Business Summary:
Design and Manufacturing of Tooling for Industry
Ref.JH021
Location Kent
Asking Price £500,000
This company is a designer and manufacturer of precision machine tooling for industry.
The owners of this business have used its automated precision Machining capabilities and reputation for unstinting attention to quality, to develop a profitable business within the automotive, aerospace, medical, oil and gas, pharmaceuticals and machine tool industries. The company has been built on integrity and offers a very reliable & dependable service.
The company was established in 1976 by its present owners. Most of their customers are international “Blue Chip” companies. The company holds a variety of accreditations for the industries they serve. This is a company that for the last thirty four years has built up an International reputation for innovation. The business is known for high quality designs and products at competitive prices.
Within its leasehold modern circa 10,000 square feet property, the company produces work holding fixtures & special tooling.
The pending retirement of the founders and owners creates a rare opportunity for a new knowledgeable owner/investment team to take this solid business on to the next level. There are considerable opportunities for expanding the company's revenues and profits within the existing customer base as well as through marketing efforts targeting new prospects within these same, robust industries.
With a total of fifteen skilled and loyal employees, the company has a full team of experienced staff in place. Staff turnover has been extremely low and a combination of training and pride in the business and the quality of their product can be directly linked to the loyalty of the team. . The current owner’s act as the company's principle management and, to insure that the transition to a new owner occurs without disruption, are willing to continue on in the business for a period of time. Whilst the company has an excellent, informal work atmosphere it employs "best practice" concepts in its operation.
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