NORTH EAST Precision Engineering Contractor For Sale

BASED IN THE NORTH EAST

Achieved turnover in excess of £1.15 million in FY18, with an adjusted EBITDA of circa £165k. Provides complete, responsive precision engineering services, specialising the production of CNC-manufactured machine components. Enviable client base that comprises long-standing relationships with several blue-chip clients, most of which span over seven years. Sustains and generates consistent revenue without the need for extensive marketing expenditure or activities. Strong pipeline in place comprising current works in progress, enabling the company to boast a projected turnover figure of £1.2 million for FY19. Operates from 13,500 sq ft leasehold premises rented from a private landlord. Second-tier management team in place able to run the business on a daily basis. The shareholders are offering the business for sale due to retirement plans. Offers invited.