Featured Brokers
CONFIDENTIAL SALE
FOR SALE
27/09/22
500919
152950 / Rightbiz
The company utilises state-of-the-art equipment to provide dependable subcontracted machining and assembly services, specialising in the delivery of complex 3D machining solutions and producing small-, medium, and large-volume orders for use within a diverse range of applications.
Utilising a highly experienced team, the company works in partnership with clients throughout all stages of production, providing support for the design and development of components, through to manufacturing, testing and assembly, with the business being renowned amongst clients as an invaluable supplier with industry-leading insight.
Having built up a strong and respected business, the shareholders are now offering the company for sale as part of their retirement plans.
Key Highlights
- The company is focused on the delivery of high-quality precision machining and assembly solutions, producing a wide range of unique components for its clients’ varying requirements.
- Benefits from a diverse client base, predominantly working with large organisations in the electric vehicle, medical, fastener, aerospace, pneumatics and automotive sectors.
- Maintains strong, long-standing relationships with blue-chip clients, some of which span over nine years, with all of its active clients providing reliable, repeat custom on a regular basis.
- Loyal and highly experienced team in place, which possesses extensive knowledge of the sector and has demonstrated the skills required to manage day-to-day operations with minimal oversight.
- Operates from fully fitted leasehold premises based in South West England, which feature extensive CAD, milling, turning and assembly facilities.
Financial Highlights
- Achieved turnover of £3.2 million in YE23, with an adjusted EBITDA of £849k.
- Approximately 80% of turnover is reliably supplied through recurring orders, blanket orders and long-term contracts.
- Possesses a wealth of assets, including state-of-the-art plant, machinery and equipment collectively costing in excess of £3.1 million.
- Having recently been awarded a number of high-value projects, turnover and profitability are projected to rise considerably over the coming years.
- Maintains strong gross profit margins, averaging 35% across the last three years.
- Future revenue is secure, with the company having built up a prominent presence within a diverse range of sectors, with no reliance on any key clients.
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Get Solicitor
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