Featured Brokers
CONFIDENTIAL SALE
FOR SALE
18/03/24
608365
155562 / Rightbiz
The company is a trader and stockholder operating in the metals and minerals industry, offering a comprehensive import and export service for dense media powders, non-ferrous scrap, tantalum, and other minerals.
Materials are handled by a UK-based warehouse and toll processing facilities whilst in its possession before being distributed to clients around the world, with a specialism in handling dense media powders facilitating its operation within the recycling industry.
Operating across the green waste recovery and recycling industry, the company caters to 12 clients located across Europe, Asia and North America.
The company is being offered for sale to facilitate the shareholders’ retirement.
Offers invited.
Key Highlights
- Benefits from regular repeat business from all clients, with some relationships contracted and others spanning over 20 years.
- Holds patent number EP311512 for steel alloys and UK and EU REACH registrations for iron, silicon, chrome and ferrosilicon, which are essential for businesses trading in metals and minerals in Europe.
- Holds UK waste carriers’ and UK scrap metal dealers’ licences, along with British Metal Recycling Association membership
- Holds ISO 14001 and 9001 registrations.
- A fully relocatable opportunity.
Financial Highlights
- YE23 turnover of £3.2m, with an adjusted EBITDA of £199k.
- YE22 turnover of £1.4m, with an adjusted EBITDA of 174k.
- The spike in turnover in YE23 is due to the development of copper-based materials.
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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