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1960s Yorkshire-Based Precision Engineering Company for Sale, Owners Retiring

Undisclosed

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    01/03/24

  • Advert ID

    607649

  • Reference

    B07816 / Rightbiz

  • Call Agent:

    Registered members »

  • Turnover: Not Applicable
  • Net Profit: Not Applicable

Business Details

Special purpose Precision Engineers

Business
Please quote reference B07816

Established in the 1960s and operating from its own premises in Yorkshire, the company specialises in the design and manufacture of special-purpose machines, jigs, fixtures, gauges and precision tooling assemblies.  

The company offers a range of services, including production of one-off components, repeat batch production of parts, breakdown repair, machine overhaul, reverse engineering, design & manufacture, special-purpose tooling, jigs and fixtures, and bespoke machinery projects.   

Over the course of its 60+ year history, the company has built up a large and diversified client base, spanning multiple industries and featuring household names. In 2023, the company had 92 active clients, spanning the packaged foods, life-testing equipment, construction, engineering, automotive, and energy sectors.  

The company offers a unique value proposition, including:  

  • A complete end-to-end service: design, manufacturing, site service, efficiency improvements, and reverse engineering; 
  • An established and prestigious client base with 80% repeat business; 
  • A large back catalogue of designs;  
  • An extensive plant list; 
  • Longevity in the market and strong reputation for quality of service, with most business coming from word-of-mouth referrals;  
  • A strong financial profile with sales of over £1.3 million in 2023;  
  • Scope for growth, e.g. with formal marketing efforts and by recruiting more staff.  
Highlights 

  • Precision engineering specialists, providing a full-spectrum service covering design, manufacture and servicing;  
  • A large back catalogue of designs; 
  • Diversified client base spanning multiple industries; 
  • Longevity in the market; 
  • Own premises with extensive plant list;  
  • A healthy financial profile. 
Opportunities 

  • Scope to exploit new emerging client opportunities, e.g. in life-testing equipment;  
  • Scope to expand workforce to boost capacity and reduce reliance on shareholders; 
  • Scope to expand into new services, e.g. conveyor systems.  
Reason For Sale 

Shareholders are nearing retirement and are seeking a greater work-life balance. They are willing to help with the business’ transition into new hands.  

 

 



Location
Based in Yorkshire



Premises
Further information can be made available upon request.



Tenure
Freehold



Hours
Business trades all year round



Staff
Further information can be made available upon request.



Financial Profile
The company has undergone consistent growth over the past three years, from a turnover of £741,341 in 2021, to a turnover of £968,872 in 2022.

From January – December 2023, the company generated sales of £1,338,287. 

 

The company presents a compelling acquisition opportunity for buyers seeking a well-established, versatile company with strong client relationships and growth potential. 

100% share sale.

Prospective purchasers will be required to sign an NDA.  

 



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Stay Safe

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.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

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.

Stay Safe

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.

Stay Safe

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.

Stay Safe

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.

Stay Safe

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.'.

Stay Safe

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.

Stay Safe

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.

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The data showed regarding this advert 'Special purpose Precision Engineers - B07816 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.