Featured Brokers
CONFIDENTIAL SALE
FOR SALE
13/02/24
606655
155529 / Rightbiz
The company supplies high-performance blended oil products, chemicals, and fuels to a wide range of sectors nationally. Products include synthetic or semi-synthetic engine oils, transmission fluids, gear oils, hydraulic oil, suspension and brake fluids, antifreeze, cutting fluids, and an extensive range of greases.
Priding itself on its wealth of in-house expertise and knowledge, the company works in partnership with all major lubricant manufacturers to ensure that its products meet all of the latest specifications.
The company is now being offered for sale to facilitate retirement plans.
Key Highlights
- Serves a wide-ranging and diverse customer base, many of which provide repeat business, across the automotive, industrial plant, agricultural, renewable energy, waste management, and special products sectors.
- Has developed long-term relationships with a number of blue-chip and prestigious organisations.
- Introducing oil derived waste product collection or offering specialised oil derived products could continue to facilitate growth.
- Currently in the process of establishing an e-commerce platform and introducing social media marketing to grow its brand image.
- Presently establishing a new sales team in the Midlands to concentrate solely on procuring new business across the UK; this will be operational in FY25.
- Strong second-tier management team in place that can undertake many daily operations independently to the Shareholders.
- Operates from premises situated strategically around the UK to provide access to a wider customer base.
Financial Highlights
- Turnover in excess of £15.5m in FY23 with an adjusted EBITDA of £2.2m in the same year.
- On track to achieve FY24 turnover of £11.8m and adjusted EBITDA 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
Get Solicitor
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