Acquisition Opportunity | Project Elevate
Fourth generation professional auctioneers and valuers
The opportunity to acquire the business and / or assets of a powered access equipment hire company.
Overview
Well established North East-based business offering a wide range of powered access equipment from leading industry manufacturers
Wide-ranging, modern rental fleet comprising scissor lifts, articulated boom lifts and material lifts.
Part of an established network of ‘cross hire’ partners.
Key features
- Annualised turnover of approximately £750,000.
- Well maintained fleet of more than 140 assets.
- Diverse customer base comprising commercial customers, tradesmen and cross hire partners.
- Experienced workforce comprising four members of staff, including one director.
- Two leased trading premises in North East England.
Assets for sale
- Goodwill
- Website
- Hire fleet (subject to asset finance agreements)
- Motor vehicles
- Customer list
- Order book
- Book debt surplus (subject to invoice finance agreement)
Summary financial information
| £’000 | FY22 Actual | FY23 Actual | FY24* Mgmt |
|---|---|---|---|
| Income Statement | |||
| Turnover | 1.180 | 761 | 156 |
| Gross profit | 352 | 224 | 123 |
| Net profit / (loss) | 109 | (86) | 7 |
| Statement of financial position | |||
| Fixed assets | 453 | 1,199 | 1,515 |
| Current assets | 369 | 287 | 182 |
| Net assets | 148 | 62 | 69 |
*Three months only
Process
Further information can be obtained from KBL Advisory Limited on completion of a standard non-disclosure agreement.
KBL Advisory is requesting indicative offers, supported by proof of funding, by 5pm on Tuesday 23 July 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:
Amy Lowden / Alex Trust
KBL Advisory Limited
Tel: 0161 637 8100
Email: Amy@kbl-advisory.com / Alex.T@kbl-advisory.com