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Sun, Nov 27 2022 07:43:49 AM  |  /

Specialist High Performing Plastics Engineering Solutions Company

Commercial Id:000809     |    Reference: EY049
Leasehold Price:
£300,000.00
Commercial Description

Business Profile:

Established by the vendors in 2000, this innovative and forward-thinking company recognised the potential to form a new category in the buoyant engineering sector and have established a successful and reputable business providing innovative engineering solutions to a wide range of industries.

The company specialises in the manufacture and supply of components produced from High Performance Plastics and have worked hard to promote the advantages of the High-Performance Plastic parts vs. traditional steel parts. Establishing a market for High Performance Plastic components and promoting a change in several industries from reliance on traditional materials (steel). 

The large customer base ranges from engineering & manufacturing companies from original equipment manufacturers to large process manufacturing plants.  These companies recognise the advantages and added value High Performance Plastic components offer. The business specialises in manufacturing components for machine building, process engineering, marine industry, civil engineering, pharmaceuticals and mining etc.

The business has developed a strong production network and good relationships with raw material suppliers. They can provide Compliance Certification & Material Conformation, a regular requirement with many clients. There is potential for growth as many companies seek to source parts locally to alleviate import & transportation costs.

The business has a superb reputation and benefits from a stable infrastructure, loyal staff and going forward has much potential for further growth and continued success. It is an exciting opportunity as a stand-alone business or would be a beneficial acquisition for an established company in an affiliated sector.

Premises:

The business operates from leasehold premises in a centrally located rural business park. Convenient to the main roads network and within easy access of motorways & airports.  We are advised that rent is circa £4500 including rates.

The premises include general office, material stores, dispatch store and a yard with ample storage and parking. The business operates by outsourcing production through the well-established production network therefore is fully relocatable.

Tooling & Design:

Significant knowledge, innovation and expenditure have been incurred in the continued development of successful designs, specific tools and moulding parts, which are the inherent value of the business.

Business Hours:

Monday – Friday:

8.30am -5pm.

Advertising/Marketing/Sales:

The business does not currently benefit from a dedicated marketing or sales function and huge potential remains to be released by the development of same with potential for increased turnover & profitability accordingly.

Development of a digital marketing plan and enhanced website would also be desirable.

Financial Profile:

The business is being offered for sale on a going concern basis with offers invited in the region of £300,000 for fixtures, fittings, equipment, goodwill, customer base/list and stock at valuation.

Turnover in the region of £270,000. Gross Profit: £135,000. Adjusted Net Profit: £72,000.

Employees:

Owner/ MD.

Personal assistant.

3 full time staff members.

Growth and Expansion:

The business is well positioned for further growth with opportunities to penetrate the market further now that there is an awareness and acceptance of the product offering. There is a continued increase in uptake from companies seeking to source parts locally to reduce import and transportation.

There are 3 key areas which can continue to be developed;

  1. The supply and distribution of semi-finished high -performance plastics to other companies.
  2. Development of new high-performance plastic components using our already established network.
  3. Expansion into other geographical areas for sales of the existing product lines.

The creation of a sales/marketing function and digital marketing strategy would support these aims.

Key Opportunities:

This is an exciting opportunity to build on the existing product line and customer base of this well- established business.

There is potential to increase turnover and profitability. A dedicated sales and marketing function would yield significantly increased returns.

A new owner with a fresh perspective and enthusiasm has the potential to enhance the business and take it to the next level.

Hand- Over Support:

Current owners are willing to provide training/familiarisation at handover as mutually agreed to ensure a seamless transition. Current staff members may be willing to stay on after acquisition subject to negotiation.

Reason for Sale:

The owners are planning their exit strategy due to retirement. 

 
Commercial Information
Property Status:   Leasehold
Is this commercial relocatable: No
Commercial Sector: Serviced Office, Office
Statistic Information
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Business Profile
Equipment: na
Key strengths: na
Key Opportunities: na
Financial performance: na
Asking Price: na
Rent Frequency: Per annum
Advertising and Marketing: na
Growth and Expansion: na
Premises: na
Business Hours: na
Employees: na
Support and Training: na

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