Business Sales
SOLD
South West Plant and Tool Hire Business
By order of the Directors
Location: UK
Offers Invited: Immediately
BUSINESS OVERVIEW
- Independent tool and plant hire specialist providing quality tools, plant and equipment to both trade and DIY customers for nearly 10 years.
- The company is a member of the Hire Association of Europe, operates from three leasehold premises and has 15 staff.
- Having developed a strong customer base with repeat and adhoc clients, the company has been able to grow its turnover to in excess of £2m.
- Heavy plant is subject to financial encumbrance.
FINANCIAL HIGHLIGHTS
| 31st January 2021 £ |
31st January 2022 £ |
31st July 2023 £ |
|
| Turnover | 807 | 1,292 | 2,873 |
| Gross Profit | 433 | 670 | 1,292 |
| Gross Margin | 54% | 52% |
45% |
| Operating Profit | 169 | 253 |
253 |
| Finance Costs | (72) |
(127) |
(301) |
| Profit for the Financial Year | 80 |
83 |
11 |
REASON FOR PROCESS
Current financial pressures mean that an urgent sale is required. It is expected that any sale will take place by way of an insolvency process.
Any acquirer will need to be in a position to complete asap and understand that warranties and indemnities are not expected to be given.
NON-DISCLOSURE AGREEMENT
Subject to normal undertakings as regards confidentiality, further information will be provided to those parties indicating an interest in acquiring this business or its assets. Information will not be provided to agents acting for undisclosed principals.
Subject to normal undertakings as regards confidentiality, further information will be provided to those parties indicating an interest in acquiring this business or its assets. Information will not be provided to agents acting for undisclosed principals.
IMPORTANT
This briefing sheet contains information supplied by company personnel. LSH provides no warranties or indemnities in respect of such information. All interested parties must rely on their own investigations when reviewing this opportunity.
This briefing sheet contains information supplied by company personnel. LSH provides no warranties or indemnities in respect of such information. All interested parties must rely on their own investigations when reviewing this opportunity.
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