Description
On Instructions From A Retained Client
Project Brick
Opportunity:
An opportunity has arisen to acquire the business and assets of a third generation family run construction business established in 1928.
Executive Summary:
- Established 1928 – 94 year continuous trading.
- 37 Experienced employees.
- Member of the Hyde & Southern Construction Framework.
- Located in the South of England.
- ISO Certifications for Quality Management, Environmental Management & Occupational Health & Safety Management.
- Currently finalising a Net Zero Emissions policy with Southampton University.
- Offers to be received by 19th August 2022.
- Leasehold office and yard premises with the ability to agree a new lease.
- Motor vehicle fleet
- Construction plant & equipment
- Zero third party finance penetration
- 12 projects either current on-site or due to commence totalling £54.67m
- Associated opportunities to tender totalling £95.5m
| Financial Summary | |||
| FY2020 | FY2021 | FY2022 | |
| £’000 | £’000 | £’000 | |
| Turnover | 23884.0 | 27211.9 | 17227.6 |
| Gross Profit | 2671.6 | 2195.9 | 1306.9 |
| Net Profit/(Loss) After Tax | 16.3 | (566.2) | (1295.9) |
| Total Assets | 239.8 | 190.9 | 155.3 |
| Total Liabilities | (178.3) | (389.9) | (146.0) |
| Net Assets | 1288.2 | 939.8 | (369.5) |
Timeline:
• All interested parties will be required to sign a non-disclosure agreement and have the ability to work to an accelerated timeline.
• Offers are to be received by 16:00 Friday 19th August 2022.
If you would like further information on this opportunity please contact Wyles Hardy & Co. using the details provided below, following which additional information will be provided, subject to the signing of a non-disclosure agreement.
Contact:
David Fletcher
Wyles Hardy & Co
Ley Hill Road
Bovingdon
Hemel Hempstead
HP3 0NW
T: 07967 508 542
E: david.fletcher@wyleshardy.com
