Bulk Earthworks Site Clearance Reclamation Specialist For Sale

Business description

Bulk Earthworks, Site Clearance, Reclamation, Hard & Soft Landscaping and Flood Alleviation Specialist

The sale of this business represents a rare opportunity to acquire an extremely well organised and highly profitable business which has found a lucrative sector of the groundworks/earthworks market. The business was established over three years ago and has specialised in enviromental work earning an excellent name and reputation for their honesty, experience and reliability in their field. They have worked on a number of high profile contracts including, wind farms, river clean ups, minewater discharges and the contruction of a new river channel.

The company obtain a high proportion of repeat work from their clients and are approved contractors to a number of major construction companies plus county councils and local highways agencies.

The owners have invested in their staff and they are all trained to a high standard. They are happy that with such a strong management team in place the business runs smoothly whilst they are away at any time during the year. Site managers and supervisors have a minimum ten years experience in the construction industry and all hold a minimum requirement of CSCS/CPCS qualifications, with site managers SMSTS qualified and an in-house IOSH health and safety co-ordinator. The company are registered with CITB, CHAS and Construction Line plus they have the Investors in People accreditation. The company are working towards ISO 9001 and 14001 (environmental) and should be certified by the end of 2010.

The business has grown dramatically during the past two years with turnover more than doubling in the past six months. The company at present has circa six months work in progress with no sign of the work slowing down. With environmental work being at the forefront of peoples minds and wind farms becoming more and more popular, the forecast for the company is excellent with double digit growth expected over the next twelve months.

This is a highly profitable business with low overheads and a growing order book. They expect to have more than doubled turnover and trebled profits during the current year (ending November) and the forecast is for double digit growth in the next financial year. New owners would be in a perfect position to take advantage of the format that the current vendors have worked with and expand the business further in what is a growing market sector.

Key Strengths:

• Well established business with first class name and reputation
• Specialising in environmental earthworks, ground works and earth remediation
• Growing sector of the construction industry – Wind Farms
• Skilled and highly trained management team
• Continuous work in progress with referrals and testimonials
• Regular, repeat business from a Blue Chip customer database – approved contractor
• CITB, CHAS, & Construction Line registered
• Investors in People accreditation
• Re Locatable Business
• Highly profitable with low overheads
• Market forecast for further growth

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 company has forecasted turnover of circa £2,500,000 for the current year with forecasted operating profits of circa £650,000 for the current year. Turnover for the first six months of the year was circa £1,781,000 with circa six months work in progress.

Property information

Property:

Leasehold

Lease terms:

Their rent is circa £3,000 per annum with rates of circa £500 per annum. They have a rolling lease period of six months.

Location:

The company is based in small leasehold offices, kitchenette and toilets in North Yorkshire. Their rent is circa £3,000 per annum with rates of circa £500 per annum. They have a rolling lease period of six months. The business is totally relocatable anywhere within the UK.

Business Operation

Expansion potential:

The market forecast for environmental projects including the implementation of new wind farms around the UK is for rapid growth in the foreseeable future. The company have developed a niche for themselves in this market and with their experience and knowledge they have earned an excellent name and reputation, helping them secure lucrative contracts from a number of high profile clients.

The company are working hard on their accreditations and qualifications and will soon be able to add ISO 9001 and 14001 plus NEBOSH (Health & Safety) to their list. All of which will keep the company ahead of the competition allowing them to work on large and profitable prestigious contracts.

Reasons for selling:

The two vendors have decided that they would like to take life easier after working hard to build up the business and after spending many happy years within the industry.

Employees:

There are two Directors, one who looks after all of the administration and finances and the other who looks after the project side of the business. There are two site managers and two site supervisors fully employed by the company and there is a full time office administration clerk. The company also has a full time, self employed quantity surveyor working for them and has a team of eight regular self employed ground workers who they can call on.

Other information

Support & training:

The owners would be happy to help with a smooth transfer of the business in any way possible.

Relocatable:

This business can be relocated.