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CONFIDENTIAL SALE
FOR SALE
09/04/24
609490
155754 / Rightbiz
Project Meyrick utilises a flexible workforce to undertake refurbishment and extension projects on a wide array of premises, including education establishments, hotels, NHS buildings and residential properties.
The company offers an all-encompassing solution for each project, from estimating to handover. Services include mechanical and electrical works; internal and external decoration; groundworks and landscaping; and the installation of flooring, structural elements, facilities, and premises-specific furniture.
The business can scale its activities to suit evolving requirements, effectively completing small works through to £2m schemes.
Our client is offering the company for sale to facilitate lifestyle changes. Offers invited.
Key Highlights
- Accredited by CHAS Advanced, Constructionline Gold, and SafeContractor. Also operates to ISO 9001, 18001 and 45001 certification standards.
- Works with schools, universities, Government departments, local authorities, property developers and other organisations, primarily in the Midlands.
- Generates 10% of its income from nationwide projects, presenting vast potential for geographical expansion through existing clients.
- A manager has demonstrated the necessary skills and expertise required to absorb the director’s responsibilities, post-sale, subject to further management support.
- Operates from leasehold office and storage premises. The centralised location facilitates easy access to clients’ sites throughout the Midlands and the wider UK.
Financial Highlights
- Generated a YE23 turnover of £6m, with an adjusted EBITDA of £843k.
- Projected to achieve a turnover of £8.3m by YE25, with the adjusted EBITDA increasing to circa £1.2m.
- All income is secured through contracts, and there is loyalty from blue-chip clients; 90% of clients appoint the business for multiple projects.
- Procures approximately 70% of its revenue from four key framework agreements, three of which will be in place until at least 2026.
- In an advantageous position to be awarded a subsequent contract with a large blue-chip client in autumn 2024.
- Has a strong 2024 pipeline in place, with £5m worth of works scheduled. The business is ideally positioned to advance its activities for existing clients, with scope to attain a further £2m. Outstanding tenders total £5m.
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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