Sold. Sub Contract Precision Engineering Company

Specialist Sub Contract Precision Engineering Company for the Aerospace, Defence, Hydraulic, Marine and Medical Industries
Ref.IX018
Location South Coast
Asking Price £ 1,500,000
Established in 1991, this business specialises in manufacturing parts and components to the industrial sector. The Company is a well established and highly regarded CNC Precision Engineering operation. Specialising in milling and turning of high quality precision machined components particularly for the aero space, defence, hydraulic, marine and medical industries. The business carries out sub-contract work for a prestigious list of regular customers and enjoys a good working relationship and regular work from a number of companies across the UK.

Primarily a batch and contract supply specialist, this business can work with any order volume - a single specialised product, volume batch manufacture or contract supply timed to meet a customer’s particular production schedule. This business is equally happy to manufacture on a complete supply basis or as processors of free-issue components or materials.

The business has the resources and expertise to undertake complex turned and milled components in any material to customer specifications and tolerances. The company can also undertake finishing, polishing, painting etc. using approved outside sources. Above all the business is committed to providing the highest level of service to every customer with efficient working practices; rapid response times and sensible pricing that create a winning package, which is the envy of competitors. The business provides high quality service and standards of workmanship and has an excellent reputation.

Expansion Potential
Although the business benefits from many loyal customers there is huge scope for a potential purchaser to increase further the breadth and depth of the customer base.

Market / Competition / Non-Competition Agreements
This business has an atypical approach to marketing when compared with other companies within the engineering sector, specifically targeting medium value contracts with premium brand companies, limiting risk and maximising return.

Advertising and promotion is viewed as an investment in the brand and the future growth of the company as opposed to a drain on resources. This approach has ensured the acquisition of many frequent and reliable customers.

The achievement of ISO Accreditation is often a door opener with many larger and prestigious Clients. It also sets the business apart from the vast majority of small to mid range manufacturers who have not taken this initiative.

Word of mouth is proving to be a very valuable and most effective form of advertising ‘Yellow Pages’ locally and regional has also proved very effective for generating leads.