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Sold STC: Substantial Electrical Contracting Business

Established some 50 years ago, this Company provides electrical contracting services to a wide range of Local Authorities, Main Contractors and Corporate clients. The business employs 19 and is forecasting annual sales of just under £X.XM for the current financial year, with a similar forecast for the following year. One owner has semi-retired and both owners feel that it is the right time to allow new owners to take over the business.

 

 

Key features of the business include:

  • Excellent Reputation – has built an excellent reputation in the industry – scoring high marks on periodic customer satisfaction surveys
  • Diverse and loyal customer base – 17 customers across 5 sectors account for c 74% of sales. High levels of repeat business.
  • Management Structure In Place – Contracts Manager, Business Development and Estimating roles head up the workforce with good systems support.
  • Quality Work Force – 4 Supervisors lead a team of 8 Electricians (6 fully qualified)
  • Strong financial track record – the Company has made profit in all but 2 years since the late 1980’s
  • Opportunities for Growth – potential for further growth in existing and new sectors
  • Well located, economical Premises – 1,200 sq ft of office space plus separate storage, based in E London - also available for sale

In 2016/17, sales are forecast at £X.XM, with an adjusted EBITDA of £XXXk. The Balance Sheet has Net Assets of around £XXXk debt free, cash free (excluding the property).

This Company will be of interest to both trade and private buyers but will appeal especially to trade buyers who are already operating in the electrical or mechanical contracting sectors perhaps targeting different sectors or geographic areas.

The Guide Price sought by the Vendors for 100% of the shares is £XXX,XXX. The business will be sold on a debt free, cash free basis with a Net Asset Value at Completion of around £XXX,XXX. The Company’s premises are also available for sale at market value, if required. Both retiring owners will assist with a smooth transition following completion.




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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