Acquisition Opportunity – Project Ice
Fourth generation professional auctioneers and valuers
The opportunity to acquire the business and / or assets of a specialist road traffic management business.
Overview
Well established business providing temporary traffic management, road markings and surfacing for a variety of customers across the UK.
Recognised for being a leading service provider in the market with an efficient and professional approach.
Key features
- Annualised turnover of more than £3.3m.
- Experienced workforce, comprising approximately 30 employees, including management.
- Diversified customer base, including local authorities, utility contractors and highway maintenance operators.
- Relevant accreditations.
- Conveniently located, leasehold premises with good transport access.
Assets for sale
- Goodwill
- Equipment and machinery
- Computer equipment
- Fixtures and fittings
- Motor vehicles (some subject to finance)
- Work in progress
- Customer list and order book
- Website
Summary financial information
| £’000 | FY22 Actual | FY23 Mgmt. | FY24 YTD* Mgmt. |
|---|---|---|---|
| Income statement | |||
| Turnover | 1,786 | 2,712 | 1,372 |
| Operating Profit | (147) | (53) | 195 |
| Statement of financial position | |||
| Tangible fixed assets | 113 | 145 | 145 |
| Net current assets / (liabilities) | (37) | (289) | (267) |
| Net assets / (liabilities) | (211) | (264) | (103) |
*5 month period
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 4pm on Thursday, 7 March 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: 07414 932581 / 0161 637 8100
Email: Amy@kbl-advisory.com / Alex.t@kbl-advisory.com