Aluminium Casting Business (The Company”)

Description

Business Opportunity:

An opportunity exists to purchase the businesses and assets of a specialist aluminium casting business.

The Company specialises in manufacturing fully finished aluminium castings using Low Pressure and Gravity diecasting processes and operates from a purpose built aluminium foundry with CNC machine shop extending to approximately 31,000 sq.ft. (split over two premises).

The purchase will be executed at the earliest opportunity.  All interested parties will be requested to sign a non-disclosure agreement and specifically deal with Middleton Barton Asset Valuation Limited as appointed agent on behalf of the vendor.

Business Overview:

• Specialist Aluminium Casting Business;
• Established Customer Base;
• Skilled Workforce;
• Extensive Inventory of Foundry Plant and Engineering Machine Tools;
• Freehold and Leasehold Premises;
• Ongoing Work in Progress & Order Book;
• Turnover (YE 30/6/2018) £2,573,352.

High Level Financial Information:

• Year Ending 30/06/2016:
• Turnover: £2,257,097
• Gross Profit: £192,801
• Net Profit/(Loss): (£211,608)

• Year Ending 30/06/2017:
• Turnover: £2,591,122
• Gross Profit: £477,927
• Net Profit/(Loss): £6,264

• Year to 12/06/2018:
• Turnover: £2,573,352
• Gross Profit: £894,743
• Net Profit/(Loss): £907

Assets Available for Sale:

• Unencumbered Foundry and Engineering Plant;
• Office Equipment & Motor Vehicles;
• CNC Machines (Subject to Finance);
• Established Customer Base;
• Goodwill & Intellectual Property;
• Customer Data;
• Website;
• Freehold Premises; and
• Leasehold Premises (subject to Assignment);

Location:

East Midlands, UK.

Deadline for Offers:

Offers no later than 12 noon on Friday 22^nd March 2019 (deadline may be amended at the vendor’s discretion), all offers to be supported by proof of funds.

Further Information:

Please contact Damian Short on 0161 359 4332 or by email [email protected]