Thu 12 Sep 2019
Mazars LLP are assisting in the marketing of an engineering services business specialising in integrated valve actuation packages as well as stand-alone equipment.
Key selling points
Financial Highlights
The company’s latest draft accounts to March 2019 detail turnover of £2.07m, with filed accounts for the previous three years detailing turnover of £2.48m – 2018, £2.53m – 2017 and 1.41m – 2016; EBITDA £104k – 2018, (£171k) – 2017 and (£138k) – 2016.
Detail
The company was established over 20 years ago and specialises in total valve automation solutions, operating from leasehold premises in the East of England and benefiting from a presence in the Middle East.
It supplies pneumatic, hydraulic, electric, solar powered and gas operated valve actuators which are suitable for heavy duty applications such as gas transmission systems, on and offshore oil and gas production facilities, land and sub-sea export and import pipe lines.
The business provides supply and installation, commissioning and full after-sales service for its products in many prestigious engineering contracts supporting some of the world’s leading companies in the offshore, oil, gas, processing and chemical sectors.
The UK leasehold premises represents a single point responsibility facility with all commissioning and integrity testing completed prior to shipping. As part of the single point responsibility, the company produces all of the necessary technical data including full assembly drawings, parts lists, quality plans and spare requirements reducing client projects costs significantly as well as ensuring that any service requirement is resolved effectively and efficiently.
The business currently employs 12 staff members, including a sales manager and project engineer in India to assist with serving its Middle East clients.
Fixed assets include office equipment, plant and machinery (including an overhead crane) and leasehold property improvements.
Contact
Interest is invited for the purchase of the business, with further information available subject to a non-disclosure agreement. Should you wish to receive further information on the opportunity, please contact Victoria Stewart in the Manchester office at Victoria.Stewart@mazars.co.uk.
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