Total of 18659 firms and businesses for sale today Sunday 19th May 2024
Sold. Light Engineering Company Provides Services Including Fabrication, Welding, Cnc, Welding, Machining
LISTING DETAILS
Firms For Sale ID:
8045
Vendor reference:
IH022
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£530,000
Turnover / revenue:
£1,100,000
Net profit / cashflow:
Undisclosed
Years established:
28
Number of employees:
20
OTHER DETAILS
Reason for selling:
This is a balance exit strategy. One director is of retirement age with the managing director being willing to stay with the business for an agreed period if required.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The leasehold buildings consist of four offices, one conferece room, two fabrication shops, one workshop and machine shop, toilets and kitchen facilities.
BUSINESS DESCRIPTION
Light Engineering Company Provides Services including Fabrication, Welding, CNC, Welding, Machining and Site Services.
Ref.IH022
Location South West Wales
Asking Price £ 530,000
The company was established in 1982 and was subject to a management buy out by the existing directors in 2000.
Acting as a sub contractor it carries out a full range of in house engineering services that include fabrication, welding, CNC and conventional turning, milling, horizontal boring and drilling using general and stainless steel and aluminium.
Projects with individual sections of up to ten tons in capacity are undertaken and completed by the workforce of skilled and semi skilled operatives. They also offer site services for installation and construction of steel work providing labour, materials and all equipment.
All personnel working on site have Passport to Safety cards and are well versed in working to CDM regulations.
The business has a core client base of around twenty-five clients some of whom are the largest blue chip companies in the UK. The vast majority of the turnover is generated and completed within a thirty miles of the operations base in South West Wales.