Well-Established and Highly Profitable Construction Company

Industry Overview

This opportunity operates predominately in the Film and TV industry which due to various tax breaks for production companies in the UK, makes the UK a highly desirable location for many companies. Coupled with the advent of streaming services such as Netflix and the likes, the requirement for additional space in the market has resulted a significant rise in enquires and the need for the services Project Honey offer.

Location

UK and IRELAND

Business Description

Project Honey offers a superb opportunity to acquire a substantial and well respected, profitable business which operates within a very secure environment. The business benefits from having built up a fantastic reputation within the Film and TV industry. founded in 2016 by the current vendors. The business offers a range of temporary and permanent structures including; Aluminium framed buildings, cold rolled steel framed buildings and hot rolled steel framed structures for both supply and installation

Financial Summary

                                          2021- projection                                              2020                                                   

Turnover                                   £                                                                   £                                                       
                                           3,652,654                                                    1,061,351                                        

Cost of sales                     2,337,698                                                       685,792

Gross profit                      1,314,956                                                       375,559 

Overheads                           420,785                                                       219,504 

Net profit / (loss) before tax 894171                                                     158149 

Adjusted EBITDA                 1084829                                                       341031 

Investment Rationale

The opportunity to increase revenue in the Film Studio sector has seen rapid growth and demand. This is due in some part to the current demand on studio and filming facilities from the streaming sector and creating more pressure on studios that cannot cope with the backlog or current demands of suitable facilities. Currently there are approximately 15 live projects with a forecasted budget of circa £4bn to be delivered over the next 4 years.

Project Honey also operate in the sports buildings sector, and we currently have 4 live projects for this discipline, which has higher margins and excellent demand.


Project Honey also have a range of temporary buildings that are offered for sale or rental that are relocatable. These buildings are supplied and fitted at a clients premises on a lease and are invoiced quarterly, providing a steady and recurring income.

Customer Overview

Several large, blue chip organisations