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    Contractor for commercial property refurbishments - United Kingdom - Dealopportunities

    Dealopportunities
    Dealopportunities United Kingdom

    3 weeks ago

    Default job background
    Freelance
    Description

    Project Meyrick utilises a flexible workforce to undertake refurbishment

    and extension projects on a wide array of premises, including education
    establishments, hotels, NHS buildings and residential properties.
    The company offers an all-encompassing solution for each project, from
    estimating to handover. Services include mechanical and electrical works; internal and external decoration; groundworks and landscaping; and the installation of flooring, structural elements, facilities, and premises-specific furniture.
    The business can scale its activities to suit evolving requirements, effectively
    completing small works through to £2m schemes.
    Our client is offering the company for sale to facilitate lifestyle changes.
    Offers invited.

    Highlights

    • Accredited by CHAS Advanced, Constructionline Gold, and SafeContractor.
      Also operates to ISO 9001, 18001 and 45001 certification standards.
    • Works with schools, universities, Government departments, local authorities,property developers and other organisations, primarily in the Midlands.
    • Generates 10% of its income from nationwide projects, presenting vastpotential for geographical expansion through existing clients.
    • A manager has demonstrated the necessary skills and expertise required toabsorb the director's responsibilities, post-sale, subject to further managementsupport.
    • Operates from leasehold office and storage premises. The centralised locationfacilitates easy access to clients' sites throughout the Midlands and the widerUK.
    2021 (Actual)

    2021 (Actual) 2,

    2022 (Actual)

    2022 (Actual) 5,

    2023 (Actual)

    2023 (Actual) 6,

    2024 (Forecast)

    2024 (Forecast) 7,101 1,003

    2025 (Forecast)

    2025 (Forecast) 8,379 1,192

    Year

    • Generated a YE23 turnover of £6m, with an adjusted EBITDA of £843k.
    • Projected to achieve a turnover of £8.3m by YE25, with the adjusted EBITDAincreasing to circa £1.2m.
    • All income is secured through contracts, and there is loyalty from blue-chipclients; 90% of clients appoint the business for multiple projects.
    • Procures approximately 70% of its revenue from four key frameworkagreements, three of which will be in place until at least 2026.
    • In an advantageous position to be awarded a subsequent contract with a largeblue-chip client in autumn 2024.
    • Has a strong 2024 pipeline in place, with £5m worth of works scheduled. Thebusiness is ideally positioned to advance its activities for existing clients, withscope to attain a further £2m. Outstanding tenders total £5m.

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    All the information available to us for this opportunity is shown above. We do not have any additional information.

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