Long established Electrical Control Panels Manufacturer Ul Certification Compliant For Sale

Electrical Control Panels Manufacturer

UL Certification Compliant

Established over 37 years ago, this highly respected and professional company provides a comprehensive service to a diverse range of customers, building and manufacturing electrical control panels for use in a variety of different process environments.

This company provides a complete build solution to clients on a regional and in some cases national scale, having vast experience in all aspects of control panel building. Systems are supplied that are suitable for most operating environments, taking into account climate conditions, cable entries, building access and control philosophy, so much so that many of the panels it builds are subsequently deployed throughout the world. The company can provide UL certificated panels which gives it huge credibility and a real edge in the marketplace.

The company prides itself on the quality of its products, engineering knowledge and consistent delivery of services. This is illustrated by the fact that it historically has been approved supplier to a large number of blue chip customers who have worked with the business for many years. The business has now focused on a small concentration of regular clients (through choice) who provide consistent levels of business in terms of new installations. There is scope to further develop the historical clients should a new owner so wish.

Typical applications have included control panels for industrial washing machines, liquid filling machines, industrial ovens, incineration, bulk handling, grain dryers, autoclave systems, packaging machines and can-making machines.

The company services customers who operate locally, nationally and overseas yet are generally based within a 30 mile radius of its current location, tending to deal with the machine builders and providing the electrical control panels. Typical panels can be small wall mounted enclosures right through to floor standing wardrobe type enclosure suites up to 4 metres in length and 2 metres high. The company also manufactures small pneumatic control panels.

Equipment:

The company has all the necessary tools and test equipment in place to ensure the control panel are built to the exacting standards its clients require.

Customer Service:

By providing quality, consistent and specific build solutions and ongoing service to its clients, the business has steadily grown, with customers acknowledging that this company provides an essential and mission critical service to them. This is achieved by adhering to the company’s own internal quality system, which provides detailed traceability. This attention to detail is illustrated by the fact the company enjoys excellent retention levels.

Key Strengths:

The many strengths of this company include its reputation, product knowledge, UL certification compliance and technical expertise, all of which have been built up over 37 years successful trading. The business is a fully functional multifaceted operation with credibility and a respected name in the industry.

The range and quality of electrical control panels manufactured by this business offers the ultimate in quality, design flexibility, affordability and attention to detail. The company has earned and maintained an impressive base of satisfied account clients over time.. Other key strengths of the business include:

• Skilled and structured workforce

• Highly profitable business model

• Historical market presence

• Reputation

Key Opportunities:

There are many excellent avenues for growth as mentioned above, especially with additional staffing and expanding the area of operation. The excellent levels of business this company enjoys has meant that the owner regularly turns down new opportunities, due to capacity limitations.

Investment in the back office systems could further increase the efficiency of the business as could the development of a customer database. Clients are loyal and referral business opportunities are significant- further customer penetration is achievable.

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

The business has achieved consistent profitability over the years and continues to do so, generating impressive numbers as highlighted below.

Typical Turnover circa £1 Million p.a.

Resultant Gross Profits circa £394,000p.a.

Typical adjusted EBITDA circa £350,000 p.a. (Pre sole working director drawings)

Net Assets circa £552,000. (Predominantly made up of Cash and Debtors less Creditors)

Note: the company has just enjoyed its best year to date and surpassed all previous sales and profitability revenue by some margin! (Sales circa £1.6 Million subject to finalisation of accounts). It is yet to be seen whether this was a bumper year or the norm moving forwards.