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Asking Price
£225k
Description
This company was formed in 1986 as a partnership and incorporated in 2004. It has been registered with NICEIC (National Inspection Council for Electrical Installation Contracting) since 1990. The company carries out a full range of electrical contracting work across a number of mainly industrial and commercial sectors. Customers are generally building/installation contractors including shop fitters, ventilation and air conditioning specialists and internal refurbishment contractors. Many of its sales are repeat orders and it also benefits from large numbers of referrals to new clients from customers who appreciate the levels of service. The company has a good track record of financial performance with sales of between £400k and £500k in recent years and consistently producing a gross profit (after direct labour) of in excess of 35%. Both directors now wish to retire from this business, but they are willing to provide whatever handover support is required by the new owner certainly over 6 months if required. The Guide Price for 100% of the shares on a "debt free, cash free" basis for this business is £225k.
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