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Sat, May 15 2021 03:38:47 PM  |  /

Fire Protection and Electrical Systems Specialist - GK294

Business Id:000483     |    Reference: GK294
Price:
£650,000.00
Business Description

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:

Commercial / Industrial

24/7 Call Out Service

Design & Build Electrical Installation Services

Design & Build Fire Alarm System Installation

Design & Build Emergency Lighting Systems

Electrical Inspections, Testing & Reports

Data Wiring Systems

Project 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,

*NICEIC Approved Contractor 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.      

 

 
Business Information
Turnover:£1,283,000.00 Annually
Profit:£284,000.00 Annually
Is this business relocatable: No
Business Sector: Fire extinguisher businesses
ofering offering almost all Fire Protection ...
Statistic Information
Total Views:
Impressions:
Total Enquiries:
Last Viewed:
Last Updated:
Last Enquiry Made:
Business Profile
Equipment: na
Key strengths: na
Key Opportunities: na
Financial performance: na
Asking Price: 650000
Advertising and Marketing: na
Growth and Expansion: na
Premises: na
Business Hours: na
Employees: na
Support and Training: na

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