa 18,000 square feet with secure yard that is circa 40,000 square feet and has additional storage containers etc. The current lease is a 10 year lease, with 5 years remaining.
The North West facility is circa 24,000 square feet. This site is freehold, We are advised the freehold value is circa Ł650,000. (outstanding mortgage is circa Ł350,000) Please note current asking price INCLUDES the freehold. |
| Competition: The business could benefit from a more strategic medium/long term sales and marketing campaign. Each company has its own basic yet informative website however there have been no active forms of marketing to date. The company has tended to rely on word of mouth recommendations, referrals and repeat business to generate revenues. |
| Growth: The business has consistently posted impressive profitability over the years from a loyal and growing customer base. It has enjoyed impressive growth over recent years due to the implementation of new working practices and quality systems. There is spare capacity within the current infrastructure to accommodate significant growth, should a new owner look to push the business forward.
There is no reason why a new owner could not significantly grow the business by being more proactive with developing the current customer base (many clients are large multi-site operations whom no doubt have additional needs), as well as targeting new customers outside the region/UK as the markets it serves are large and strong. The business has the ability to enter new markets as it already has a sterling reputation in place, not to mention the approvals and quality systems. |
|
| Business Listed By |
| Name: Andrew Hudson |
| Company: Turner Butler |
| Phone: 01895 25 6000 |
|
| The information in this listing has been provided by the business seller
or representative stated above. BusinessToBuy.Net has no stake in the sale of this business, has not verified the accuracy, completeness, and assumes no responsibility for this advertisement. Read our Terms and Conditions for more information. |
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