Acquisition Opportunity – Project Spark
Fourth generation professional auctioneers and valuers
The opportunity to acquire the business and / or assets of a company which provides electrical and mechanical maintenance services and facilities management contracting.
Overview
Project Spark is a professional, electrical and mechanical maintenance and facilities
management contracting company with a reputation for providing safe and
compliant design, installation, commissioning, maintenance and testing services to
industrial, commercial and municipal customers across the United Kingdom.
The Company’s in-house capabilities extend to installation and maintenance of high
voltage electrical switchgear and transformers, capital equipment repair and
commissioning.
Project Spark operates in multiple sectors including manufacturing, construction,
service, education, leisure and hospitality.
Key features
- Turnover of £1.35m in the year to 30 June 2022.
- Established customer relationships across the United Kingdom
- Strong history of public sector tender work (including the Ministry of Defence, the Highways Agency, local councils and the emergency services)
- Experienced workforce comprising 19 members of staff and two directors.
- Leased premises in North Wales.
Assets for sale
- Goodwill
- Tangible assets (comprising plant and machinery, fixtures and fittings, computer equipment, and motor vehicles)
- Stock (fast turnover consumables)
- Order book, ongoing contracts and customer list
- Website
Summary financial information
| £’000 | FY21 Actual | FY22 Draft |
|---|---|---|
| Income Statement | ||
| Turnover | 1,138 | 1,346 |
| Gross Profit Percentage | 35.1% | 36.7% |
| EBITDA | 85 | 125 |
| Statement of Financial Position | ||
| FIxed Assets | 87 | 123 |
| Current Assets | 726 | 767 |
| Net Assets | 3 | 6 |
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 28 October 2022, 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 information can be obtained from KBL Advisory on completion of a standard
non-disclosure agreement.