ACQUISITION OPPORTUNITY – PROJECT ELECTRIC
Fourth generation professional auctioneers and valuers
The opportunity to acquire the business and / or assets of an accredited provider of electrical infrastructure projects across the energy and utility sector.
Overview
Midlands based construction company, specifically operating in the utility power infrastructure sector.
As an Independent Connection Provider (ICP) associate can fulfil smaller and larger scale projects covering kV up to 132kV. Projects include – battery storage, EV charging, solar energy and biomass generation connections.
Working with INDO Independent Networking Distribution Operator, providing connections to clients through a network of local partners.
Services include specialist design and build solutions, tailored to clients’ specific
contract requirements.
Key Features
• Design and delivery of electrical infrastructure projects including – EV charging points, service diversions, substation works.
• Professional solutions overcoming the technical challenges involved with specialist infrastructure projects.
• Experienced team of 10 including three industry leading Directors.
• Three leasehold sites in the Midlands area
Assets for Sale
• Goodwill
• Intellectual Property
• Website
• Machinery & Equipment
• Motor Vehicles – majority leased
• Customer list
Summary Financial Information
| £’000 | FY21 (Actual) | FY22 (Actual) | FY23 (MI) |
|---|---|---|---|
| Income Statement | |||
| Turnover | 365 | 2,206 | 5,486 |
| Gross Profit | 115 | 536 | 1,161 |
| Statement of Financial Position | |||
| Fixed Assets | 9 | 45 | 64 |
| Current Assets | 105 | 456 | 602 |
*MI figures provided by management
Process
Further information can be obtained from KBL Advisory on completion of a standard non-disclosure agreement.
KBL Advisory is requesting indicative offers, supported by proof of funding, by 5pm on Friday 2nd February 2024 with a view to completing a transaction as soon as possible thereafter. We reserve the right to close the bidding process early or extend the deadline for indicative offers without liability or advanced notice.
All correspondence in relation to this opportunity should be directed to KBL Advisory as follows:
Sarah Bates / Steven Brown
KBL Advisory Limited
Tel: 07414 932581 / 07972 004258
Email: sarah@kbl-advisory.com / steven.brown@kbladvisory.com