ACQUISITION OPPORTUNITY – PROJECT MORTAR
Fourth generation professional auctioneers and valuers
The opportunity to acquire the business and / or assets of a leading construction company highly experienced designing and delivering complex projects across a variety of sectors.
Overview
Well established midlands based business providing quality-driven, competitive and trustworthy construction services to clients across a various of sectors including:
• Commercial – retail, sports and leisure
• Industrial
• Civil Engineering
• Healthcare
• Residential
The business has been operating for over 30 years with an experienced team; demonstrating an efficient process and professional approach.
Key features
• Turnover for 9 month period ending 30 September 2023 of £12,008k
• Currently engaged on four live projects from design and build of care homes to a sports and leisure facility
• Experienced workforce comprising of 26 employees and 2 directors
• Accreditations including constructionline, ISO9001, ISO14001
• Well spread customer base
• Leasehold premises in the midlands
Assets for sale
• Goodwill/ Intellectual Property
• Website
• Machinery & Equipment / office equipment
• Customer contracts
• Book debts, WIP and retentions
Summary financial information
£’000 | FY21 Actual | FY22 Actual | 9 Mths to Sept 23 MI |
---|---|---|---|
Income Statement | |||
Turnover | 14,334 | 17,406 | 12,008 |
Gross Profit | 2,119 | 1,430 | (209) |
Statement of Financial Position | |||
Fixed Assets | 14 | 12 | 12 |
Current Assets | 2,729 | 2,439 | 3,153 |
*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 midday on Friday 16th February 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 / Alex Trust
KBL Advisory Limited
Tel: 07414 932581 / 0161 637 8100
Email: sarah@kbl-advisory.com / alex.t@kbladvisory.com