Business description

This well established and respected company has been trading in this sector since 1989. It is one of the best known companies in the Thermal Insulation market in the Cardiff area and has built itself a good reputation for high quality workmanship well trained staff and pragmatic pricing.

The business designs, manufactures and installs all forms of aluminium casing and industrial thermal insulation including lagging for pipes, boilers, tanks and duct work
It has built up an enviable client bank of blue chip companies in a broad range of commercial sectors. These include mechanical engineering companies, PLC's, Health Authorities, Universities and Colleges and Food Companies. This has provided the business with a continuity of work and steady growth.

Equipment:

The company workshop is well appointed and has a broad range of equipment

One Guillotine
Two Rollers
Two folders
Lock Former machine
Variety of hand tools and accessories

Customer Service:

The majority of the clients have been with this business for a number of years which is a reflection on the quality of workmanship and customer care that the company provides. Two of the customers have been providing work for twelve and twenty two years respectively.

Key Strengths:

Financially sound with good turnover
Strong profits
Low overheads
Central location
Quality staff
Excellent client bank

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 company enjoys a turnover of circa £485,000 with Net profits around £95,000.

Property information

Property:

Leasehold

Location:

The premises are owned by the managing director. He is willing to provide the appropriate lease to the buyer of the business or to sell them as part of the overall package.

Other information

Expansion potential:

The business has never carried out a structured marketing campaign to raise market awareness of its capabilities. An active canvassing strategy to more Authorities, Mechanical Engineering Companies and House builders would produce additional revenue.

Support & training:

There will be a full and professional handover for a period to be agreed as part of the overall sales negotiations.

Reasons for selling:

The managing director wishes to retire.