ACQUISITION OPPORTUNITY – PROJECT SAND
Fourth generation professional auctioneers and valuers
The opportunity to acquire the business and / or assets of a company which specialises in high quality glass production and processing.
Overview
Project Sand is an innovative glass processing companies in the UK and covers the full range of services from simple kitchen splash backs to complex UV bonded structures. Project Sand offer one off single bespoke projects through to high volume processing and deliver to customers throughout the UK. The team at Project Sand are highly defined experts within their field and have a knowledge base that spans over a hundred years. Project Sand’s customers typically include Architectural Metalworkers, Shopfitters, Interior Designers, Furniture Manufacturers, Signage Companies, Glass Companies, Architects, Designers. Project Sand, from their in-house glass production facility, can offer a wide range of glass processing from toughened and lamination, to precision cutting and shaping.
Key features
• Turnover of £2.37m in the year to 31 March 2022 and £1.5m in the 7 months to 31 October 2022
• Experienced workforce comprising 26 members of staff and one director.
• Operates from rented premises in Lancashire
Assets for sale
• Goodwill
• Work-In-Progress
• Tangible assets – subject to Hire Purchase (comprising plant and machinery, fixtures and fittings and computer equipment)
• Order book, Ongoing Contracts and Customer List
• Website, Intellectual Property
Summary financial information
| £’000 | FY21 Statutory Accounts | FY22 Statutory Accounts | 7m period to Oct 22 Management Accounts |
|---|---|---|---|
| Income Statement | |||
| Turnover | 1.41m | 2.37m | 1.51m |
| Gross Profit Percentage | 60.4% | 63.7% | 36.3% |
| Operating Profit | 38k | 128k | (172k) |
| Statement of Financial Position | |||
| Fixed Assets | 118k | 417k | 608k |
| Current Assets | 419k | 721k | 838k |
| Net Assets | 6k | 128k | (53k) |
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 Thursday 5th January 2023, 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:
Adam Horan
KBL Advisory Limited
Tel: 0161 637 8100
Email: Adam@kbl-advisory.com
Further details to be provided upon completion of a standard non-disclosure agreement.