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Business For Sale - Details


Specialist in Aluminium Diecastings

Project Core

BUSINESS DESCRIPTION

  • The company specialises in the manufacture of aluminium castings using a number of different processes.  The company also offers a variety of other procedures including product / die designing and manufacture.  CNC machining and CNC turning.
  • The company also has a dedicated electrical assembly department which assembles, tests and configures electrical products as well as a dedicated mechanical assembly department, which assembles and tests (including pressure testing) mechanical products to compliment its core offering.
  • The company is currently in the process of undertaking a restructure and streamlining its core business from an operational perspective.  Due to the financial position of the company, a sale will be executed at the earliest opportunity and will be either concluded via a share sale or, should this not be possible given the existing time and financial constraints, by way of a sale of the business and assets following the appointment of Administrators.


BRAND NAME AND IP

  • The company has been established for almost forty years with a well established brand in the market.
  • The company is an ISO 9001 (2015) quality approved company.


PROPERTY

  • The company trades from both freehold and leasehold premises in the East Midlands.
  • The location provides excellent transport links to several arterial routes across the UK.
  • The properties include a foundry and a machining shop.


TURNAROUND AND GROWTH OPPORTUNITY

  • Streamlining option to focus on core profitable operations including potential reduction in central overheads.


ASSETS AVAILABLE FOR SALE

  • Freehold property.
  • Plant and Machinery (encumbered and unencumbered)
  • Vehicles (encumbered and unencumbered)
  • Stock
  • Intellectual Property (including Goodwill)
  • Existing contracts (insofar as transferable)


FINANCIAL HIGHLIGHTS

Balance Sheet (MI)

As at

30 June 2017

Unaudited Filed

Accounts

£’000s

11 months to

31 May 2019

Management

Information

£’000s

Fixed Assets

Tangible

1,091

996

1,091

996

Current Accounts

Debtors

785

198

Prepayments & Accrued Income

26

-

Deposits & Cash

-

(220)

Stock

573

583

1,384

561

Long term liabilities

(475)

(528)

Provision for liabilities

(88)

-

Accruals and deferred income

(65)

-

Current liabilities

(1,410)

(1,159)

(1,401)

(1,159)

Net Assets

446

(130)

 

Profit & Loss Account (MI)

11 months to

May 2019

£’000

Turnover

1,547

Cost of sale

(1,309)

Gross Profit

238

Gross Profit Margin

15.4%

Administrative Costs

(722)

EBITDA

(484)

Other Operating Income

-

Net Profit

(484)

Net Profit Margin

-31.3%

 

IMPORTANT

This briefing sheet contains information supplied by company personnel. LSH provides no warranties or indemnities in respect of such information. All interested parties must rely on their own investigations when reviewing this opportunity.

 

CONTACT
Sue Lakin  -  0115 838 7667
Gary Harper  -  07840 384912

 

CONTACT