Domestic, Commercial and Conservational Roofing Contractor – Sold

Description

Business Opportunity

An opportunity exists to purchase the businesses and assets of a domestic, commercial and conservational roofing contractor.

The Company has a wealth of experience working on a range of projects including Government Buildings, Financial Institutions, Theatres, National Trust Properties, Churches and Historical Buildings. The business operates in London and the surrounding Counties.

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 the Joint Administrators.

Business Overview

• Roofing Contractor Business;
• Good customer base;
• Tangible assets including Motor Vehicles;
• Turnover circ. £2.1m;
• Ongoing Contracts and Work In Progress;
• Order Book;
• Retentions;
• Immediately available.

High Level Financial Information

12 Months to 31/3/2013:
Turnover: £864,074
Gross Profit: £193,619
Net Profi/(Loss) before Tax: £111,552

12 Months to 31/3/2014:
Turnover: £1,286,258
Gross Profit: £236,489
Net Profit/(Loss) before Tax: £101,114

12 Months to 31/3/2015:
Turnover: £2,070,222
Gross Profit: £392,267
Net Profit/(Loss) before Tax: £190,923

12 Months to 31/3/2016:
Turnover: £2,156,023
Gross Profit: £118,597
Net Profit/(Loss) before Tax: £(178,790)

Assets Available for Sale

• Unencumbered Office Equipment, Plant and Motor Vehicles;
• Encumbered Motor Vehicles;
• Goodwill & Intellectual Property;
• Customer Data;
• Ongoing Contracts/Work-In-Progress;
• Order Book;
• Retentions.

Deadline for Offers

Indicative offers no later than 5pm on Friday 12th May 2017, all offers to be supported by proof of funds.