Businesses for Sale

Construction/Excavation/Bulk Haulage


Business Opportunity – Construction/Excavation/Bulk Haulage

We are instructed to seek indicative offers for the assets, goodwill and Intellectual Property Rights of a Northwest based company, which specialises in bulk haulage, excavation, and related construction activities.

The company operate from two leasehold yards, one of which includes the head office, and ceased trading on 20th March 2020 as a result of COVID-19.

The company only has five staff – all the other operatives were self-employed subcontractors.

The company holds 15 operator national transport licences and an EA permit for non-hazardous recycling at one of its yards.

There are a number of regular clients, but no actual contracts or guarantees of future work as such.

The assets comprise

a)      Materials – 1,800 tons of topsoil, 400 tons of material awaiting processing, 700 tons of engineering clay.

b)      Small tools and equipment.

c)      6 off LCVs plus 1 off FLT.

d)      A range of bulk tipping vehicles, excavators and other heavy plant, all of which is subject to finance agreements which primarily have negative equity. Furthermore, it is understood that payments of the majority of the agreements are circa three – four months in arrears.

Turnover has been running at approximately £3m per annum, but for the 12 months to February 2020, this produced a loss of circa £170,000.

Indicative offers are invited which must be accompanied by proof of funding and must be received by email no later than noon on Friday, 1st May 2020, to be addressed to David W Kay:   david@robsonkay.co.uk

 

CLICK ON THE LINK BELOW TO 'DOWNLOAD CATALOGUE' FOR UNENCUMBERED PHYSICAL ASSET LISTING

 


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