Plastic Injection Moulding Business In Fife For Sale

Business description

Plastic Injection Moulding and Soft Toolmaking Company

This business was founded in 1990 by the Vendor after he identified a niche in the plastic injection moulding market and has since gone on to become the leading provider of bespoke solutions. With a reputation for the quality of its products, flexibility and speed of of service, reliability and competitive pricing, the businesses continues to grow year on year. The business operates from a prime location in Fife, Scotland, just north of Edinburgh in a small coastal town. It has established itself as one of the UK’s leading independent plastic injection moulding and soft toolmaking companies. Many current customers have been loyal to the business since the very beginning and this has been due in no small part to the business’s competitive prices, quality products, first class service and attention to detail. The business is also able to provide small batch solutions as the tools are made from aluminium which helps keep the costs down.The business has always believed in the pursuit of excellence, keeping up to date with technology, constantly reviewing and updating its service commitment and its methods of business, ensuring that valued customers receive the very best service and quality of product.

The business has shown itself to be resilient in the face of economic forces and has maintained strong and incremental growth over its 23 years of trading. No small part in the ability of this business to grow and sustain its profitability is due to the quality of its people. The business has a strong commitment to the development and welfare of its staff; which has contributed, alongside investment in technology, to the excellent profitability of the business and its current position as it is poised to exploit expected and significant new growth in turnover.

Equipment:

The business utilises a total of 14 moulding machines, all in house and has press capacities ranging from 18 tonnes to 260 tonnes.

Customer Service:

The business manages several hundred customers and has the systems, processes and people to ensure that both productivity and customers’ orders are satisfied. The most important aspect of customer management and satisfaction considered by the business is honesty and is responsible for the business retaining many customers and the reputation for which has led to the acquisition of many new customers.
High quality service, with flexibility, honesty, reliability and good value, every order request is important and customers always come first. The result is self evident in the business’s sustained level of repeat business.

Key Strengths:

The business is quickly becoming an autonomous organisation where the business owner is, over time developing and nurturing a management team capable of overseeing business operations effectively, reducing the need for constant or daily input from the vendor. This has resulted in customer relations founded on a history of trading satisfaction and not contingent upon the presence of the vendor.

The business is well established and very profitable, with a loyal and growing customer base, retaining a high level of repeat business, particularly among a number of customers returning on a regular basis and having done so for many years.
The company has earned an outstanding reputation for its professionalism, service, reliability, flexibility, efficient order fulfilment and a willingness to help.

Key Opportunities:

This is an outstanding opportunity to build on the existing services and customer base of this company. With a strong demand for services combined with a capacity to increase turnover, a new owner contributing fresh ideas and investment in resources and marketing will have every advantage of building on an excellent platform.

This firm maintains an extensive base of satisfied customers, who appreciate the company’s superior services and flexible approach.

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler. The business is financially stable with no borrowings, low overheads, positive cash flow, high gross and high net profit and has shown consistent growth over 23 years trading. Sales revenue exceeds £575,000 per annum and the vendor feels that with investment in sales and marketing combined with the expected increase in market demand the business could dramatically increase its revenues.

Property information

Property:

Leasehold

Location:

The business is located in an easily accessible area in Fife, Scotland and operates from a circa 7,500 square foot area including manufacturing and storage space, facilities and administrative offices. There is also substantial private parking and level loading area. The premises are well appointed and represent the professional qualities and service the company has built its reputation upon. The vendor owns the freehold and is prepared to grant a new full repairing and insuring lease on terms to be agreed, or the freehold is available by separate negotiation.

Business Operation

Expansion potential:

The vendor has restricted the amount of work the company currently completes to a level he was comfortable with. The current market for this business’s services is growing and is forecast in the near and longer term for significant growth. The business is well positioned to take maximum advantage of this growth as it occurs and has the physical infrastructure to take the extra work in its stride.

Competition / Market:

The business has used little advertising in the past and there are excellent opportunities to increase this and market the business more aggressively to significantly increase turnover. A high proportion of the business's revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation.

Reasons for selling:

Having spent the last 23 years developing the business - and on the wrong side of 65 - the Owner and his wife now seek to retire. The owner also recognises that the business could grow significantly by the influx of marketing skills.

Trading hours:

The operating hours are 8.00am to 4.00pm Monday to Thursday and 8.00am to 2.00pm on Fridays. There is further scope to increase this or introduce shifts.

Employees:

12FT/1PT

Years established:

1990

Other information

Support & training:

The current owner will provide all necessary training and all relevant contacts to allow continuity of trading.