Precision Toolmaker

SORRY THIS BUSINESS HAS ALREADY BEEN SOLD

Business Opportunity - Precision Toolmaker

We are instructed to seek expressions of interest in a North West based precision toolmaker.

We are instructed to seek expressions of interest in a North West based precision toolmaker.

Employees circa 25

Turnover 1.5 million/2 million

WIP/work-in-progress – there is currently circa £43,000 of work-in-progress (constantly changing) – almost all WIP relates to labour only on customer equipment or customer materials. There is an order book of circa £300,000, which is predominantly labour only and much of it is on hold and/or awaiting confirmation or similar.

The company operates from Leasehold premises with an occupational Lease due for renewal at the end of 2024 and the rent in the region of £50,000 per annum.

Interested parties should note that the majority of the significant items of plant and machinery are subject to three separate Finance Agreements, one of which has significant negative equity.

At this stage we are instructed to seek expressions of interest (from principals ONLY) which should be sent, together with proof of funding to David W Kay – david@robsonkay.co.uk

It is anticipated that appropriate parties will, in due course, be sent a non-disclosure agreement, following which additional information will be released


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