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Finance And Services:

Business For Sale. One Of The Uk’s Most Established Renewable Energy Companies Manufacturing In The Uk Since 1978

LISTING DETAILS
Firms For Sale ID:
35113
Vendor reference:
GJ035
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£2,000,000  
Turnover / revenue:
£4,400,000
Net profit / cashflow:
Undisclosed
Years established:
42
Number of employees:
21
Employees / staffing:
The Company employs 21 x full-time staff, excluding the directors, who are all highly knowledgeable and experienced in their respective roles. The Directors are generally responsible for overseeing the financial and technical aspects of the Company and are confident that these roles could easily be absorbed within a larger organisation post-completion and a replacement salary has been deducted, as one of the adjustments to the adjusted EBITDA figure given here. Staff turnover is low, with the average length of service being >10 years. The Group operates a culture of profit related pay to incentivise its employees.

OTHER DETAILS
Reason for selling:
The Directors wish to retire.
Support and training:
The vendor would be happy to remain with the Company to provide training for an agreed handover period.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
Since 1993, the Group has operated from c.13, 000 sq. ft., which comprises a manufacturing facility, warehouse, test site, showroom and office space. Also on site is a separate machine shop facility of c.2, 000 sq. ft and adjacent to the main premises is a warehouse facility of c.5, 000 sq. ft. These properties are owned by the three Directors and their current market value is estimated to be £1,200,000. This could be sold by separate negotiation if required.
 
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BUSINESS DESCRIPTION
One of the UK’s Most Established Renewable Energy Companies
Manufacturing in the UK since 1978
Ref. GJ035
Location : Northamptonshire
Asking Price : £2,000,000
Turnover : £4,400,000
Net Profit : Undeclared
Gross Profit : £1,400,000
EBITDA : £425,000
Net Asset : £515,000

Founded in 1978, the Company is a very well established renewable energy business and has been a pioneer in the industry, and almost uniquely, consistently and successfully responded to the variable market conditions that surround a nascent industry.

The Company’s proprietary brand of micro wind turbines is renowned worldwide, most prominently in the marine sector. Powerful, reliable and robust where other products fall short, the brand name is respected by many organisations including British Antarctic Survey, Highways England, Network Rail and many others. Sales exceed 100,000 units.

Taking advantage of market opportunities, the Company, via a separate but exclusively related entity, developed and brought to market another proprietary product which enables customers with installed micro generation equipment such as solar panels to automatically consume the excess energy that these devices generate thus allowing customers to take advantage of their energy production savings, by:

– reducing the cost of domestic water heating

– reducing boiler use

– maximising use of solar energy generated at a customer’s property.

Expansion Potential
This provides the opportunity for a potential purchaser to acquire a pioneering, profitable and innovative company with exemplary credentials and reputation within the renewable energy sector.

Market / Competition / Non-Competition Agreements
The Company has a sales and marketing team with 3 senior operators having more than 10 years with the company and 4 between 1-14 years. Current activity is centred on overseas territories. The team is incentivised via a Profit Related bonus scheme.

The Company enhances its reputation overseas by attending international exhibitions, which are a key meeting place for existing customers, lead generation, market intelligence and networking opportunities. The Company exhibits at significant industry trade shows and exhibitions.