Freehold Heating Ventilation And Air Conditioning Manufacturing Company For Sale

Business description

Freehold Heating, Ventilation and Air Conditioning Manufacturing Company
inc low carbon emission and environmentally friendly products

This well respected and progressive manufacturing business was set up by the vendors in the early 1990’s and since then has establsihed itself as one of the leading manufactures of high end heating, ventilating and air conditioning equipment to the building services industry.

The company is truly committed to providing its customers with the very latest technologically advanced products that are envionmentally friendly with low carbon emission ratings. This is done through continual product development and inward investment.

The company can boast a highly impressive state of the art freehold CNC production facility that enables it to offer a complete turnkey solution for clients from design, estimation, prototyping, manufacture and final test. This also includes an in-house sheet fabrication facility which allows the company to produce pretty much any design necessary with impressive turnaround times. The production process has been carefully planned so that on site commisioning is kept to a minimum. Because of its in-house expertise the company provides customers with a very comprehensive range of products and services including:-

• Air handling units
• Ceiling void units
• Twin extract units
• Gas fired units
• Control systems
• Hospital Units
• Packaged venting units
• Packaged cooling units
• Condensing units
• Refrigerant pipework

In addition to this the sale also incorporates a sister company that is fully integrated within this business that manufactures and distributes vibration control products to OEM customers and pipeline products suppliers. Whilst only accounting for some £250,000 of current sales turnover there is huge scope to expand this side of the operation as the offerings are niche with global applications.

Equipment:

The company has invested in the very latest CNC production equipment over the years to ensure all product is manufactured efficiently and to the very highest standards as required by its customers. The site is highly equipped to enable it to provide 100% environmentally friendly central station packaged air handling products.. All such plant and equipment, office equipment, fixtures and fittings are included within the sale price.

Customer Service:

The staff share the company’s ethos towards complete customer satisfaction and are dedicated to producing the best quality product and service to customers at all times. Increased research and development by the company targeting new markets and tackling energy conservation, environmental issues and low carbon footprint emissions enables the company to comply with many of their customers own “greener” mission statements .As part of this drive the company can provide product ranges that offer 100% environmentally friendly refrigerants or C.F.C. refrigerants.
This commitment to research and development and environmentally friendly solutions has been recognised by the industry and the business has won several awards over recent years.

Key Strengths:

• Strong balance sheet and highly profitable
• Own brands and wholly-owned designs/IPR ripe for future global development
• Turnkey solution- high level of infrastructure for in house manufacture and assembly
• Highly motivated and talented management team
• Ongoing strong order book in excess of £1 Million
• High service levels and speed of response
• Reputation and growing market share/presence
• Skilled workforce
• Large regular customer base with massive future potential (growth markets)
• Un patented technical know-how
• Global products

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 currently achieves sales revenues in excess of £5 Million p.a. Current Gross Profits circa £1.2Million p.a. Net profits pre-dividend circa £500,000. Freehold premises circa £2 Million. All infrastructure i.e. premises, plant , equipment, tooling etc included within the sales price.

This represents an ideal investment opportunity to acquire a high end environmentally aware manufacturing company with proven in demand products and a truly global market place to serve.

Property information

Property:

Freehold

Location:

The business operates from ideal freehold premises located on a well known industrial estate. Total floor space is circa 40,000 square feet. The manufacturing facility is superbly equipped and highly presentable. The freehold premises are valued at circa £2Million. Asking price includes the freehold site.

Business Operation

Expansion potential:

The company has a large production capability and could certainly accommodate a significant increase in business volumes within its current infrastructure. There are many avenues for growth available to this business. The company has researched and developed a range of environmentally friendly products to ensure future prosperity for the business. The cost of this development has already been met and the increased profits are now being realised. The market both within the UK and globally is strong and this trend is expected to continue in the future with the need to be more energy conscious.

Competition / Market:

The business has a suite of professional marketing media that includes excellent high quality product catalogues and a highly informative website. It enjoys high levels of repeat business, word of mouth recommendations, tender invitations and referrals.

Reasons for selling:

The vendor is planning his exit strategy and looking to spend more time abroad and develop an unrelated overseas opportunity.

Employees:

The vendor is the chairman of the company. He has put in place a highly skilled and qualified management team that includes several minority shareholders. The management team ensures the business runs effectively on both a day to day basis and also has a view to the longer term. It has to be stated that these key employees/shareholders are keen to welcome a progressive investor with a view to develop the business further on both a national and global scale. The company employs some 70 staff.

Years established:

1990

Other information

Support & training:

The vendor is more than happy to provide a comprehensive handover.