Total of 18657 firms and businesses for sale today Thursday 28th March 2024
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Sold. Uk Manufacturing Group Precision Pressings, Engineering & Assembly

LISTING DETAILS
Firms For Sale ID:
34213
Vendor reference:
IX019
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£1,800,000  
Turnover / revenue:
£4,100,000
Net profit / cashflow:
Undisclosed
Years established:
50
Trading hours:
Each company operates a 37.5 hour single shift pattern. This could be increased if need be.
Number of employees:
60

OTHER DETAILS
Reason for selling:
The owners are planning their exit strategies.
Support and training:
The current owners would be happy to provide full training and support at handover to ensure a seamless transition of ownership. This should be relatively simple process as neither are invloved in the business on a day to day basis. However one of the directors may well be prepared to stay on for a further period, subject to negotiation.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
UK Manufacturing Group
Precision Pressings, Engineering & Assembly
ISO9001/ TS 19649 Accredited
Ref.IX019
Location Midlands/North West
Asking Price GBP 1,800,000
This very wellGBPknown and highly respected precision pressings and engineering group comprises of two standGBPalone businesses that have both been trading independently for 40GBP50 years. More recently they have been placed under the umbrella of the current holding company (purely for administrative purposes) and have continued to trade very successfully since then, generating impressive profits at the same time further cementing their sterling reputations in the markets they serve. The sale is for both the Limited companies within the group.
The companies are both highly skilled, multiGBPfaceted operations. The core business is GBPHigh ToleranceGBP precision pressings and assembly to customers mainly within the UK. The companies have superb internal capabilities and quality management systems in place (ISO9001 and TS 19649) that enables them to serve a very desirable list of blue chip customers in a variety of industries including:
Automotive
Electronics
Aerospace
Technology
Defence
Hygiene
Facilities Management
Construction
The companiesGBP internal range of services includes:GBPDesign, Prototyping, Tool Making, Progression Presswork using CNC presses (250T) and manual presses (200T), as well as full multiGBPpart inGBPhouse assembly (welding, riveting, threading, tapping etc.). The business also has access to additional finishing services through highly effective sub contract management.
The business has been developed over time with continuous reGBPinvestment in the companies, its quality systems, manufacturing equipment and its processes. The group can boast a substantial level of modern plant and machinery, including leading laser and press CNC machines complimented by long serving and highly experienced staff that enables it to provide a high quality precision solution time and time again.

Expansion Potential
The business has consistently posted impressive profitability over the years from a loyal and growing customer base. It has enjoyed impressive growth over recent years due to the implementation of new working practices and quality systems. There is spare capacity within the current infrastructure to accommodate significant growth, should a new owner look to push the business forward.

There is no reason why a new owner could not significantly grow the business by being more proactive with developing the current customer base (many clients are large multi-site operations whom no doubt have additional needs), as well as targeting new customers outside the region/UK as the markets it serves are large and strong. The business has the ability to enter new markets as it already has a sterling reputation in place, not to mention the approvals and quality systems.

Market / Competition / Non-Competition Agreements
The business could benefit from a more strategic medium/long term sales and marketing campaign. Each company has its own basic yet informative website however there have been no active forms of marketing to date. The company has tended to rely on word of mouth recommendations, referrals and repeat business to generate revenues.