CONFIDENTIAL SALE
FOR SALE
07/02/24
606406
155229 / Rightbiz
The company provides a comprehensive range of CTV services, including drone inspections, crew transfers, blade repairs, and ROV works with an emphasis on Quality, Health and Safety, and Environmental (QHSE) protection.
Utilising a team of in-house experienced staff, it offers marine civils, time charters, project contracts, and short-term voyage charter solutions.
The company is based in the UK but able to operated in the EU under cabotage regulations with the option to re-flag to some EU locations.
The acquisition would be an ideal opportunity to enter the CTV market in the UK and Europe, with substantial scope for expansion.
The company is offered for sale to facilitate retirement plans.
Prominence in a niche sector with strong standing in the UK and European markets, presenting significant scope for further expansion into Asia and America.
Ability to operate in the EU under cabotage regulations, and a Home Office licence to obtain Skilled Worker visas for non-UK nationals, enabling staff to work in both the UK and EU.
ISO 9001, 45001, and 14001 accredited.
Team of qualified and experienced in-house staff who can continue with the daily operations of the business, following the completion of the sale.
Operates from leasehold premises situated in a prime location, with proximity to the coastline and vessel storage space.
Turnover of circa £4.1m in YE23.
Adjusted EBITDA of circa £600k achieved in the same year.
Year-on-year growth with an average of circa 30% gross profit margin.
High rate of client retention with pipeline of high value work expected in 2023.
Strong market stability unaffected by economic downturns such as Covid.
Maintains strong gross profit, averaging in excess of £1m across the last three years.
Offers invited.
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 SolicitorThe data showed regarding this advert 'Crew transfer vessels providers for offshore work sites - 155229 / 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.