CONFIDENTIAL SALE
FOR SALE
27/09/23
600328
154919 / Rightbiz
The company is a specialist provider of lifting and safety equipment for hire and sale. The company also offers onsite LOLER equipment inspections, repair, and maintenance services for customers’ own lifting equipment and benefits from an 80t capacity horizontal test bed at its own site.
Priding itself on its exceptional service provision and high-quality products, the company is a member of the LEEA, CPA, and SafeContractor.
The business is now being offered for sale to facilitate growth under the impetus of new ownership.
Offers invited.
Key Highlights
- Serves a wide-ranging and diverse customer base across the steel, food manufacturing, HS2 infrastructure, telecoms, infrastructure, geotechnical, oil and gas, and recycling sectors.
- Over 200 active customers, many of which are blue-chip organisations that provide ongoing, repeat business.
- Experiences a low staff turnover rate, ensuring high levels of in-house knowledge and expertise.
- Operates from leasehold premises.
- Ideal bolt-on acquisition for an existing synergistic organisation within the plant and tool hire sector.
Financial Highlights
- Turnover of £2m in YE22 with an adjusted EBITDA of £500k.
- Shareholder funds in excess of £1.1m.
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
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