Sold. Facilities Maintenance, Electro-mechanical, Cnc Engineering, Fabrication, Refurbishment And Breakdow

Facilities Maintenance, Electro-mechanical, CNC Engineering, Fabrication, Refurbishment and Breakdown Services
ISO9001/ 14001 2004Safe Contractor/Altius Elite Vendor
Ref.IH036
Location Greater Manchester
Asking Price GBP 1,000,000
This very successful and dynamic business can best be described as a turnkey engineering services provider offering full 24/7 repair, maintenance and service facilities to its customers. on both an onsite and off-site basis. It is a multi-skilled and multi-faceted operation that has the internal skills and capabilities to service a diverse range of engineering disciplines on both a large and small scale including:

Electrical
Mechanical
Hydraulic & Pneumatic
Electronic
Fabrication
Machining services including CNC repairs, refurbishment and installation

The company provides its clients with a comprehensive range of planned, reactive and emergency electro-mechanical services, mainly throughout the North West of England. Scope or works also includes ongoing monitoring, sampling and analysis to maximise plant efficiency, reliability and longevity.

The business is enjoying good growth at time of going to market and this trend is expected to continue as it secures ongoing lucrative long term labour, maintenance and supply contracts with its blue chip customers. The business serves many market sectors including aerospace, automotive, chemical, pharmaceutical, food and beverage, packaging, utilities, plant hire, logistics and leisure.

The company has built a sterling reputation through its ability to provide a complete turnkey solution to its customers. All engineers are truly multi-skilled and can resolve call-outs quickly, reliably and cost effectively, most of the time in one single site visit. The business is building long standing relationships with key organisations throughout the North West, many of whom are large blue chip companies.

Expansion Potential
The business currently operates on a regional scale (North West) and whilst it currently services some 150 regular customers there is huge scope for expansion as it has another 500 live customers who represent significant future potential. The business is seeing strong demand at time of going to market and is in negotiations with a new customer to secure a significant contract that will run for several years, further boosting the already impressive profit margins moving forward.

The UK engineering and manufacturing sectors are also enjoying a bit of a renaissance at this time so the outlook for this business is positive, particularly as many private organisations and public sector bodies are outsourcing their planned and reactive maintenance functions, due to increasing legislation and health and safety requirements.

With a more proactive sales and marketing function a new owner could significantly increase revenues and turnover within the business, both with existing and new clients. The vendors are currently starting to develop this opportunity having recently appointed an experienced sales representative whom is already generating new sales. This bodes well for the new owner.

Market / Competition / Non-Competition Agreements
The business enjoys high levels of repeat business, word of mouth recommendations and referrals. It has employed the services of an external telemarketing company in the past to generate leads and this has been highly successful. This could be ramped up further should a new owner wish. The company also has a highly informative website.