Featured Brokers
CONFIDENTIAL SALE
FOR SALE
16/11/23
602730
155036 / Rightbiz
Based in Yorkshire
The company provides recruitment, engineering consultancy and electrical, controls and instrumentation installation services to the heavy industrial industry, catering to clients across the oil, gas, petrochemical, waste-to-energy and manufacturing sectors.
More than half of the company’s revenue is generated from the provision of experienced personnel for a variety of projects across the UK, including both general labour and specialised engineering and project management staff and contractors for its clients
The company also provides a turnkey offering covering the design, installation and maintenance of process unit operations, with extensive experience in the sector.
The Shareholders are offering the company for sale as part of their retirement plans.
Offers invited.
Key Highlights
- Has earned a number of industry-recognised accreditations, including one which is only offered on an invite-only basis that enables its work with a blue-chip petrochemical company.
- Consultancy service covers several professional disciplines within the engineering sector, including health, safety and environmental matters, regulatory compliance, HR and cost planning.
- Supports six active clients, all of whom provide regular repeat business, with its longest relationship spanning six years.
- Experienced workforce in place, including a member of staff able to manage operations on a day-to-day basis.
- Operates from leasehold premises.
Financial Highlights
- Turnover of £2.8m, with an adjusted EBITDA of £359k.
- YE24 outturn of £2.4m based on seven month figures.
- Benefits from contracted revenue from three of its largest clients. These generate £3.3m per annum.
- Scope to derive additional revenue from various upcoming projects with new and existing 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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