Featured Brokers
CONFIDENTIAL SALE
FOR SALE
31/01/24
606051
154511 / Rightbiz
Overview
The company specialises in precision turned parts, manufactured from a wide range of exotic materials, such as stainless steel 316L, Super Duplex, Inconel 625, Monel 400, and Titanium grades 1 and 2.
As well as working with a wide range of exotic materials, the company manufactures varying types of flexible hose couplings, socket weld, butt-weld adaptors and butt-weld elbows and tees.
The business benefits from its own range of high-pressure components, and can work with customers on bespoke designs, using state-of-the-art machinery and computer programs for rapid design and product delivery.
The business is now being offered for sale to facilitate retirement plans.
Offers invited.
Key Highlights
- Long-standing key customer relationships, particularly within the oil and gas industry.
- 12 active customers, all of whom provide reliable and recurring streams of revenue.
- Enquiry to Order conversion rate, 2018 – 2023 average >60%.
- A trusted partner to their loyal customer base; partnerships achieved through years of rapid RFQ turnaround, the provision of high-quality products, full material traceability along with certification, delivered on time with consistently high margins.
ISO:9001 accredited.
- Serves customers across the UK, Norway, Brazil, and the USA.
Operates from large workshop and office premises (circa, 11,500sq/ft), which are owned by the shareholders and leased to the company, with scope to extend the facilities.
- Experienced and dedicated Senior Management Team, along with Technicians, CNC Programmers, Setters and Operatives in place.
Key Opportunities
- Significant opportunity to develop in oil and gas market.
- Growth into new and adjacent markets.
- Develop capabilities and partnerships to offer turnkey solutions.
- Development of sales and marketing capabilities to develop brand awareness.
Financial Highlights
- YE23 draft accounts show a turnover of £1.2m with YE24 projections indicating a turnover in excess of £1.2m.
- Premises with a market value of £800k can be included in the sale of the business, subject to negotiations.
- Currently working with an onboarded customer to secure a three-year framework agreement, which is set to contribute 15% of the business’s overall turnover.
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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