Project Switch – Electrical contractors and control system engineering business
Fourth generation professional auctioneers and valuers
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
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.