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Substantial Plastics Processing Manufacturer - ON HOLD

Substantial Plastics Processing Manufacturer

Established nearly 30 years ago, this opportunity is a well-equipped and well-resourced plastics processing business with annual sales in excess of £2.5M.

Revenue is generated from a number of discrete product lines, including the manufacturing of its own range of products, resulting in a significantly de-risked trading profile. Client relationships are longstanding (many in excess of a decade) with no client accounting for more than 16% of sales. They are also spread across a number of sectors, from automotive to building products and electrical to storage solutions.

Located in the West Midlands, the company operates from a modern 17,000 sq. foot premises and employs 18 full-time staff including a management team.

Revenues have consistently grown year over year, other than the interruption for Covid, and sales for the current year are forecast at £2.6M, delivering an adjusted EBITDA in excess of £650k. The business model is robust and other than (the Covid affected) 2020, it has delivered an adjusted EBITDA in excess of £XXX every year since 2016.

The Guide Price sought by the Vendors for 100% of the shares of the business is £XXX.

The business will be sold on a debt free, cash free basis to include a Net Asset Value at Completion expected to be c. £500k. The balance sheet contains considerable surplus cash, with an expectation for that to be added to the consideration.

The business will be an attractive acquisition for both a larger trade buyer looking to extend its product range and / or technical and manufacturing capability and also those looking for a stable stand-alone business, with significant further growth opportunities.

Contact: Chris Elliott or Peter Wilson        02476 100476

Anderson Shaw Reference - ASCFL/PPM

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

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