established in 1986, this excellent electrical engineering and contracting business operates throughout the uk, with the vast majority of its work concentrated within a 75 mile radius of its base in wewlyn garden city . Having been established for nearly twenty five years, this business has experience of every aspect of electrical engineering, working with a number of large electrical main contractors, builders, building services providers and direct for clients undertaking works that vary from minor, small call-out reactive and planned maintenance and repairs to complete design and installation projects. Its full scope of works includes electrical design and installations, planned maintenance, electrical testing, inspection and electrical surveying and the provision of technical reports. Whilst the business's expertise lies mainly within the commercial and industrial sectors it also undertakes retail, office and large residential projects. It also has in place arrangements with a tried and trusted hvac (heating ventilation and air conditioning) business which enables it to tender for large electrical and mechanical projects on a joint supplier basis. The business has some of the most experienced and highly trained staff available. Apart from two administrative personnel, one of whom is the company secretary/book keeper, the staff – a combination of directly employed and sub contractors are fully trained, very experienced, highly skilled and qualified electricians, many having worked with the business for a number of years. Staff are helpful and friendly whilst maintaining a professional attitude and a high standard of workmanship at all times. This business's commitment to quality and safety is paramount. All work is carried out to the highest standards and all materials and accessories are quality approved and comply with the relevant bs codes. All work is carried out in strict accordance with iee regulations and is certificated in compliance with niceic (national inspection council for electrical installation contracting) guidelines, guaranteeing a high level of workmanship. The business is further certified as a part p installer, registered with constructionline, a member of chas (the contractors health and safety assessment scheme) as well as being a member of the trustmark scheme. With turnover for the financial year ending may 2008 of almost £1.2m generating gross profits of £386,000 and pre-tax net operating of £262,000, a healthy balance sheet and a sound forward order book, this is a sizeable regional operator in the electrical contracting sector. As such it represents an excellent acquisition opportunity for a mechanical services business looking to expand the range of building services they offer or another electrical contractor out of area looking to expand their geographical coverage. Plant and equipment this business is as well equipped as would be expected for a business of this scale and stature, operating in this sector. The business owns two fully equipped sign written vans and one company car. Customer service: high levels of personal service sit at the heart of the company’s client engagement strategy. Key strengths having over twenty years of experience in the industry the business has established an enviable reputation for competitive pricing and high levels of client service. This business clearly understands the mechanics of a project and prides itself on ensuring staff and materials are on site at the earliest opportunity and that sufficient resources are available to complete a project promptly – even to the tightest of deadlines. The business has an excellent, loyal team of highly skilled staff – both directly employed and sub contract - with high levels of technical expertise and a good second level of management that over the years has significantly reduced the business’s reliance on its owners. It has adopted a pro-active, collaborative approach working with clients rather than for clients, offering good engineering at a competitive price – finding alternative solutions where necessary to maintain cost effectiveness. It is the nature of the business that once contract negotiations have been completed projects are very fast moving and this business is geared up to cope far better than most – not being satisfied until the whole project is handed over satisfactorily including documents, manuals, drawings etc. This is an extremely well run business. Growth has been steady and well managed with the early years of this business categorised by building long term relationships with clients. The company is debt free. Growth and expansion there is an outstanding opportunity to build on the existing services and customer base of this company. With a strong demand for services combined with a capacity to increase turnover, a new owner contributing additional resources, fresh ideas, drive and enthusiasm will have every advantage of building on an excellent platform. To date most work has been obtained through repeat business and referrals from existing relationships with building contractors, consultants and surveyors. Recent marketing efforts have been directed at developing ‘local’ business, within say 10 miles of the office and particularly larger residential projects – efforts that have yet to fully be realised in the performance of the business. A new owner will have every opportunity to take advantage of these initiatives.
