Sold. Manufacturer & Fabricator Of Mild Steel, Stainless Steel And Aluminium Components And Structures

Manufacturer & Fabricator of Mild Steel, Stainless Steel and Aluminium Components and Structures
Ref.IS040
Location Lincolnshire
Asking Price £ 149,950
This is the perfect opportunity for someone to acquire a well established fabricating business manufacturing a wide and diverse range of components and structures in mild steel, stainless steel and aluminium. Clients include, commercial vehicle, agricultural, railway and general manufacturing companies, plus they obtain a tremendous amount of work from the local RAF base including work from additional bases within the county and surrounding areas.

This is the only fabricator in the local town and there is little competition in the nearby area. There is an infrastructure in place that allows the business to work on medium and large sized jobs, including the strengthening of air craft hangers, whilst never turning away small, yet profitable jobs such as prototypes and product development work. They pride themselves on their ability to turn their hand to virtually anything that their clients request, with a willingness and flexibility to get the job done!

The business is located in rural Lincolnshire and operates from first class leasehold premises that are fully equipped with a wide range of machinery and equipment and with a CAD design system in place. A small team of full time and part time fabricators work within the business with the factory manager having the ability to run the workshop in the owners absence.

With the exception of 2010, (when the business has had to quote agressively to maintain its work level), the business has consistently made good profits. However, there is again more work in progress for the current period, all with profitable margins, ensuring the future once again looks healthy. The owner is forecasting a return to profits during the current year

Expansion Potential
The owner has been happy and content with the amount of business coming in and did not see any need to either market the services or to seek new work from their existing customer database.

New owners would have a number of opportunities to grow the business, attracting new markets and seeking work from the excellent existing database of customers including the large agricultural industry within the area.

There is however one major opportunity which the owner has not secured, which is to be listed as an approved supplier to the numerous RAF bases in the area. The company have a direct contact to achieve this listing having completed work on each of the bases. Being on the approved list could improve the number of tenders that are accepted