Business description

Company specialising in full manufacture of MFC panels and panel products for the furniture industry, supplying key components to kitchen, bedroom, bathroom and office furniture manufacturers.

The Company’s 58,000 sq. ft facility, close to the motorway network, houses more than £1.5m of specialist machinery and a team of multi-skilled operatives.

This Company is profitable, cash generative and has seen sales of £4.6 million in recent years with much of the returns having been re-invested in the business, in terms of infrastructure, in order to guarantee future success.

Conservative projected turnover for the three years is over £12 million.


Unique Selling Points are:
• True independent panel manufacturers
• Able to achieve a run rate of approx £650k per calendar month
• Small enough to give highly personnel service and large enough to fulfil large runs and orders
• Staff turnover of less than 2.5%
• Heavy investment in staff training and development
• Excellent reputation across the industry for service and product quality
• Name well known throughout the UK
• High profile of National clients
• Strong and diverse customer base
• Close relationships with all major customers
• The business offers a formidable team of experienced and highly skilled management and dedicated shop floor workers, with the ability to guide and complete projects successfully

Property information

Property:

Leasehold

Location:

The Group headquarters are in leasehold premises, totalling some 58,000 sq.ft, providing easy access to the motorway network and local international airports.

Other information

Expansion potential:

• Business operations are not at maximum capacity so there remains considerable scope for an increase in production. The Company has huge capabilities for expansion with the obvious benefits of increased turnover and profit that could be achieved simply by gearing operations in line with market demand
• For an acquiring company, additional margin can be expected through gaining access and expanding upon the already substantial Blue Chip customer database
• A significant opportunity exist for an acquiring company with a more focused sales and marketing approach to leverage the Company’s substantial reputation and skills into increased revenues.

Support & training:

The vendors are willing to stay with the company for a pre-determined length of time to effectively hand over the business.

Reasons for selling:

Retirement

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