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CONFIDENTIAL SALE
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611415
155998 / Rightbiz
The company is a commercial and industrial electrical contractor carrying out projects for local authority and public sector clients in London and South East England.
Benefitting from an excellent reputation within its sectors, the company carries out work on a wide range of projects, including on heritage buildings and in busy live environments.
At present, the company is working with 18 clients, all of which provide regular repeat business, with some relationships spanning multiple decades.
The shareholders are offering the business for sale to facilitate their retirement.
Offers invited.
Key Highlights
- Offers a comprehensive turnkey service from concept to completion, delivering high-quality electrical installations on time and within budget.
- Services are tailored towards the precise needs of individual clients, including for projects on buildings of all sizes, heritage sites, and live environments such as fire stations.
- Caters to a broad range of sectors, with clients including local authorities, healthcare providers, schools, the emergency services and private landlords.
- Experienced second-tier management team in place.
- Operates from leasehold premises.
- Growth is expected to come from the increased demand for renewable energy, with scope to further promote the company’s services in this area.
Financial Highlights
- Turnover of £2.6m, with an adjusted EBITDA of £293k.
- Pipeline of confirmed and ongoing work is currently valued at £950k, with scope to gain business worth up to £4.9m from outstanding 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
Get Solicitor
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