Milfab

Overview

MilFab Ltd is a well-regarded structural steel and mobile welding business, established in 2021 and known for its commitment to quality, innovation, and customer satisfaction. In a short space of time the company has built a strong reputation in its sector by combining deep technical expertise with modern equipment and methods.

The business serves both corporate and individual clients, offering a comprehensive range of services from initial design through to final build. Its core capabilities span mobile welding, design, structural services, and repairs, with each project handled to a high professional standard.

Operating from a well-equipped unit in Northamptonshire, MilFab holds significant industry accreditation and enjoys reliable repeat business driven by its reputation, requiring only limited marketing expenditure.

Business Highlights

- Established structural steel fabrication and mobile welding business, founded in 2021.
- Turnover of approximately £380,000 in the most recent reported year (YE23).
- Holds UKCA CE Accreditation to Execution Class 3, reflecting stringent quality standards.
- Strong reputation generating reliable repeat business with limited marketing spend.
- All equipment included, valued at circa £20,000, enabling an incoming operator to trade from day one.
- Well-equipped 2,200 sq ft leasehold unit with ample storage and parking.
- Managed full-time by the vendor, supported by two fully trained employees.
- Established website and online presence across multiple directories.

The Business

MilFab Ltd operates in the structural steel and mobile welding sector, serving both corporate and individual clients. Its core service areas are mobile welding, design, structural services, and repairs, with projects managed professionally from concept to completion.

The company holds UKCA CE Accreditation to Execution Class 3, reflecting its adherence to demanding quality standards and its commitment to superior workmanship. This accreditation, together with the company's technical expertise and use of current technologies, provides a defensible position in a sector where certification and reputation are key.

Key strengths include deep industry expertise, a focus on innovation, top-tier quality assurance through certification, and a customer-focused approach that builds long-term relationships. The business is supported by an established website and a presence across Google and a range of industry directories.

Location

The business operates from Burton Latimer, Northamptonshire, on a busy industrial estate. The location offers strong accessibility within the region and a setting well suited to a structural steel and mobile welding operation serving both corporate and individual clients.

Premises & Tenure

The business trades from a single-storey unit on a busy industrial estate, extending to 2,200 sq ft. The premises provides ample storage and parking, with capacity to support further growth. The premises is held on a leasehold basis.

Financial Overview

The business has an established trading record, with the two most recent reported years as follows:

- Turnover: £379,512 (YE23) and £519,121 (YE22)
- Gross Profit: £193,882 (YE23) and £240,879 (YE22)
- Net Profit: a loss of £6,908 (YE23) and a profit of £53,073 (YE22)
- Adjusted EBITDA: £12,493 (YE23) and £79,429 (YE22)

The equipment held at the premises has a value of circa £20,000 and is included in the sale, allowing an incoming operator to continue trading without further investment. Stock is available at valuation.

Growth Potential

There are several identified opportunities for an incoming operator to grow the business:

- Paid advertising: existing online channels including Google Ads, social media ads, and display advertising could be expanded and more precisely targeted to drive higher turnover.
- Social media presence: scope to grow the business's following, promote the locations from which services are offered, and increase brand awareness more broadly.
- Website quote system: introducing an online quotation facility to convert more enquiries.
- Ecommerce platform: targeting additional business through an online ordering platform.

Reason for Sale

The business is offered for sale by the vendor, who currently manages it on a full-time basis.

Next Steps

MilFab Ltd represents an established and accredited structural steel fabrication and mobile welding business with a strong reputation, reliable repeat trade, and a fully equipped unit ready for an incoming operator to continue trading from day one. With all equipment included and clear opportunities to grow through marketing and online sales channels, this is an attractive opportunity for a buyer with relevant sector experience or an existing operator seeking to expand. Interested parties are encouraged to contact Goodwins Business Brokers to arrange further discussion and, where appropriate, a viewing. Full details are available in the Information Memorandum.