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Freehold Hydraulic Engineering Company
Location United Kingdom
Asking Price Range $1.0M - $2.5M
Gross Revenues $1859005
Net Profit / Cash Flow $255915
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1992
Number of Employees 10 - 19
Relocatable Not Disclosed
Number of Employees 10 - 19
Real Estate Owned
Training The owners would be happy to help with a smooth transfer of the company in any way possible.
Reason for Sale 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 reta
Description Freehold Hydraulic Engineering Company - Design, Manufacture & Repair specifically for the Offshore Oil & Gas Industry
Ref.IL017
Location North East England
Asking Price œ 1,550,000
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 company's 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 three factory units on an industrial estate in the North East of England. Two of these units are owned by the vendors of the business and the other unit which is adjoining was rented as the company expanded its operations in 2007.
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