Acquisition Opportunity – Project Transform
Fourth generation professional auctioneers and valuers
The opportunity to acquire the business and / or assets of a company which specialises in manufacturing, installation and maintenance of bespoke industrial systems.
Overview
Project Transform is a well-established manufacturing company based in West Midlands, whose main service line is designing and developing industrial solutions in a niche sector, tailored to each customer structured to solve industrial handling challenges.
Project Transform operate on a contract basis, assisting customers from start to finish with designing, manufacturing, installing and maintaining their industrial systems. Project Transform have built longstanding partnerships within the industry due to their commercial approach, accredited by multiple industry honours and their reputation within the sector.
Project Transform’s customers range from large blue chip to medium and small private companies.
Currently the Company has live contracts generating recurring revenue. Project Transform’s involvement on each project begins with conception right through to ongoing maintenance ensuring the process on site is seamless for the customer.
Key features
- Turnover of £1.4m in the year to 31 January 2024
- Experienced workforce comprising 10 members of staff
- Operates from leasehold premises in West Midlands
Assets for sale
- Goodwill
- Work-In-Progress
- Tangible assets comprising plant and machinery, office equipment, motor vehicles, and fixtures and fittings
- Stock
- Order book, Ongoing Contracts and Customer List
- Website, Intellectual Property
Summary financial information
| £’000 | FY21 Statutory Accounts | FY22 Statutory Accounts | FY24 Management Accounts |
|---|---|---|---|
| Income Statement | |||
| Turnover | 596 | 1,414 | 1,429 |
| Gross Profit | 339 | 776 | 735 |
| Net Profit / (Loss) | 7 | (9) | (15) |
| Statement of Financial Position | |||
| Fixed Assets | 23 | 22 | 30 |
| Current Assets | 670 | 733 | 401 |
| Net Assets | 348 | 340 | 167 |
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 Monday 15th 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:
Cherry Yau / Julie Webster
KBL Advisory Limited
Tel: 0161 637 8100
Email: cherry.yau@kbl-advisory.com / julie@kbl-advisory.com