Total of 18659 firms and businesses for sale today Monday 6th May 2024
Sold. Freehold Hydraulic Engineering Company Design, Manufacture & Repair
LISTING DETAILS
Firms For Sale ID:
33261
Vendor reference:
IL017
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£1,200,000
Turnover / revenue:
£1,540,000
Net profit / cashflow:
£200,000
Years established:
24
Number of employees:
15
OTHER DETAILS
Reason for selling:
The owners have worked happily for the past twenty four years to build up the business. They are both reaching retirement age but one of the partners is in ill health. Both owners have both decided to sell the business. However, there is an option to retain one of the partners as a consultant as they are keen to see the business progress under new ownership
Support and training:
The owners would be happy to help with a smooth transfer of the company in any way possible.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
BUSINESS DESCRIPTION
Freehold Hydraulic Engineering Company
Design, Manufacture & Repair specifically for the Offshore Oil & Gas Industry
Ref.IL017
Location North East England
Asking Price GBP 1,200,000
This is a wonderful opportunity to acquire a Hydraulic Engineering company that has worked closely with the offshore Oil & Gas Industry for over twenty four years. They offer a full turnkey solution for their customers and are the leaders and innovators in design, manufacture and repair of Hydraulic Cylinders and Hydraulic Systems. The customer database includes world renowned Blue Chip clients with over 95% of their business coming from these regular repeat customers.
The company is registered ISO 9001 2000 Quality Management System and previously held the equivalent BS5750 since 1992. There are three separate divisions within the company each of which is offered as part of the total sale.
The company is expert in redesigning all types of equipment for greatly improved reliability and performance, with allied reduced maintenance costs. The ability to deliver skills and accuracy for such demanding industries are a testament to the companys reputation as an innovator and supplier of the highest calibre. They have also developed and designed three unique hydraulic systems three of which have international patents in place with the most recent a rig skidding system which has attracted attention from the world largest petrochemical companies, one of which currently has the device on trial.
The business runs from four factory units on an industrial estate in the North East of England. Two of these units are owned by the vendors of the business outside of the Limited company and the other units which are adjoining are rented due to ongoing expansion