M & E Contractors

SORRY THIS BUSINESS HAS ALREADY BEEN SOLD

Business Opportunity - M & E Contractors

M & E Contractor: Total Business Assets for Sale

Business Opportunity – M & E Contractors

We are instructed to seek offers for the assets and goodwill/IPR of a company specialising in the design and installation of electrical and mechanical installations for residential, commercial and retail projects.

Turnover and profit/loss

15 months to March 2021: turnover circa £4m, loss circa £200,000.

12 months to March 2022: turnover circa £3m, loss circa £120,000.

3½ months from 1st April 2023 to 13th July 2023: circa £200,000, loss circa £450,000.

There is no order book.

The work-in-progress involves 9 contracts which are in various stages of completion, and the total outstanding work over the 9 contracts totals circa £450,000 – it is anticipated that the contracts will not be transferable without the permission of the clients.

The domain/website is understood to be under the ownership/control of a third party.

The only tangible assets are:

a) 2 off vehicles both subject to finance

b) A very small amount of IT equipment

c) Copier printers and a plotter all subject to lease rental arrangements

The company operates from serviced offices in the South of England and all the furniture is the property of the serviced office – average number of employees circa 40 – 50.

At this stage we are seeking indicative offers from principals only for any such rights the company may have to the goodwill/work-in-progress/IPR/tangible assets. Indicative offers (which are non-binding) should be accompanied by proof of funding.

It is anticipated that in due course non-disclosure agreements will be sent to appropriate parties.

Please note that the book debts would not be included, although interested parties should be aware that the bulk of the book debts are either disputed or the customers do not have the ability/funds to pay.

Indicative offers should be submitted in writing only to:

Mr David W Kay FNAVA MABRP

Robson Kay Associates Ltd

Tilson Road

Manchester

M23 9GF

Email: david@robsonkay.co.uk

to be received no later than 12 noon on Thursday 27th July 2023.

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