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Businesses For Sale > Business For Sale in Essex, UNITED KINGDOM - UK (UK)

GK294-Fire Protection and electrical systems specialist for sale in Essex, UK

Essex, UNITED KINGDOM - UK (UK)

Asking Price: Gross: Cash Flow:
£ 650,000 £ 1,283,000 Undisclosed

Business Summary:
Introduction:Turner Butler has been appointed to invite offers of purchase for 100% of the Issued Share Capital of a leading fire and electrical systems specialist – offering a complete range of Domestic, Commercial & Industrial Fire Protection and Electrical Services including:Domestic Commercial / Industrial24/7 Call Out ServiceInstallation, Repair & Maintenance.Inspection, Testing & Certification.Kitchen Electricals.Bathroom Electricals.Security Alarms & CCTV.TV, Satellite, Phone & Data Points.External Garden Lighting & Power 24/7 Call Out ServiceDesign & Build Electrical Installation ServicesDesign & Build Fire Alarm System InstallationDesign & Build Emergency Lighting SystemsElectrical Inspections, Testing & ReportsData Wiring SystemsProject Management / Service Management / Complete Site Services Key strengths:The Company has the following key attributes:• High levels of recurring revenue – circa £400k per annum.• Extensive customer base across residential, commercial, industrial and retail businesses: 68 contracts.• Nationwide coverage.• Long established sub-contractor relationships.• Long standing managemnet team• Run under management• Small workforce• Very well established – highly respected within the industry.• Accreditations include,*Member of the British Fire Consortium.*NICEIC Approved Contractor Scheme*NICEIC Domestic Installer Scheme.*NICEIC Approved to provide Electrical Safety Inspections to the Private Rental Sector.*Health & Safety Chas accreditation• Highly skilled, expert and trained staff.• Complete turnkey operation. The Company provides an acquirer with:• An excellent bolt on for a business already operating within the fire, electrical & security systems sector. • An ideal starter business for anyone looking to establish a foothold within the fire, electrical and security systems sector. Financial performance:For the financial year ended 31st December 2019, the business achieved a turnover of £1,283,000 with an adjusted profit before a single owner’s drawings of c£284,000. Of that turnover some £1.05m was derived from commercial customers.In 2020 despite Covid restrictions and lockdown the Company achieved a turnover of £789,693 and a profit before drawings of £148,870.In January 2021 the vendor appointed a managing director to replace him and the Company is currently averaging a monthly turnover of c£57,000 and an annualised profit of £153,000 after all costs.Offers are now invited for a sale of 100% of the Issued Share Capital of the Limited company based on a Balance Sheet value of £87,188 with a £ for £ adjustment to the final sale price to reflect any movement away from this benchmark figure.

 
   
Seller Reference Number: GK294
BusinessMart.com Listing Number: 257297