An opportunity has arisen to acquire a long established and highly profitable metals recycling business.
The current owner is confident the market position developed leaves the company well placed for future growth, however believes that this will be best achieved under alternative ownership by a company with the financial and managerial resources required to maximise the significant opportunities that exist.
The business is the market leader in its sector locally and has developed an enviable reputation over many years through high levels of service.
The vast repeat supplier base ensures a consistent volume of materials and there is no undue reliance on any one individual supplier. The business handles in excess of circa 4, 000 tonnes of ferrous and non-ferrous metals every year. The business handles the full range of metals which, once processed and graded, are sold to a high quality customer base.
There is a very good record of profitability and strong cash generation which means the business is self-financing. There is a strong asset base, no debt and a sound financial position generally.
The company operates from a location in the East Midlands, which provides excellent communication links and scope for significant future growth. It operates under the relevant environmental and waste management/recycling licences as required.
The company currently generates turnover of circa £3.5m and an operating profit of circa £600k.
However, the current facility provides the capacity for significant growth above existing levels. Net assets are circa £1.5m+.
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