Project Switch – Electrical contractors and control system engineering business

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BUSINESS FOR SALE – PROJECT SWITCH

An opportunity to purchase the business and assets of an established electrical contractors and control system engineering business.

OVERVIEW OF BUSINESS

  • The business offers a complete project services from the design, build installation and commissioning.
  • Established business having traded for 25 years
  • Trades from leasehold located in central England.
  • 17 Members of staff which includes the Company’s directors
  • Significant investment in company operating practises
  • Members of various trade associations.
  • Operates under various ISO quality assurance standards

 

FINANCIAL INFORMATION

Year Ended 31 December 2019

Turnover                         circa   £ 1,950,000

Net Profit                       circa    £  (116,500)

Year Ended 31 December 2018        

Turnover                        circa   £ 2,400,000

Net Profit                       circa    £      16,000

 

ASSETS INCLUDE

  • Goodwill
  • Unencumbered Plant & Machinery
  • Office Furniture & IT Equipment
  • Motor Vehicles
  • Stock
  • IPR incl Domain name
  • Any interest in encumbered and leased vehicles and equipment

Interested parties will be required to sign a non– disclosure agreement to receive further information.

Please complete the form below to receive the NDA.

 

 

OVERVIEW OF BUSINESS

  • The business offers a complete project services from the design, build installation and commissioning.
  • Established business having traded for 25 years
  • Trades from leasehold located in central England.
  • 17 Members of staff which includes the Company’s directors
  • Significant investment in company operating practises
  • Members of various trade associations.
  • Operates under various ISO quality assurance standards

Following receipt of a completed NDA, the following documents will be provided:

  • Copies of accounts for Y/e 2018 and 2019
  • Profile of staff
  • Copies of property lease
  • Schedule of assets, including identification of encumbrances or third party ownership
  • Copies of equipment vehicle finance or lease agreements
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EXPRESSIONS OF INTEREST

Interested parties are requested to specifically register their interest and interact with Mark Isaacs FRICS at JPS Chartered Surveyors , who are acting as agents on behalf of the proposed Administrators.

All offers must be received by 12.00pm Monday 28 June and be able to complete within 5 working days.