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Fri, Feb 28 2020 09:25:54 AM  |  /

Specialist Architectural Metalwork Services Company

Business Id:000380     |    Reference: IT092
Leasehold Price:
£270,000.00
Business Description

Specialist Architectural Metalwork Services Company

Specialising in the restoration of period metalwork to important listed properties

Ref. IT092

Location : South Wales

Asking Price : £270,000 + Net Assets

The business is an established, highly regarded and profitable company which has been in business for over 24 years and has worked very hard at establishing itself as a specialised provider within the marketplace. It is particularly associated with providing high levels of workmanship at a competitive price, but above all, for its reliability and responsiveness to the requirements of its customers.

Clients and customers include property management companies with responsibility for private estates, architects, specifiers and main contractors for large government and other institutions requiring understanding, sensitivity and care in providing solutions to complex restorations issues.

Projects range in size from just a few items to the longer term that includes more than 400 individual articles but it is often the complexity that drives value in these matters and not the volume since there is much skill in first assessing the requirement and then making critical choices concerning the balance between restoring what remains with replicating what is too damaged to be restored and at the same time maintain the historical integrity of all metalwork.

The business is kept very busy running its operation from two modern premises that include a workshop, storage & very well appointed offices in South Wales from which it services clients and customers all over the UK.

With a strong history in the building sector and understanding what can and can’t be done, the right solution is provided for every client – whether that be a single remedial treatment, or fulfilling the requirements of an entire property with a much higher order value. Clients will sometimes have more than one property and some of these will be of historic significance and listed status.

The strengths of this company include its expansive technical knowledge and its practical expertise. All work is undertaken by directly employed, qualified and highly experienced teams, which also helps to create a strong trading base.

 
Business Information
Turnover:£527,000.00 Annually
Profit:£67,000.00 Annually
Property Status:   Leasehold
Leasehold Term: Combined rent and rates is circa £52,000 per annum
Is this business relocatable: No
Business Sector: Metal manufacturing companies
Statistic Information
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Business Profile
Equipment: The company has invested in a good level of plant and equipment in order to satisfy its very high standards of service and quality. The business utilises leading QuickBooks accounting software to run the administrative functions of the business and also uses a bespoke database management tool for all customer and client details.
Key strengths: • Honesty and Integrity • Strong team ethic • Professional senior team and staff • Problem solving • Reputation and detail • Commercial, Institutional and domestic customer base • Accreditations • Complete turnkey operation • Good level of plant and equipment
Key Opportunities: There is a lot of work to be gained and the company stands at the threshold of significant new project wins that will transform its scale and further enhance its reputation. The business would benefit from a new owner with greater resources and more energy to explore currently unexploited opportunities such as purchasing systems and investment in IT for operations management. A more proactive approach to sales and marketing could further increase revenues in the future. Another avenue would be to develop in other geographic areas for business; the vendors also believe that an increase in prices would be appropriate and be beneficial with no harm to turnover.
Financial performance: The business is being offered for sale on a going concern basis: all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler. Turnover circa £527,000 per annum (2019 accounts) Net Profit c.£67,000 Net Asset Value c.£90,000 Adjusted EBITDA c £93,000 (before Directors drawings)
Asking Price: The Asking Price of £270,000 + net assets is for 100% of the issued capital of the company, assuming Net Assets of circa £93,000 on completion (calculated on a zero cash-zero debt basis). The final selling price will have a £1 for £1 adjustment for any ri
Advertising and Marketing: The business has an excellent company website that comprehensively and attractively presents the high quality services on offer.
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Business Hours: Monday – Friday: 8.00am – 5.00 pm
Employees: The owner manages the business, ably supported by a 2 x full time staff including a very experienced and internationally renowned metalworker, who manages all metalwork operations and a full time administrative assistant. This small but productive team ar
Support and Training: The owner is happy to provide support and training for a negotiated period of time.

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