Highly Successful Contractor for Civil Engineering & Utility Works in London for sale – (Ref. 1254)

An opportunity to purchase an outstanding, well-established and highly successful Contractor, involved with civil engineering projects and utility works in London and the South East of England.

The business is primarily responsible for a comprehensive range of construction related services involving paving, kerbs, installation of ducting for fiber optic cables, resurfacing, drainage, enabling works, reactive maintenance, street lighting, waste management, gas works and general construction, including refurbishment and new build.

The business has built up an excellent reputation by providing its range of construction services reliably, working within agreed timescales and budgets, which has led to repeat and referral business from a high profile, blue chip customer base. In addition, the company has an unblemished Health & Safety record and complies with all H & S requirements. By exceeding customer expectations, the company benefits from a very significant level of repeat and referral business, leading to a contract in excess of £64m in value until 2024 under National Institute Construction (NIC3) work.

A strong second-tier management team enables the business to operate with minimal involvement of the business owners.

Opportunities for future development. Cash generative. Relocatable.

Turnover: c.£16.5m, Gross Profit: c.£4.55m, Adjusted EBITDA: c.£2,788m, NPBT: c.£2.482m, NAV: c.£5.122m

Asking Price: Offers invited

Reference No: 1254

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Location:

Turnover: c.£16.5m

Net Assets: c.£5.1m

Plant & Machinery: Included

Asking Price: Offers invited