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BUSINESS REFERENCE : IT075 / RightBiz IT075-NORTHERN IRELAND- £ 1,250,000-PRECISION ENGINEERS SPECIALISTS IN PRECISION MACHINED COMPONENTS | | | | | | Precision Engineers Specialists in precision machined components Ref.IT075 Location Northern Ireland Asking Price £ 1,250,000 | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Manufacturing | | TRADE TYPE: | Other | | SALE: | Agent Sale | FREEHOLD: | £1250000 | | | | | | | | | | | BUSINESS DETAILS: | Business profile:
This business is an Engineering Company manufacturing high quality precision engineered turned and milled components, from one off to large batch quantities of between 1 to 50,000 off’s, all machined to specified drawings received from customers. Skilled fitting and assembly work is also provided for customers.
The business takes pride in the standard of products that are produced for the many customers who include large national and international companies in the Computer, Chemical, Petrochemical, Pharmaceutical, Tobacco, and Brewing Industry, as well as many other smaller companies.
The company specialsies in sub-contrating high quality, high tolerance precision enginneered components. A lot of the work that is undertaken is specialised so the business has the highest specification machinery to fulfill customer requirements. All machinery combines the strength of traditional engineering with the flexibility of modern C.N.C. technology. The skilled team handle different jobs and have the ability to turn jobs round quickly, bringing solutions to customers problems.
The business has experienced structured growth since inception in 1989 and has continued to grow over the years because of its conviction that the customer comes first. With an excellent reputation the business prides itself on providing a level of service not usually associated with sub-contract engineering.
Equipment:
The business has a wide selection of machines to cover all aspects of producing precision machined parts including CNC turning and milling machines as well as bending machines and pressers etc.
2 Mazak Quick Turn C.N.C. Lathes
2 Beaver ATC C.N.C. Milling Machines
3 Matchmaker C.N.C. Milling Machines
2 Universal Mills
3 Horizontal Mills
2 Vertical Mills
1 Colchester Mascot Centre Lathe
10 Capstan 2/3 DS/AB Lathes
1 Herbert 5 Capstan Lathe
1 Herbert 7 Capstan Lathe
1 Herbert 10 Capstan Lathe
Press and Bending Equipment
Grinding Facilities
2 Cut Off Saws
1 Linisher
Quality Assurance:
The company operates a professional work atmosphere and employs "best practice" concepts in its operation having achieved ISO-9002. The ISO 9002 is one of the most widely known standards ever, and has become an international reference for quality management requirements in business-to-business dealings.
Customers:
The business has an established increasing customer base comprising a variety of customers from numerous industries.
Customer Service:
The business has excellent levels of customer service that go above and beyond the norm, with on time delivery made possible by comprehensive capacity planning. The business understands that requirements can change on a daily basis and responds accordingly.
The business has established a close working relationship with all of the customers and has recognised the need for a high level of service, which most importantly includes customer satisfaction, focusing on continuous commitment to an improvement of quality, meeting tight deadlines and delivering quality products with a personal service, at very competitive prices.
Key Strengths:
The competitive approach and policy of continuing investment in CNC equipment ensures that the company produce a wide range of products of high quality, and demonstrates the determination and commitment of the company to maintaining the excellent reputation it has earned over the years.
The business is centrally located on an industrial estate and has developed a reputation for high quality and efficiency. This is reflected in the calibre of the clientele and the fact that the business has never had to look for work, with customers returning time and again because of the exceptional service they receive. This Company has a wealth of knowledge and skill, the established workforce gives customers the added security of dealing with a reliable and experienced team with a reputation for producing high quality products on the due date.
Growth and Expansion:
There is an opportunity to develop further business on the company reputation, also by increasing the work force and advertising. Continuing to work with existing customers and investment in these areas could offer the potential of tripling the business.
The market outlook is very good and the company offers a new owner plenty of excellent growth potential and a strong market base, making it a business that is on the right track to the next level of business.
With established account customers, this successful business enjoys a sterling reputation for quality, excellent service and value, not to mention a high demand for its wide range of precision engineering.
Premises:
The Freehold premises are very well-equipped due to constant investment by the present owner. The steel portal frame building is circa 3,000 sq ft. with roller doors and plenty of extra space to expand if required.
Fully alarmed the ground floor comprises of a production area, managers office, general office, kitchen and toilets. Upstairs the loft area is currently utilised as an inspection and packaging area and also provides useful storage.
The area is excellently serviced with a very advanced communications and distribution network, which includes well maintained road networks and the local airport.
The Freehold property valuation is circa £500,000, and is included in the asking price of the business.
Business Hours:
Monday – Thursday: 8:15 am - 4:45 pm
Friday: 8:15 am - 1pm
Advertising and Marketing:
The Company is recognised for its expertise. Constantly busy at its present level it has relied solely on word of mouth from one satisfied customer to another and has found no need for advertising.
The directors recognise that investment in a company website would be a great opportunity for increasing growth.
Financial profile:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
Employees:
The company employs a skilled and dedicated workforce which is trained in the inspection of machined components. The workforce has built up a good reputation with all the customers and comprise of
10 full time (turners, millers and conventional fitters)
4 have been with the company for circa 15 years
1 part time office manager
Support and Training
The owner is happy to provide support and training to ensure a smooth transition of ownership.
Reason for Sale:
The vendor is looking forward to retirement in order that he and his wife can take life more easily. | | | | | | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | IT075 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
