Featured Brokers
CONFIDENTIAL SALE
FOR SALE
12/02/24
606619
155298 / Rightbiz
The company installs and maintains solar PV systems for commercial and residential properties, boasting an excellent reputation across the public sector.
The company benefits from an extensive background in electrical installation work, which provides an advantage over competitors entering the sector from a roofing background, enabling it to specialise in large-scale rooftop systems that involve complex electrical infrastructure work.
The company also provides installation and maintenance services for other electrical systems, including battery storage, low-energy lighting and EV charging points.
Offered for sale due to a change in the shareholders’ personal circumstances.
Key Highlights
- Caters to clients, including housing associations, local councils, property developers and private home / business owners.
- Benefits from high volumes of repeat business from blue-chip clients, with relationships spanning up to eight years.
- Experienced second-tier management team in place.
- Operates from freehold premises.
- Strong market conditions with demand for services typically increasing in line with Government investment and developments in home battery storage expected to accelerate further growth within this sector.
- Growing market with significant scope for development in their existing field as well as other specialist service lines.
Financial Highlights
- FY23 Turnover of £4.4m and adjusted EBITDA of £667k.
- Projected turnover of £4m for YE24, with an adjusted EBITDA of £627k.
- 40% of annual turnover with the public sector, with the balance split broadly between the commercial/industrial and new build housing.
- Extensive pipeline of future work, with a number of contracts in place until 2026, some of which could generate over £1m in revenue.
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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