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Fire Protection and electrical systems specialist – offering almost all Fire Protection and Electrical Services to the Domestic, Commercial, Industrial and Retail sectors.
Asking price: £650,000
Business highlights include:
2019 Turnover: £1.283m
2019 Profit: £284,000
2020 (Covid affected) Turnover £789,693
2020 (Covid affected) Profit £148,870
2021 Monthly Turnover c£57,000
2021 Monthly Profit c£12,750
Annualised Profit £153,000 after all costs
Net Assets £87,188
Turner Butler has been appointed to invite offers of purchase for 100% of the Issued Share Capital of a leading fire and electrical systems specialist – offering a complete range of Domestic, Commercial & Industrial Fire Protection and Electrical Services including:
Domestic Commercial / Industrial
24/7 Call Out Service
Installation, Repair & Maintenance.
Inspection, Testing & Certification.
Security Alarms & CCTV.
TV, Satellite, Phone & Data Points.
External Garden Lighting & Power
24/7 Call Out Service
Design & Build Electrical Installation Services
Design & Build Fire Alarm System Installation
Design & Build Emergency Lighting Systems
Electrical Inspections, Testing & Reports
Data Wiring Systems
Project Management / Service Management / Complete Site Services
The Company has the following key attributes:
• High levels of recurring revenue – circa £400k per annum.
• Extensive customer base across residential, commercial, industrial and retail businesses: 68 contracts.
• Nationwide coverage.
• Long established sub-contractor relationships.
• Long standing managemnet team
• Run under management
• Small workforce
• Very well established – highly respected within the industry.
• Accreditations include,
*Member of the British Fire Consortium.
*NICEIC Approved Contractor Scheme
*NICEIC Domestic Installer Scheme.
*NICEIC Approved to provide Electrical Safety Inspections to the Private Rental Sector.
*Health & Safety Chas accreditation
• Highly skilled, expert and trained staff.
• Complete turnkey operation.
The Company provides an acquirer with:
• An excellent bolt on for a business already operating within the fire, electrical & security systems sector.
• An ideal starter business for anyone looking to establish a foothold within the fire, electrical and security systems sector.
For the financial year ended 31st December 2019, the business achieved a turnover of £1,283,000 with an adjusted profit before a single owner’s drawings of c£284,000.
Of that turnover some £1.05m was derived from commercial customers.
In 2020 despite Covid restrictions and lockdown the Company achieved a turnover of £789,693 and a profit before drawings of £148,870.
In January 2021 the vendor appointed a managing director to replace him and the Company is currently averaging a monthly turnover of c£57,000 and an annualised profit of £153,000 after all costs.
Offers are now invited for a sale of 100% of the Issued Share Capital of the Limited company based on a Balance Sheet value of £87,188 with a £ for £ adjustment to the final sale price to reflect any movement away from this benchmark figure.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.