Acquisition Opportunity: Engineering Services Business
Wed 18 Sep 2019
Mazars LLP are assisting in the marketing of an engineering services business specialising in educational technology and marine hydrodynamic research.
Key selling points
- Existing UK and international client base with a Marine order book of c. £400k and an educational order book of c. £1.1m.
- The company is contracted in relation to a number of large scale ongoing projects of which one is anticipated to generate significant profits. In addition, the company has the benefit of a profitable maintenance / spares contract to January 2020 which has the potential to be extended for a further two years.
- In relation to the current large scale projects, future revenue is £14.8m and £607k in relation to the service / spares contract.
- Key customers are overseas including both government organisations and universities with 90% of sales being for export, mainly outside the EU.
- Experienced and skilled workforce.
- Global network of experienced agents.
Financial Highlights
The company’s management information details turnover of £4.44m and EBITDA of £50k, with management information for the previous two years detailing turnover of £3.33m – 2018, £3.44m – 2017; EBITDA (£978K) – 2018 and (£494K) – 2017.
Detail
This UK based engineering business specialises in educational technology and marine hydrodynamic research.
The business operates two main divisions:
Engineering
- Manufactures educational technology supplying mechanical engineering and research equipment for universities and technical institutes; and
- Undertakes turnkey projects for the design, supply, installation and commissioning of laboratories.
Marine
- Designs and manufactures specialised dynamometry and instrumentation plus test facilities for marine hydrodynamic research (e.g. hull designs, propulsion systems and sea-keeping characteristics).
The business has a strong skill set in the niche area of marine hydrodynamics complimented by a longstanding world recognised established brand name in the educational technology sector.
Contact
Interest is invited in relation to the shares or business and assets, with further information available subject to a non-disclosure agreement. Should you wish to receive further information on the opportunity, please contact Joanna Siu in the Manchester office at Joanna.siu@mazars.co.uk.
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