Featured Brokers
CONFIDENTIAL SALE
FOR SALE
20/02/24
607048
155620 / Rightbiz
Project Elinore undertakes passive fire protection services, ensure that clients’ premises are in accordance with safety regulations, protecting the integrity of each building and its occupants in the event of a fire.
The services comprise the installation of penetration sealings, fire-rated partitions, fire barriers and doors, and fire-rated electrical and services enclosures.
An innovative, in-house-developed portal streamlines reporting and boosts overall project efficiency, enabling users to access job information on mobile devices. The platform features third-party integration, and is fully scalable to accommodate ongoing company growth.
The company is accredited by various industry bodies, including the International Fire Consultants (IFC), Constructionline and CHAS.
Our client is offering the company for sale to facilitate lifestyle changes and further business growth under the impetus of new ownership. They may consider being retained in a consultancy position, post-completion.
Key Highlights
- Has retained strong relationships with key suppliers, benefitting from competitive pricing and ensuring that every passive fire solution is technically compatible with clients’ properties.
- Works with housing associations, local authorities and other construction firms in South East England. Core clients represent vast expansion opportunities for the company, owing to development programmes and nationwide coverage.
- Operates with a wealth of technical expertise, with the management team possessing qualifications such as IFC supervision and SMSTS.
- Candidate in place who can absorb the director’s responsibilities,
post-completion.
- Highly skilled operatives possess CSCS cards, and some technicians have attained relevant NVQs.
- Operates from office and storage premises retained on a no-charge basis.
Financial Highlights
- Generated a YE23 turnover of £2.3m, with an adjusted EBITDA of £865k.
- Projected to achieve a turnover of £4.3m by YE26, with the adjusted EBITDA increasing to £1.6m.
- A contract is in place until 2026, safeguarding up to 95% of the business’s revenue.
- Current agreements may be enhanced by the implementation of further resources. It is estimated that investing in additional personnel, equipment and materials would allow the business to generate an extra £1m per annum from its core clients, achieving a profit margin of 28%.
- Has submitted tenders for three other opportunities, which, if successful, would comprise the installation of fire protection systems and remedial works.
- Set to win a £500k agreement with an electrical and fire compliance provider.
- Asset register worth £217k will be included in the sale, comprising vans, cars, stock and office equipment. `
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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