Business for sale

Company overview

Our client is a support services business specialising in the condition survey, repair and refurbishment of a range of different commercial structures both above and below ground.

Indianapolis is debt free. There are specific reasons, outside the company’s control, which led to the reduction in turnover during FY2018. This situation has been resolved with turnover and EBITDA returning to historic levels. Further detail is contained in the Information Memorandum.

Recent new client wins, combined with an already strong order book, are expected to increase turnover significantly in the future. In addition, rate rises have recently been agreed under a Framework Contract which will lead to improved gross margins.

Key highlights

  • Pre-eminent in the utilities sector, with a reputation for quality
  • Framework contractor for major clients
  • Strong business relationships with Tier 1 contractors
  • Wide base of commercial clients, predominantly in Northern England
  • Securing significant new clients through a focused business development strategy
  • Healthy order book
  • Established senior management team
  • ISO 9001, Achilles, CHAS and Constructionline accredited
  • Significant growth opportunities

Financial performance

Year ended 31 March (£'000)2016 (Act)2017 (Act)2018 (Act)2019 (Draft)
Turnover3,2563,6112,6043,379
Gross margin1,1441,100783926
Adjusted EBITDA594469220266
Net assets9671,6171,5051,547
Cash balance included in net assets483930749721
If you have any questions or would like to discuss the opportunity further, please get in touch using the button below.
Jim Akrill

PM+M Corporate Finance is a trading name of PM+M Corporate Finance Limited, a company registered in England and Wales No. 03661920. Regulated by the Institute of Chartered Accountants in England and Wales (ICAEW) for the provision of corporate finance and associated investment advice.

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