SCAFFOLD TOWER HIRE & ERECTION CONTRACTOR IN HAMPSHIRE

ALUMINIUM SCAFFOLD TOWER HIRE & ERECTION

SECURE STORAGE YARD IN STH. HAMPSHIRE

ALL OPERATIVES PASMA & CHAS REGISTERED

12 MONTHS’ SALES TO 31/12/23 £535,905

GROSS PROFITS c.£524,662 (98%)

ADJUSTED NET PROFITS c.£246,226

FAMILY-OWNED SINCE 1977

RETIREMENT SALE

LOCATION:

The business operates from a secure, open yard in a South Hampshire village close to the M3.

BUSINESS:

This family-owned business has been solving access problems for its industrial, commercial and domestic clients since 1977. The company hires and erects aluminium scaffold towers, bridging units, cantilever and facade scaffolding plus staircases. All scaffold towers are supplied and erected to HD 1004 1992 and BS EN 1298, BS11 Part 3 1994 by experienced, highly-trained and competent staff all of whom hold PASMA cards and are CHAS registered.

The customer base includes roofing companies who account for approximately 25% of turnover, Housing Associations (35%) with the remaining 40% of turnover shared equally among window installers, painting contractors and D-I-Y retail customers.

BUSINESS PREMISES:

(all sizes are approximate & should be considered 'nominal'.)

All scaffold stock is stored within a secure, open yard in a South Hampshire village. Sales and Admin functions are home-based.

TENURE:                          

The yard storage area is secured on a renewable 5-year lease which commenced in 2020 at a current annual rent of £19,200. The next review is due in 2025.

RATES:

The rateable value of the business premises is £ZERO with £ZERO Rates payable in 2023/24.

NOTE: This information has been obtained either from the current rate demand for the property, by telephone from the local authority or by reference to the VOA website. The amount payable is the standard rate for the Rateable Value shown. In some circumstances this may vary, and therefore it is recommended that potential buyers make their own enquiries through the local authority to check the applicable rateable value and whether the rates payable will be the figure quoted above.

TRADE:

Accounts for the year ended 31 December 2023 inspected by Adams & Co show increased sales revenues of £535,905 were reported to HMRC. Gross profits were higher at £524,662 with adjusted net profits showing a healthy increase to £246,226. Accounts for the year ended 31 December 2022 show annual turnover of £394,734 with gross profits of £390,009 (99%) and adjusted net profits of £181,912. Please note that all figures exclude VAT.

STAFF:

The Vendor manages the business full time supported by his wife who looks after Admin and Accounts. The company employs 7 full time operatives.

HOURS: 

Monday to Friday 07:30 to 1600

ASSETS:            

Scaffold Stock

The vendor informs us that the value of the scaffold stock and accessories is £142,000.

Ø  A range of scaffold towers

both mobile and fixed from

2m to 10m height                      £110,000

Ø  Spandeck Walkways         £  20,000

Ø  Fixings                                     £     5,000

Ø  Fencing & Chapter 8 Kit  £     2,000

Ø  Misc. Scaffold products   £    5,000

Vehicles:

The sale includes four Isuzu Grafters registered between 2018 and 2024 with an estimated value of £85,000 and a VW Transporter LC210 with 155,000 miles worth £7,500.

Registration            Value £           Mileage

HF24                            27,000            Brand new

HF70                            20,000           36,000

HF69                            21,000            35,000

HF18                             17,000            66,000

Note: Where items of equipment are mentioned, no warranty is given or implied as to their operational condition.

LEGAL FEES:

Vendors and Buyers each to meet their own legal costs, but if a lease is to be assigned from the vendor to the buyer they will also be expected to share the landlord’s legal costs on a 50/50 basis. If a buyer wishes to negotiate a ‘new’ lease, they will be responsible for all the landlord’s legal costs.

COMMENTS:

The owners’ decision to retire has created an exciting opportunity for an existing scaffold hire company to add a significant product offering to existing services or for a new operator to build on the solid foundations laid down over the past 46 years.

Financial information will be made available to seriously interested purchasers after they have formally viewed the business.

VIEWING

If you wish to discuss this business opportunity in greater detail, or arrange an appointment, please call Nick on (023) 8025 3910

PLEASE DO NOT MAKE CONTACT DIRECTLY WITH THE BUSINESS