Provider of drainage solutions, specialising in highways drainage infrastructure

The company is a rapidly growing and highly respected provider of comprehensive drainage solutions, benefitting from a wealth of expertise in the highways drainage infrastructure market.

Utilising a highly qualified, directly employed workforce, the company is able to manage projects of all sizes, offering full 24/7 coverage and priding itself on providing efficient, effective solutions.

The company has invested extensively in the development of its facilities and workforce, which, combined with its enduring commitment to quality, has enabled it to secure a number of lucrative, long-term contracts with prestigious clients.

Our clients are now offering the company for sale as part of the shareholders’ retirement plans.

Key Highlights

- The company is a highways drainage specialist operating nationwide, offering a broad range of drainage solutions, including gully cleansing, drain lining, unblocking, repairs and replacements, as well as complementary services, such as civil engineering, drain surveying and traffic management.

- Predominantly works on sites based across London, the Home Counties and southern England, with clients including local authorities, national construction companies and highways agencies.

- Benefits from a loyal, long-standing client base, with some relationships spanning over 20 years. Key clients retain the company’s services on long-term contracts, most of which have multiple years to run.

- Highly experienced management team in place, possessing the skills and drive required to manage and grow the business independently, post-sale.

- Operates from several strategically located leasehold premises based in South England, which are ideally positioned to provide rapid support across the region.

Financial Highlights

- Achieved turnover of £12.25 million in YE23, with an adjusted EBITDA in excess of £1.3 million.

- Projected turnover of circa £16 million in YE24, with adjusted EBITDA also expected to be in excess of £2.5 million.

- Following its diversification into a new market in YE19, the company has experienced significant year-on-year growth, with turnover and adjusted EBITDA increasing by 229% and 8,433%, respectively, between YE19 and YE23.

- Many of the company’s clients retain its services on long-term contracts, ensuring that future revenue is secure. These contracts typically account for 84% of annual revenue.

- Maintains consistently strong gross profit and adjusted EBITDA margins, averaging 21% and 14%, respectively, across the last three years.

- The company has acquired a comprehensive range of assets, which includes plant, machinery, vehicles and equipment collectively costing £5.56 million.