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On Hold: Waste Disposal / Heavy Industrial Cleaning Business

Anderson Shaw Corporate Finance Ltd exclusively offers for sale a well operated and very profitable family owned waste handling business located in the East Midlands.  The vendor, who no longer plays an active role in the business, would like to sell in order to fund other projects.

The business provides industrial cleaning and waste collection services to the commercial and industrial sectors, supporting customers both regionally and on occasions nationally.  The business has grown organically to a current fleet size of 13 vehicles and invoiced nearly 280 clients in the last financial year, with the top 1 and top 5 clients accounting for 22% and 63% of turnover respectively.

The business currently employs 11 staff, with management continuity provided by the current Managing Director who would like to stay with the business.  The business operates from a garage on a leased half acre site with convenient transport links. We understand that the landlord would be willing to discuss sale of the freehold.

Sales for 2013/14 exceeded £1.1M, a 33% increase on the prior year and the result of growing the industrial cleaning side of the business, investment in a new tanker and exploiting an exploratory fracking opportunity.  The adjusted EBITDA for the same period was £255k. Gross margins have increased year over year since 2010/11 and now comfortably exceed 50%.  The business is forecast to continue growing in 2014 /15, with sales of £1.3M delivering an adjusted EBITDA of £310k.  The balance sheet as at July 2014 had debt free, cash free Net Assets of just over £230k.

The Guide Price sought by the Vendor for 100% of the shares is £1.1M.  The business will be sold on a debt free, cash free basis with a net asset value at completion expected to be around £230k.  The business will appeal particularly to trade buyers in the same sector looking for geographic expansion or complementary businesses looking to move into the industrial cleaning / waste collection sectors.  Fracking potentially offers a very real opportunity for a quantum leap in the scale of the business.




If you would like to request further details about this opportunity please complete the form below and indicate your agreement to the Confidentiality Agreement.

CONFIDENTIALITY AGREEMENT

You are requesting Anderson Shaw Corporate Finance Ltd ('Provider'), in conjunction with its client ('Vendor'), to provide you with information about the Company/ies and/or Business/es referred to in the advertisement above. This information will usually comprise the identity of the Company/ies and/or Business/es for sale and may also comprise a Confidential Briefing Document and/or other relevant information about the Company/ies and/or Business/es ('the Information'). Before the Information can be sent to you ('Recipient'), you must indicate below for yourself and/or on behalf of the corporate entity/ies you represent your agreement to abide by the following terms:

Recipient agrees:

  • To keep confidential the Information which, for the avoidance of doubt, includes the identity of the Company/ies and/or business/es for sale.
  • To use the Information only for evaluation purposes.
  • To share the Information only with fellow directors and/or retained professional advisers who will be deemed to have agreed to the terms of this agreement.
  • To return all the Information on demand to the Provider or the Vendor and not to retain any copies.
  • On demand to provide a hard-copy, signed version of this agreement from today’s date.

This Agreement will:

  • Terminate with the written consent of both parties or in any event after 2 years from today's date.
  • Not apply to any of the Information found to be in the public domain.
  • Not apply to any of the Information which is published or otherwise becomes part of the public domain through no fault of the Recipient.
  • Not apply to any of the Information which is already known to the Recipient.

In most cases, if the Vendor approves the release of the Information to you, you will be asked to sign a separate, longer form, Non-Disclosure Agreement which will replace this Agreement.


Anderson Shaw has offices on the outskirts of Coventry and provides business broker and corporate finance services for clients throughout the Midlands and the UK.

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