Established Light Engineering Company - Welsh Border, South Wales, United Kingdom Advert Ref: IH10
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Business description
The company was established in 1986 and became a limited company in 1998.
It manufacture’s a broad range of steel and wire components including;
Racks and stands,
Grills and meshes,
Finger guards,
Fans and grills,
Point of sale merchandising stands
Air conditioning components
Cash machine components
White good components
General fabrication
In house plastic coating facilities
Forestry wire
Location
The company is located in the county of Monmouthshire on the Welsh Borders
Clients
The company has no one customer that accounts for a significant proportion of the turnover. There is a very broad range of clients and an active customer base of circa one hundred regular buyers.
Key strengths
The key strength of the business is its ability to supply small or large orders of items not readily available from the Far East.
Around five percent of its product is outsourced and imported; this figure could be increased to attract an even wider customer base.
It has a stable and long serving workforce.
Well located in an area with excellent connections to the M4, M5 corridors.
Controlled overheads Employees: There are twenty-three employees.
Property
Location
The premises are located on a small and well-positioned industrial estate. The company has a ten-year lease at an annual rental of £50,000. The buildings cover a total area of twenty six thousand square feet containing,
A reception area
Administration office
Staff canteen and toilet facilities
Five production units
Ample parking space.
The freehold may be available if required.
Competition / Market
The business does not have an advertising or marketing strategy. Market Outlook The market place for the services offered by this business is strengthening as companies fail to get the quality standards or delivery schedules from suppliers in the Far East. Support & training
A full and seamless handover will be available for a period to be agreed as part of the overall negotiations. Reasons for selling
The managing director has decided to take early retirement.
It manufacture’s a broad range of steel and wire components including;
Racks and stands,
Grills and meshes,
Finger guards,
Fans and grills,
Point of sale merchandising stands
Air conditioning components
Cash machine components
White good components
General fabrication
In house plastic coating facilities
Forestry wire
Location
The company is located in the county of Monmouthshire on the Welsh Borders
Clients
The company has no one customer that accounts for a significant proportion of the turnover. There is a very broad range of clients and an active customer base of circa one hundred regular buyers.
Key strengths
The key strength of the business is its ability to supply small or large orders of items not readily available from the Far East.
Around five percent of its product is outsourced and imported; this figure could be increased to attract an even wider customer base.
It has a stable and long serving workforce.
Well located in an area with excellent connections to the M4, M5 corridors.
Controlled overheads
The premises are located on a small and well-positioned industrial estate. The company has a ten-year lease at an annual rental of £50,000. The buildings cover a total area of twenty six thousand square feet containing,
A reception area
Administration office
Staff canteen and toilet facilities
Five production units
Ample parking space.
The freehold may be available if required.
The business does not have an advertising or marketing strategy. Market Outlook The market place for the services offered by this business is strengthening as companies fail to get the quality standards or delivery schedules from suppliers in the Far East.
A full and seamless handover will be available for a period to be agreed as part of the overall negotiations.
The managing director has decided to take early retirement.
Financial Details
Asking price:
£275,000
Sales revenue:
£900,000
£275,000
£900,000