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| Financials |
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| Business description |
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The company is a Precision sub-contract engineering business with 50% of its earnings being generated by 1st tier suppliers and 50% from 2nd tier suppliers.
The Company operates from its own premises based in West Sussex and the free-hold of the factory unit is also available to purchase.
In the main its work is generated by the Formula 1 Motor Racing, Defence and Aerospace Industries.
Average EBITDA excluding Directors emoluments for the last 3 years = £82,000pa. Gross margin is 40% on a turnover of £473,786 for year ended 2008(March).
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| General information |
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| | Years established: | 19 years | | | Employees: | 8 | | | Trading hours: | Normal |
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| Property |
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| Freehold |
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| Lease terms: 3000 + square foot freehold Factory Unit available for sale with company. Rent c£50k pa. |
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| Location |
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| Industrial Estate |
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| Expansion potential |
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| New machinery to enable the business to carry out extra work for its customer base. Two shift working. |
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| Competition / Market |
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| The business is secure in that it has longstanding customers (blue chip), none of which hold more than 30% of the turnover. |
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| Support & training |
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| MD prepared to stay on as General Manager for buyer. |
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| To find a professional adviser, click here |
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