Business sale

COMPANY OVERVIEW

– Electrical contractor undertaking the design, installation, commissioning and testing for electrical work on new-build installations for blue-chip housebuilders

– Confirmed order book covering 30 North West sites, developments ranging in length from six months up to five years

– Longstanding relationships with, and preferred supplier to, all major UK housebuilders

– Approved contractor of the National Inspection Council for Electrical Installation Contracting

– Consistently profitable and cash generative

Growth opportunities

  • The ‘Help to Buy’ scheme has been extended until 2023, to support the building of new houses
  • Government objective is to build on average 300,000 new houses each year in the UK for the next five years
  • Excellent bolt-on opportunity for general commercial electrical contractors
  • Represents a great fit for contractors providing complementary services to the new-build housing market such as plumbing and heating, fire alarms, CCTV and intruder alarms

Financial performance

Year ended 31 August2017 Statutory £'0002018 Statutory £'0002019 Statutory £'0002020 Forecast £'000
Turnover2,5792,4542,6022,450
Gross profit503444465549
GP%19.5%18.1%17.9%22.4%
Maintainable EBITDA255239201315
If you have any questions or would like to discuss the opportunity further, please get in touch using the button below.
Peter Kelly

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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