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Specialist Engineering Company
Manufacturer of Precision Pressings, Stampings & Assemblies, Since 1953

Ref. IT091

Location : Buckinghamshire

Asking Price : £290,000 Inc. Assets

Turnover : £241,000

Net Profit : £80,000

Gross Profit : £157,000

EBITDA : Undeclared

Net Asset : £91,000

Premises : Leasehold

Confidentially offered for sale


  • Turner Butler

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Premises: Leasehold

Business highlights include:

Turnover circa £241 ,000 per annum
Adjusted Net Profit circa £80,000 per annum
Gross Profit circa £157,000 per annum
Net Assets circa £91,000 (2016 accounts)
Over 65 years trading
Comprehensive equipment
Fixtures & fittings
Skilled & motivated personnel
Successful trading since 1953
Significant Goodwill

Business Profile

Set up over 65 years ago and as such is a very well established and reputable business providing a comprehensive range of niche products and engineering services to a variety of clients in various manufacturing sectors but primarily in electronics/electrical, supplying to the medical and agricultural industries.

The business’ comprehensive metal pressing facility offers progression presswork for high volume parts, simple single stage tooling for medium to low demand with more complex Deep Drawn press work up to 75 tonne capacity producing a diverse range of pressings.

The company has the facility to supply both large and small parts together with large or small batches; it has traded successfully for many years with current level of equipment still maintaining the levels of production that the customer base demands.

The business has its own internal inspection procedures to ensure customers receive only the highest quality products and services. This internal capability enables the business to take on varied and challenging projects for its clients and customers.

From first contact to completion the onus is geared towards complete customer satisfaction. The business is committed to ensuring manufacture is to the required standards of excellence, as you would expect from a company with such infrastructure.

Equipment/Capacity:

The company has a comprehensive catalogue of machines, including:

Single Action Power Press

7 Single Action Power Presses ranging from 15 – 100 ton
1 12 ton Worcester Rotary
6 No 3 Fly Presses
1 No 5 Fly Press
1 Barns 15 ton Brake Press
1 Guillotine

MACHINE SHOP AND IN HOUSE TOOLMAKING

Our machine shop includes all secondary operations, such as; Drilling,
Countersinking, Tapping, Turning, Milling, Barrel Deburring and
Cylindrical & Surface Grinding.

WELDING

Mig Welding on Murex 160 Welder
Spot Welding

The business operates from an older but still effective commercial unit near a busy, modern industrial park and is close to town centre facilities and the M40 motorway, close to the M25. The business maintains stock for standard products and common parts, which help to increase profitably and ensure urgent deliveries, and spare part availability.

Key Strengths:

The business has traded for so long and has become an essential supplier for robust and maintainable reasons, the quality of its work and the reliability that goes with it.

Key to both of these factors are the four full time press operators that work in the business, as they have done for many years.

Key Opportunities:

This is an outstanding opportunity to build on the existing products, services and customer base of this leading company. With a strong demand and impressive profitability, combined with a capacity to increase turnover, a new owner contributing fresh ideas and energy levels will have every advantage of building on an excellent platform to take this business to its next level.

The business maintains hundreds of satisfied customers throughout the UK, who appreciate the company s superior products and skill sets, attention to detail, value for money and service.

There are many excellent avenues for growth, especially within the current operations capacity. A dedicated sales and marketing effort would yield significant levels of additional business and profitability as, by its own admission, the business tends to be reactive rather than proactive in its approach to sales and marketing, as it has no formal sales team.

Financial Information:

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 £241 ,000 per annum
Adjusted Net Profit circa £80,000 per annum
Gross Profit circa £157,000 per annum
Net Assets circa £91,000 (2016 accounts)

The Asking Price is for 100% of the issued capital of the company based on Net Assets being circa £91,000. There will be a £ for £ adjustment to the asking price to reflect any rise or fall in this net asset position as at completion.

The business has a clean bill of health with no loans or HP outstanding.

Asking Price:

The Asking Price is for 100% of the issued capital of the company based on Net Assets being circa £91,000. There will be a £ for £ adjustment to the asking price to reflect any rise or fall in this net asset position as at completion.

Advertising and Marketing:

The business could benefit from a more strategic internal medium/long term sales and marketing planning. It has a basic yet informative website but does very little in the way of proactive marketing.

Growth and Expansion:

The business is well positioned to take maximum advantage of growth markets as they occur such is its ability to provide a diverse range of products and services in house with quick turnarounds. It has the infrastructure already in place to cater for significantly more work whether large or small scale.

It also has the ability to enter new markets should a new owner so wish as it has a sterling reputation in place.

Premises:

The business operates from fully equipped leasehold premises that are located on a small commercial area but close to a well-known business park, in a busy Buckinghamshire Town. The premises are circa 1,750 square feet on one floor with all facilities available.

The premise offer excellent value for money and are located in a fabulous semi-rural location, very close and in easy access of A roads and nearby M40 and M25 motorways. We are advised rent, rates and water are circa £12,000 p.a.

Business Hours:

The business currently operates on a one shift system, Monday to Thursday from 8:00am to 5:00pm and until 1:00pm on a Friday. This could be expanded if need be.

Employees:

The vendors works in the business on a day to day basis and is hands-on with machine operation as well as administration but has been coaching the team with the result that they been taking more and more responsibility as time has progressed.

The business employs 4x Machine Operators on a full time basis.

Support and Training:

The current owner would be happy to provide full training and support at handover to ensure a seamless transistion of ownership. One/both  may be prepared to  stay on within the business for a further period of time should a new owner so require, subject to negotiation.

Reason for Sale:

The owner is planning retirement.

Looking for finance ?

If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at finance@turnerbutler.co.uk

Turner Butler Disclosure Statement

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts

Turner Butler
Ickenham House, 2-4 High Road, Ickenham, Middlesex, UB10 8LJ
Telephone 01895 25 6000 Facsimile 01895 25 7777
info@turnerbutler.co.uk
www.turnerbutler.co.uk