Businesses for Sale

Engineering Services


We are instructed to seek expressions of interest/indicative offers for the assets and goodwill of a North West based company which provides general engineering services including custom machining and manufacturing.

 

The company operates from a small leasehold industrial unit with an arm’s length commercial lease, with an appropriate range of older style metalworking machinery – PLEASE NOTE almost all the machinery is subject to a finance agreement in which there is negative equity.

 

Turnover for 12 months to February 2022:              Circa £250,000

Profit/loss for 12 months to February 2022:            Loss of £92,000

Rent:                                                                       £20,000 per annum (lease has 2.5 years to run, but there is a rent review due in November 2022)


Employees:                                                              4

Number of regular customers:                                 Currently circa 25

Average transaction value:                                      Circa £3,000

Order book/WIP:                                                      Circa £25,000

Vehicles:                                                                   2 commercial vehicles, both on rental agreements

 

Drawings and paperwork of parts custom-made for clients historically produces approximately 10% of the turnover.

 

Unencumbered assets comprise:

 

a)                Forklift truck, compressor and tooling to be used with the third party machines, plus 1 off welder.

b)                  Appropriate office furniture and equipment.

c)                  Nominal quantities of stock – stock is purchased against requirements for specific orders.

 

At this stage, we are instructed to seek indicative offers, which are non-binding, together with proof of funding, to be forwarded in writing no later than noon on Monday, 21st February 2022 to

 

                David W Kay:      david@robsonkay.co.uk

 

Parties making indicative offers at an acceptable level and supplying proof of funding, will in due course be asked to sign an NDA and be provided with additional information – no further information is available at this stage.


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