Engineering Services


Business Opportunity - Engineering Services

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
£20,000 per annum (lease has 2.5 years to run, but there is a rent review due in November 2022)
Number of regular customers: 
Currently circa 25
Average transaction value: 
Circa £3,000
Order book/WIP:
 Circa £25,000
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:

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.

Extra Images