Business sale

COMPANY OVERVIEW

Carbon is an award-winning provider of business waste management solutions. The Business provides environmentally friendly and cost-effective waste management services for all waste disposal and recycling requirements for clients across North West England.

Operating a modern and state of the art vehicle fleet, Carbon handles circa 40,000 tonnes of waste recyclables annually. The Waste Management Permit allows the Business to accept up to 75,000 tonnes of commercial, industrial and domestic waste per annum allowing considerable scope for growth. The site is also licensed for hazardous waste and has planning consent for unlimited vehicle movements.

The quality of operations has been acknowledged by the Environment Agency which considers Carbon a “Blue Print” and has used the site for training visits and to demonstrate best practice.

Reasons for sale

The family owners have recently reviewed their future options and have agreed to realise their investment in the Business and pursue new and unrelated business and personal opportunities.

KEY HIGHLIGHTS

  • Well invested, state of the art materials recycling facility
  • Modern vehicle fleet maintained to the highest standard
  • Wide customer base with no significant concentration
  • Term contracts in place for key customers
  • Strategically located close to significant markets
  • Well positioned for access to the motorway network
  • Significant scope for expansion under existing permits

 

Financial performance – additional information

The draft results for FY 2021 are based on the 12 months’ management accounts to 31 August 2021.

  • Adjusted shareholders’ funds circa £4 million
  • Cash balance circa £1 million
  • Some negative COVID effect on turnover during FY 2020, but the Business is not exposed to the retail and hospitality sectors. Recovery in FY 2021 has been strong

FINANCIAL PERFORMANCE

Year ended 31 August2019 Actual £’0002020 Actual £’0002021 Draft £’000
Turnover6,1325,8286,553
Gross profit1,9042,0372,160
GP%31.1%35.0%33.0%
Adjusted EBITDA1,1471,3261,292
If you have any questions or would like to discuss the opportunity further, please get in touch using the button below.
Jim Akrill

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