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Finance And Services:

Sold. Specialist Manufacturer Of Plastic Injection Moulds (toolmakers) And Provision Of Plastic Injection

LISTING DETAILS
Firms For Sale ID:
35006
Vendor reference:
JH033
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£240,000  
Turnover / revenue:
£521,000
Net profit / cashflow:
£80,000
Years established:
37
Trading hours:
The business currently operates on a one shift system, Monday to Friday. This could be expanded if need be.
Number of employees:
6
Employees / staffing:
The vendor works in the business on a day to day basis and has been coaching the management team with the result that this team has been taking more and more of these duties on as time has progressed. The business employs: 1x Technical Managing Director (owner) 1x full time Mould designer (Self Employed) 3x engineers in the workshop (Self Employed) 1x Book keeper

OTHER DETAILS
Reason for selling:
The owner is planning his exit strategy due to pending retirement.
Support and training:
The owner would be happy to provide full training and support at handover to ensure a seamless transistion of ownership.He may be prepared to stay on within the business for a further period of time should a new owner so require, subject to negotiation.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The business operates from fully equipped leasehold premises that are located on a modern, well-known business park, near a busy, major town on the M40 Motorway. The premises are circa 3,000 square fee (more space available) on one floor, including facilities and offices; this is a fenced and secure site with steel, locked gates. We are advised rent, rates and water are circa £15,000 p.a. and that a flexible 3 years remain on a five year lease.
 
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BUSINESS DESCRIPTION
Specialist Manufacturer of Plastic Injection Moulds (Toolmakers) and Provision of Plastic Injection Mouldings
Key markets include medical, telecommunications and aerospace
Ref. JH033
Location : Buckinghamshire
Asking Price : £240,000 + Net Assets
Set up over 37 years ago this well established business has an excellent reputation and provides a comprehensive range of niche, expert solutions for injection mould making and moulding in the UK to a variety of clients in many sectors including automotive, medical, telecommunications and aerospace, and with an international customer base.
The company is considered a world-leading mould maker and has facilities here in the UK as well as close ties with proven & carefully selected partners in China, providing very price competitive services for world class design, consulting and manufacture. Added-value is supplied through injection moulding manufacture combined with machined plastic components.
The business has an ever increasing and enviable order book with secure orders extending 5 years!
The demands of certain sectors such as aerospace and automotive are well known for trackability and traceability throughout all supply chain partners and providers services & processes, and this company is both qualified and accustomed to meeting those demands.
The company’s flexibility and capability to develop sophisticated moulds for these precision industries is a result of the company’s in-house process management controls and its mould makers lead the industry in accurate and enduring solutions for injection moulding in the UK, and its proven Chinese partners deliver exceptional technical moulds and ultra-high cavity moulds that are used by plastic injection moulding companies all over the world.
All of which is achieved with lead times that make this one of the most competitive companies in the industry, anywhere in the world.
The business has been developed over time with significant re-investment in the company, including tooling, equipment and its premises. The company can boast a substantial level of high quality machinery including modern automated plant and including latest state of the art CAD systems and office systems, meaning that customer designs or maintenance requirements can be dealt with quickly and efficiently.
The business has its own internal inspection procedures and is ISO 9001 accredited to ensure customers receive only the highest quality products and services. This internal capability enables the business to take on varied and challenging high-profile projects for blue chip end users.
The business has designed and developed many products that are the results of solving complex technical problems for its customers and retains significant intellectual property assets. The business also benefits from having a significant repair and maintenance facility.
From first contact to completion the onus is geared towards complete customer satisfaction.
The business is committed to ensuring manufacture is to the required standards of excellence, as you would expect from a company with such infrastructure.

Expansion Potential
The business is well positioned to take maximum advantage of growth markets as they occur such is its ability to provide a diverse range of products and services in house with quick turnarounds. It has the infrastructure already in place to cater for significantly more work whether large or small scale.

It also has the ability to enter new markets should a new owner so wish as it has a sterling reputation in place. It is already seeing growth in terms of new enquiries as its proprietary designs and products consistently find new customers around the world.

The business currently operates a one shift pattern. There is no reason why this cannot be expanded should a new owner look to put more resource in place.

The company has clients within UK and overseas, with a little more effort this could be increased and it is believed would yield excellent results.

Market / Competition / Non-Competition Agreements
The business could benefit from a more strategic internal medium/long term sales and marketing planning. It has a simple yet informative website but does very little in the way of proactive marketing. In saying that the website ranks number one on Google for explicit searches for the specialised products and services that the company provides. And it has a new modern website nearing completion.