Featured Brokers
CONFIDENTIAL SALE
FOR SALE
20/02/24
607044
155603 / Rightbiz
Project Foxhaven delivers a comprehensive LEV solution, ensuring clients’ systems are operating in adherence to the HSE and COSHH regulations.
The company’s activities comprise end-to-end projects, using trusted methodologies to implement cost savings; TExT of existing systems; PPM and parts installation; and delivery of a training course.
The business is accredited by SafeContractor, and its engineering personnel hold BOHS-approved qualifications.
Our clients are offering the business for sale to facilitate retirement plans.
Key Highlights
- The sector-agnostic requirement for functional and compliant LEV systems enables the business to operate across sectors such as engineering, manufacturing, marine, aerospace and pharmaceuticals.
- Several top clients are blue-chip organisations with multiple premises, presenting vast scope to capitalise on new opportunities.
- Two existing employees are suitable candidates to fulfil the shareholders’ responsibilities.
- Operates from freehold premises, which will be included in the sale.
- Ideally positioned to become the go-to service provider for a prominent aerospace brand.
Financial Highlights
- Generated YE23 turnover of £2.4m, with an adjusted EBITDA of £620k. The company is on track to achieve similar EBITDA in YE24.
- Projected to achieve turnover of £2.6m and adjusted EBITDA of £600k in YE25.
- Generates the entirety of its income through contractual agreements and benefits from high amounts of recurring revenue.
- 70% of clients appoint the company for ongoing PPM and testing activities.
- Current work-in-progress of £450k, with a further £2.4m in active quotes.
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
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