Access Equipment and Material Handling Hire Businesses for Sale

Description

Business Opportunity:

An opportunity exists to purchase the entire trading businesses and assets of an independent provider of powered access equipment hire and material handling equipment hire, the Companies specialise in the short term hire of Access Equipment, Forklift Trucks, Telehandlers and Lifting Equipment, both businesses operate throughout Scotland within the same group of Companies.  The businesses have a long established heritage and provide a range of working at height training, compliance/proof load testing and training, alongside equipment hire.

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:

  • Established Businesses
  • Ongoing Hire & Training Projects
  • Highly Cost Efficient Service
  • Established Client base
  • Leasehold Trading Premises
  • Combined EBITDA c.¬£1.5m

 

Financial Information:

Access Equipment Hire Business:

12 Months to 31/7/22:

  • Turnover¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬† ¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬† ¬£2,858,832
  • Gross Profit ¬†¬†¬†¬†¬†¬† ¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬† ¬£2,178,343
  • Net Profit (before tax)¬† ¬† ¬†¬£501,220

16 Months to 31/7/21:

  • Turnover¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬† ¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬† ¬£3,119,000
  • Gross Profit ¬†¬†¬†¬†¬†¬† ¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬† ¬£2,462,207
  • Net Profit (before tax)¬† ¬† ¬†¬£493,774

12 Months to 31/3/20:

  • Turnover¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬† ¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬† ¬£2,612,849
  • Gross Profit ¬†¬†¬†¬†¬†¬† ¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬† ¬£2,004,277
  • Net Profit (before tax)¬† ¬† ¬†¬£324,581

12 Months to 31/3/19:

  • Turnover¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬† ¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬† ¬£2,659,852
  • Gross Profit ¬†¬†¬†¬†¬†¬† ¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬† ¬£1,944,240
  • Net Profit (before tax)¬† ¬† ¬†¬£387,030

 

Material Handling Hire Business:

12 Months to 31/7/22:

  • Turnover¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬† ¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬† ¬£522,338
  • Gross Profit ¬†¬†¬†¬†¬†¬† ¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬† ¬£397,939
  • Net Profit (before tax)¬† ¬† ¬†¬£301,501

18 Months to 31/7/21

  • Turnover¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬† ¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬† ¬£462,488
  • Gross Profit ¬†¬†¬†¬†¬†¬† ¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬† ¬£353,345
  • Net Profit (before tax)¬† ¬† ¬†¬£2,198

12 Months to 31/1/20

  • Turnover¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬† ¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬† ¬£572,658
  • Gross Profit ¬†¬†¬†¬†¬†¬† ¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬† ¬£483,873
  • Net Profit (before tax)¬† ¬† ¬†¬£33,032

12 Months to 31/1/19

  • Turnover¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬† ¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬† ¬£731,530
  • Gross Profit ¬†¬†¬†¬†¬†¬† ¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬† ¬£596,253
  • Net Profit (before tax)¬† ¬† ¬†¬£80,341

 

Assets Available for Sale:

  • Fixed Assets (combined NBV circ. ¬£5.4m‚ÄĒIncludes encumbered assets)
  • Trading Businesses
  • Client Bases
  • Goodwill
  • Intellectual Property
  • Debtors

 

Location:

Scotland, UK.

 

Deadline for Offers:

All interested parties are encouraged to register an interest in the business with MBV.  All offers will ultimately be required to be supported by proof of funds.

 

Further Information:

For further information or to request a non-disclosure agreement please contact Tom McWilliam or Damian Short at the Glasgow office on 0141 478 0732.

 

Sector

Plant Hire

Turnover

£3.3m

Category

Business for Sale

Location

Scotland, UK

Further information and viewing

Please contact: Damian Short for further information:

T: 0141 478 0732

E: [email protected]

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