Acquisition Opportunity - Project Oslo
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Acquisition Opportunity - Project Oslo
Mazars LLP are seeking potential investors/purchasers for a Bedfordshire-based designer and manufacturer of OEM certified, high quality GSE equipment.
Background
- The Company is a key player in the aviation sector, supplying clients across the UK, EU and beyond through the design and manufacture of industry compliant, high quality GSE equipment, specialising in the supply of Safran & CFM engine tooling and engine stands.
- Offering over 1,000 products, including 700+ engine tools and 300+ aircraft tools to more than 2000 customers including 200+ airlines.
- Incorporated in 1966, the Company has a proud history and operates from its recently refurbished leasehold premises in Bedfordshire.
- The Company employs a total of 46 people.
- Principal assets comprise leasehold properties, plant & machinery, stock, manufacturing knowledge and expertise.
Financial highlights
| £ | FY19 | FY20 | FY21 | FY22 (MI) | YTD (MI 6m) |
| Turnover | 4,557,490 | 3,018,219 | 3,230,894 | 4,291,279 | 1,519,929 |
| Gross Margin | 43% | 26% | 22% | 36% | 3% |
| EBITDA | 1,155,022 | 375,868 | (271,468) | 65,457 | (849,063) |
| Tangible assets | 765,364 | 621,463 | 728,078 | 1,278,482 | 1,246,283 |
| Stock | 1,503,258 | 1,770,672 | 1,770,672 | 2,325,152 | 2,268,614 |
| Debtors | 506,139 | 487,174 | 661,567 | 665,540 | 363,486 |
| Cash at bank and in hand | 1,421,379 | 1,223,226 | 641,850 | 227,372 | 70,922 |
Key selling points
- Well established reputation in the industry.
- State of the art C.N.C machining centres.
- Located in one of UK’s aviation hubs.
- Certified CFM licensee.
- Experience and skilled workforce.
Next steps
Further information will be available on request and will be provided upon receipt of a signed non disclosure agreement. Marketing is being undertaken via a compressed timetable and as such offers should be submitted along with proof of funding as soon as possible and no later than 12 May 2023 with a view to completing a transaction by 19 May 2023.
Key contact