Business For Sale

Specialist Manufacturer of Plastic Injection Moulds (Toolmakers) and Provision of Plastic Injection MouldingsKey markets include medical, telecommunications and aerospace

Ref: JH033

Location: Buckinghamshire, England

Asking Price: £240,000

Annual Turnover: £521,000

Annual Net Profit: £80,000

Gross Profit: £151,000

EBITDA: Not Set

Premises Type: Leasehold

Business Description

Business Profile

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.

Equipment/Capacity:

The company has a comprehensive catalogue of quality machinery including modern CNC EDM CNC spark erosion machines as well as modern hi-tech inspection equipment.

The business operates from large, modern facilities in a busy industrial park and is close to main trunk roads such as the M40 Motorway, the M25. And close to London international airports.

Customer Service:

This is a key area of strength for this business. The company is a quality driven organisation and has never failed to successfully meet a customer’s requirements.

The company has a small management team taking care of day to day customer relations; this together with speed of response and consistent quality of product ensures significant levels of repeat business. New business creation is achieved through the internet with some keywords ranked number one on Google and other search engines. Client testimonials and word of mouth within the market also accounts for a constant stream of new business.

Key Strengths:

The company is financially strong with a very good asset base and operates from ideal leasehold premises. The company is benefitting from on-going investment. It is growing year on year in terms of customers and financial performance and it consistently generates impressive profits.

The business is a multi-skilled operation that can undertake a large variety of projects due to the impressive infrastructure it has in place. Both large and small component quantities can be produced side by side. The internal skills are high and the company’s reputation is global and very strong.

The business is established and profitable with a broad and diverse client base and has regular customers with no single customer accounting for a disproportionate percentage of turnover. The business retains a high level of historical clients. It has superb internal quality systems and an excellent health and safety record.

The company has earned an outstanding reputation for its honesty, integrity, technical ability, service and reliability.

Key Opportunities:

This is an outstanding opportunity to build on the existing products, services and customer base of this leading company. With a strong demand and impressive profitability, combined with a capacity to increase turnover, a new owner contributing fresh ideas and energy levels will have every advantage of building on an excellent platform to take this business to its next level.

The business maintains many satisfied customers, who appreciate the company s superior products and skill sets, attention to detail, value for money and service.

There are many excellent avenues for growth, especially within the current operations capacity. A dedicated sales and marketing effort would yield significant levels of additional business and profitability as, by its own admission, the business tends to be reactive rather than proactive in its approach to sales and marketing, as it has no formal sales team.

Confidentiality Form / NDA

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Premises

Premises:

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.

Business Hours:

The business currently operates on a one shift system, Monday to Friday. This could be expanded if need be.

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Employees

Employees:

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

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Financial Performance

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Turnover circa £521,000 per annum
Adjusted Net Profit circa £80,000 per annum
Gross Profit circa £151,000 per annum
Net Assets circa £87,000 (Estimate)

The Asking Price is for 100% of the issued capital of the company based on Net Assets being circa £87,000. There will be a £ for £ adjustment to the asking price to reflect any rise or fall in this net asset position as at completion.

The business has a clean bill of health with no loans or HP outstanding.

Asking Price:

The asking price of £240,000 plus net assets for 100% of the ownership of the business on completion (calculated on a zero cash-zero debt basis).

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Confidentiality Form / NDA

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Potential

Growth and Expansion:

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.

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Competition

Advertising and Marketing:

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.

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Confidentiality Form / NDA

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Reason For Sale

Reason for Sale:

The owner is planning his exit strategy due to pending retirement.

Looking for finance ?

If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at finance@turnerbutler.co.uk

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Support Training

Support and Training:

The current 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.

Confidentiality Form / NDA

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Confidentiality form / Non-disclosure agreement

Turner Butler Confidentiality Agreement

CONFIDENTIALITY UNDERTAKING

‘You’ and ‘your’ means Turner Butler Limited a company registered in England and Wales under company no. 08137440, registered office Woodwater House, Pynes Hill, Exeter, EX2 5WR, trading as Turner Butler and shall be deemed to include any company or firm to which you delegate all or any part of your services for the Clients

‘Clients’ means any person, firm or company who or which has engaged your services including parent companies and subsidiaries and all associates and affiliates of such person firm or company including without limitation any associated company or business and any shareholder in such company or principal or partner in any such business any director member or other officer employee contractor consultant or agent of any such party or a family member of any such party or any other connected person together with the owner of any asset used in or for the benefit of the business operated by the Clients

‘Data Protection Legislation’ all applicable privacy and data protection laws including the General Data Protection Regulation ((EU) 2016/679) and any applicable national implementing laws, regulations and secondary legislation in England and Wales relating to the processing of Personal Data and the privacy of electronic communications, as amended, replaced or updated from time to time, including the Privacy and Electronic Communications Directive (2002/58/EC) and the Privacy and Electronic Communications (EC Directive) Regulations 2003 (SI 2003/2426)

‘We’ ‘us’ and ‘our’ means the undersigned individual and any business or company which the undersigned represents including its parent companies and subsidiaries, or a group of connected individuals, companies or undertakings, together with all associates or affiliates of such persons firms or companies including without limitation any associated company or business and any shareholder in such company or principal member or partner in any such business any director or other officer or employee contractor consultant or agent of any such party or a family member of any such party or any other connected person

‘Confidential Information’ means information (in whatever format and medium and whether written or oral) and every part of it directly or indirectly concerning the business or businesses of your Clients together with any other information which you or your Clients designate or identify as being confidential

1. In consideration of you and/or your Clients disclosing or agreeing to disclose to us Confidential Information, we undertake both to you and separately to your Clients that we shall:

1.1 treat all Confidential Information as being strictly private and confidential and shall maintain its status as such;

1.2 use all Confidential Information solely for the purposes of evaluating the business to which it relates (the ‘Permitted Purpose’) with a view to the acquisition of the issued shares of your Clients or any of the assets of your Clients (the ‘Proposed Transaction’), and not for any other purpose (including but without limitation to procure any commercial advantage over you and/or your Clients);

1.3 provide you with all information, co-operation, facilities and access to enable you and your Clients to perform your and their legal, regulatory and contractual obligations prior to or after the Proposed Transaction and to monitor our observance of this Undertaking;

1.4 not at any time disclose or otherwise make available to any person any of the Confidential Information other than to:

1.4.1 such of our directors/partners/members or other members of senior management whose knowledge of such Confidential Information is essential to achieve the Permitted Purpose;

1.4.2 any professional advisers acting on our behalf in connection with the Permitted Purpose and Proposed Transaction;

1.4.3 any other financial institution from which we may seek finance for or in connection with the Proposed Transaction;

1.4.4 any other person approved in writing in advance by you or your Clients;

1.5 procure that any of the persons referred to in paragraph 1.4 to whom all or any of the Confidential Information is disclosed shall hold it strictly confidential and shall not disclose it to any third party except to those persons as permitted by paragraphs 1. 4.1 to 1.4.4, in which event our obligations to procure the confidentiality of such information shall apply mutatis mutandis in relation to such persons and;

1.6 maintain a list of individuals or entities to whom any Confidential Information is disclosed and make such list available to you upon request;

1.7 except with your or your Clients prior written consent not reproduce the Confidential Information (in any medium in whole or in part) and we shall whenever requested by you or your Clients, return, and procure that there is returned to you, immediately all matter in tangible form which constitutes the Confidential Information, or any part of it, together with all copies (whether supplied to or made by us) and we will destroy and expunge from any storage media (and procure that any persons referred to in paragraph 1.4 to whom Confidential Information has been imparted confirms to you in writing that they have destroyed and expunged from any storage media) any analyses, compilations, studies, reports and other documents or materials supplied to us or prepared by us or on our behalf which reflect or are prepared from any of the Confidential Information;

1.8 not at any time disclose to any third party the fact that negotiations or discussions are taking place or have taken place concerning the Proposed Transaction or any of its terms or conditions;

1.9 promptly advise you of the information, co-operation, facilities and access provided by your Clients to us, the progress of all enquires, the making, acceptance or rejection of any offer to or by your Clients, the outcome of the due diligence and the negotiation process and will disclose to you in writing all documents and information in our possession, power or control relating to the evaluation and acquisition process including the final terms of the Proposed Transaction or any other transaction between us and your Clients;

1.10 within ten working days of completion notify you in writing by recorded delivery (and we shall retain confirmation of postage and delivery) of all of the terms on which the Proposed Transaction or any other transaction between your Clients and us has been concluded;

1.11 not whether by use of the Confidential Information or otherwise make contact or approaches of any kind to the staff, customers or suppliers of your Clients or any governmental or regulatory body nor with any other person connected with your Clients without your or your Clients’ prior knowledge and written consent;

1.12 not from the date hereof until five years from the termination of negotiations (except in the case of completion of the Proposed Transaction between your Clients and us) directly or indirectly seek to entice away from the business of your Clients or employ or engage any employee, officer or contractor of your Clients or otherwise seek to interfere with the business of your Clients

1.13 notify you promptly upon becoming aware of any unauthorised disclosure, copying, use or loss of all or any part of the Confidential Information and we accept that we shall be responsible for any breach of any of the terms of this Undertaking by us or those persons to whom we provide the Confidential Information.

1.14 upon request and at our expense confirm to you by statutory declaration or in writing (at your option) our compliance with the provisions of this Undertaking.

2. We further confirm that:

2.1 we have sufficient funds or access to funds to complete the Proposed Transaction at the price at which it is advertised;

2.2 we are acting in this Proposed Transaction as principal and not as agent or broker for any other person or company and that our interest is in acquiring your Clients business for the purposes of our business and in the case of a share purchase agreement, we confirm that our purchase will consist of all of the issued shares;

2.3 we will not and have not entered into any agreement in reliance upon any representation written or oral made by you or on your behalf;

2.4 you are not responsible for and do not make any representation or warranty, express or implied, with respect to the accuracy or completeness of the Confidential Information or the contents of any other document or data supplied to us in relation to our evaluation of your Clients;

2.5 the delivery to us of any information (including, without limitation, budgets and financial forecasts and projections which may form part of the Confidential Information) does not, and shall not be deemed to, constitute any representation or expression of opinion or warranty by you as to its accuracy or completeness;

2.6 you will not be liable for any loss or damage suffered or incurred by us as a result of the supply by you, your Clients or your Clients advisers and the use by us of any information, including the Confidential Information, (in particular but without limitation) as a result of any errors or inaccuracies in any of the information;

2.7 we shall enter into a separate agreement in the terms of this agreement with your Clients immediately upon being requested to do so;

2.8 none of your or your Clients’ proprietary rights in the Confidential Information or in any of their intellectual property is transferred or licensed to us by virtue of this Undertaking;

2.9 no right or licence is granted to us or our advisers in relation to the Confidential Information except as set out above;

2.10 you as the Data Controller (as defined in the Data Protection Legislation) may hold and process any data and information provided by us and you will have unlimited rights to use such information in any way you choose in connection with the Proposed Transaction, including without limitation, disclosing our data to your Clients who have an interest in the Proposed Transaction and the publication of details of the Proposed Transaction after completion and you may contact us by any means including without limitation mail, SMS text messaging, email, fax or telephone;

2.11 nothing contained in this Undertaking shall compel you to provide us with information relating to your Clients which we request and you shall be entitled at your discretion to decline to supply us with all or any information;

2.12 nothing contained in this Undertaking shall in any way restrict our right to use, disclose or otherwise deal with any of the Confidential Information if and to the extent that at the time it was imparted to us it was in the public domain or it subsequently becomes so available, other than as a result of a breach of this Undertaking by us or by any person referred to in paragraph 1.4;

2.13 if we enter into any transaction with your Clients other than the Proposed Transaction whereby your Clients acquires or agrees or takes an option to acquire any asset or right or an interest or share in any asset or right from us or enters into any other form of venture contract or arrangement with us we shall be responsible for your remuneration in accordance with your terms of business for sellers as at the date of this undertaking (a copy of which will be made available to us upon request);

2.14 we shall indemnify you and keep you indemnified and separately and independently each of your Clients indemnified from and against all and any losses, claims, actions, damages, costs and other liabilities which you or they may suffer or incur arising out of any breach or non-fulfilment of any of our undertakings and representations contained in this Undertaking and all costs and expenses that you or they incur in relation to the enforcement of the terms of this Undertaking;

2.15 we will be responsible and liable for any breach of any of the terms of this Undertaking by any person referred to in paragraph 1.4;

2.16 damages may be a wholly inadequate measure of loss in the event of any breach of the terms of this Undertaking and accordingly agree that in such event you and/or your Clients shall be entitled to seek specific enforcement of these terms (by injunction or otherwise) on such terms as any court with jurisdiction may deem just and proper;

2.17 we have read and accept fully the Disclaimer attached to the Memorandum of Sale that you have prepared for your Clients;

2.18 any failure by you and your Clients at any time to enforce or exercise any of your rights under this Undertaking will not be construed as a waiver of your right to enforce or exercise that right in future or other rights under this Undertaking at any time.

3.This Undertaking shall apply in respect of any and every business or Client which you supply to us as if the same were repeated each time we request Confidential Information in respect of one of your Clients

4.This Undertaking is governed by and shall be construed in accordance with English Law and each party submits to the non-exclusive jurisdiction of the Courts of England and Wales

Please arrange for your Clients to contact us.

Business Interest

Below is the information of the business you are interested in.

Specialist Manufacturer of Plastic Injection Moulds (Toolmakers) and Provision of Plastic Injection MouldingsKey markets include medical, telecommunications and aerospace

Business Reference: JH033

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I acknowledge & accept the above terms of this Confidentiality Undertaking

Turner Butler Disclosure Statement

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into.

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts

Turner Butler

Ickenham House, 2-4 High Road, Ickenham, Middlesex, UB10 8LJ
Telephone 0333 1234562 | Facsimile 01895 678532 | Email info@turnerbutler.co.uk | Website www.turnerbutler.co.uk

Specialist Manufacturer of Plastic Injection Moulds (Toolmakers) and Provision of Plastic Injection MouldingsKey markets include medical, telecommunications and aerospace

Equipment/Capacity:

Customer Service:

Key Strengths:

Key Opportunities:

Premises:

Business Hours:

Employees:

Financial Information:

Asking Price:

Growth and Expansion:

Advertising and Marketing:

Reason for Sale:

Looking for finance ?

Support and Training:

Business Interest

Specialist Manufacturer of Plastic Injection Moulds (Toolmakers) and Provision of Plastic Injection MouldingsKey markets include medical, telecommunications and aerospace

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