Rectification And Garment Processing Services For Sale

Business description

Rectification and garment processing services provider to the clothing industry

Turner Butler has been appointed to invite offers for purchase of 100% of the shares in a Limited Company specialising in rectification and garment processing services.

Key strengths:

The Company has the following key attributes:

• widely recognised as one of the best, if not the best, operator in its sector
• blue chip Client base including major supermarket chains, mail order companies, fashion and sportswear retailers
• strong on-going Client relationships
• strong second tier of management
• loyal hard working staff with high levels of technical ability
• purpose designed premises.

The Company provides an acquirer with:

• a very well established, profitable business which has performed consistently well throughout its many years of operation
• a business with all the systems, processes and equipment in place and the capacity to grow significantly over the next few years.

With over £300,000 spent annually on transport costs, the business will be particularly attractive to an operator within the freight/logistics sector.

Financial performance:

For the financial year ending June 2011, the business achieved a turnover of approximately £3.385m, generating a gross profit of approximately £1,158,000 and a pre-tax net operating profit of £203,000.

As at the end of September 2011, the Balance Sheet, adjusted to take into account the value of Goodwill, stood at £568,643.