Established Land Based And Marine Drilling Contractors For Sale

Business description

HISTORY

• Established by vendor in 1980
• Specialist knowledge in drilling developed
• Broad customer base nurtured
• Substantial inventory of specialist equipment acquired
• Now a point of contact and advice within the industry

SERVICES

• Drilling of wells for agricultural industry and for drinking water
• Diamond drilling to customer requirements
• Strata investigative work
• Marine drilling to customer specifications
• Advice and guidance to client base

CUSTOMERS

• Based within the UK and Europe
• Environment Agency
• MoD (appropriate security clearances held)
• House builders
• Offshore industry
• Other drilling contractors

SUPPLIERS

• Variety of industry sources for capital equipment and consumables

FINANCIALS

Turnover
2010 £97,348
2009 £101,906

Gross Profit
2010 £43,758
2009 £47,213

OVERHEADS

Gas/Electric £751

PREMISES

• A modern industrial unit on a large industrial estate in Kent
• Accommodation comprises office, warehouse, yard, and storage area to side
• Alarmed and secure

EQUIPMENT

• A very substantial quantity of specialist drilling equipment including:
• 5 drilling rigs -
Dando 800 water well
Hands England rotary
Dando 150 and Auger rotary
Dando 175 with hydraulics
Dando 150 low headroom
• Substantial quantity of drilling equipment
• Large quantity of sampling equipment
• Rotary drilling equipment
• Water pumps
• Site ancillaries
• 2 Land Rovers
• Ford Transit Tipper
• Land Rover Discovery
• Bedford 4x4
• Ford Cargo (twin axle)
• Workshop equipment including welders, compressors and sundry tools
• Full set of UK geological maps
• A full inventory is available upon request
• Much of the tooling is specialist and hard to source

STRENGTHS

• Substantial quantity of capital equipment including 5 drilling rigs
• Excellent reputation within the industry
• Fully re-locatable
• Superb client base with ongoing order book

VIEWINGS

• A non disclosure agreement will have to be signed and returned prior to any further information and viewing.

Please click on the Contact Seller button below for further information.


DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).

An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises.

Property information

Property:

Leasehold

Lease terms:

• The vendor owns the freehold and would be happy to grant a lease to suit

Location:

• Trading from traditional industrial estate in Kent
• Close to motorway network with excellent links to London and coast
• Fully re-locatable within the south of England
• Freehold possibly available by separate negotiation

Premises details:

• A modern industrial unit on a large industrial estate in Kent
• Accommodation comprises office, warehouse, yard, and storage area to side
• Alarmed and secure

Business Operation

Expansion potential:

• Considerable opportunity to expand turnover
• Capital equipment currently significantly under utilised
• Opportunity to extend work beyond the south east of England
• Development of services allied to core drilling operation

Reasons for selling:

• Retirement • Vendor would be delighted to assist with handover or work on a part time consultancy basis if required

Trading hours:

• As contracts dictate

Employees:

• Run by vendor and wife

Years established:

30

Other information

Support & training:

• Vendor would be delighted to assist with handover or work on a part time consultancy basis if required

Relocatable:

This business can be relocated.