Business Summary:
Steel Processing Company ISO 9001: 2000 LRQA Approved
Ref.IS042
Location West Midlands
Asking Price £ 750,000
Set up some 10 years ago, this now very well established and reputable business provides a comprehensive steel processing and manufacturing service to a range of Tier 1, Tier 2 and Tier 3 customers throughout the UK. Services include
• Low volume supply to Tier 2 and Tier 3 Press-workers serving a variety of markets including Automotive, Yellow Goods and Exhaust Aftermarket.
• Sub contract steel processing services for Tier 1 distributors.
The business has been developed over time with significant investment in the company, particularly in the steel processing area. Because of this the company can boast a substantial level of plant and machinery complimented by long serving and highly experienced staff at all levels. This internal capability has enabled the business to take on varied and challenging projects over time, many of which have been high profile. It has also ensured ongoing growth in terms on continuous financial improvement year on year.
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| Year
Business was Established: 2001 |
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| Number of Employees:
11FT |
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| Facilities / Terms of Lease:
The business operates from leasehold premises situated on a secure industrial estate with excellent access to all major routes and sufficient parking. The premises comprise circa 16,000 square feet of production, warehouse and offices. Rent and services is circa £34,084 p.a. Rates payable are circa £12,648 p.a. Current lease is for 5 years with a break clause after 2 years. The current lease has two years left to run, but is available to extend. |
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| Potential
Growth/Expansion:
The business is well positioned to take maximum advantage of growth markets as they occur such is its ability to provide a large range of products and services in house. It has the infrastructure already in place in terms of accreditations, position in market, equipment and staff, to cater for significantly more work.
The business has grown year on year and forecasts indicate that this trend is expected to continue in the coming years. Further development of existing accounts should ensure future prosperity. |
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| Owner
willing to train:
The current owners would be happy to provide full training and support at handover and stay on for an additional period of time after the sale if so required subject to negotiation. |
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| Reason for selling:
One of the directors is looking to retire |
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Seller Reference Number: IS042
BusinessMart.com Listing Number: 109564 |
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