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opportunity details
Manufacturing | North | £990k Turnover
This successful company was formed over twenty years ago and has grown into one of the north of England's leading manufacturer and suppliers of an impressive rage of lifting equipment, servicing a wide range of industries including offshore, mining, haulage and port authorities etc. The company not only produces bespoke lifting equipment to order but alos provides onsite maintenance/testing, along with recently launching a new product range of safety wear/equipment.
The company has seen successful and stable growth over the past twenty years and as it continues to grow it has attracted work from a wide range of clients in a multitude of market sectors, achieving preferred supplier status with several blue chip businesses leading to extensive repeat orders and the formation of strong relationships. A collaborative approach to working with clients, alongside the experienced team and dedication to detail has secured these relationships. The key influence on winning and securing orders is flexibility, quality and quick turnaround times.
There are two equal shareholders, currently working on a full time basis, one of whom is responsible for the day to day running of the business, while the other is responsible for onsite visits and testing. The directors are supported by an office manager, workshop supervisor, office administrator/sales plus warehouse operatives.
The company operates from a single story, leasehold, industrial building, including office accommodation, reception area, warehouse, production and storage space, located within easy access of major transport links.
The opportunity has arisen to acquire this company as the shareholders wish to secure an eventual exit route. The Directors' roles are interchangeable, and both are happy to provide an effective handover before stepping back from the business. The level and duration of this involvement is flexible, and dependent on the purchaser's requirements.
Turnover for the year ending March 209, £990k, gross profit,£411k and net profit £116k.
  
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