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Business services

Engineering & Consulting Services ; Other Business Service Businesses

After taking an apprenticeship in electrical engineering, with a focus on the testing and servicing of injection moulding machines, the vendor of this well respected business, became self employed in the early 1980 s. Initially the company focused on the contracted service and repair of injection and blow moulding machinery to the wider marketplace. It was in the 1980 s, that the vendor first started buying and selling machinery, after numerous requests from clients to source high quality 2nd hand capital equipment. in the 1990 s the buying, refurbishment, and selling of the machinery took on a life of it s own, and became a major source of revenue. At that time, the current limited company was formed. With a respected and very well known trade name, the business has gone from strength to strength. The vendor kept a service and repair side to the business, building a dedicated and professional team of field engineers. due to the recent market conditions, the vendor took the decision to moth-ball the service side of the business in 2009, and concentrate purely on the buying and selling of machinery. The field service side, still has a very strong name in the industry, and once market conditions are right, this can be easily re-started, or combined with the current business of a new owner. the company has built up stock levels, and currently houses a number of machines, of all sizes, in secure and low-cost warehousing. The market value of the machinery in stock is approximately 500,000. With larger machinery, which is sourced to order, the machines are delivered direct from one premises to another, without storage as this would be un-economic for all concerned. with such a long-standing name in the industry, the company has exceptional relationships with suppliers and representatives of new machinery. This offers the business the enviable ability to source 2nd hand machinery at excellent rates, and with first refusal, in a high percentage of cases. The industry is highly specialised, with around 25 manufactures worldwide. equipment: to run the operation, all client records and trading histroy is computerised, along with the accounts. The company is managed from a home office, with the usual compliment of office equipment. the list of machinery currently held by the company can be requested from the vendor. customer service: the company is dedicated to providing 100% customer satisfaction, making every effort to satisfy the requirements, however big or small of existing and potential customers. It is this flexibility and willingness to go the extra mile that has fuelled its growth to date. This is further demonstrated by the exceptional levels of repeat business and customer loyalty the business enjoys. key strengths: by its very nature, the specific trade name of the company means it is the easiest to find, and the company of choice for those looking to source machinery, or employ a service engineer. the history and the network of links built with others in the industry is a great asset to the business, which can be handed over by the vendor with due care and attention to retain the market advantage. the minimal overheads, and exceptional margins, provide excellent revenue generation potential, and there is a previously successful 2nd route of revenue ready to go. growth and expansion opportunities: alongside the re-emergence of the field service repair and refurbishment side of the business, the company is well placed to source related machinery, and serve a larger geographic region either across the u.k. Or further into europe. The business has established marketing and networking methods. However, further revenue could be driven by a structure approach to internet marketing and search engine optimisation. The website could benefit from an overhaul to bring it up to date in the current market internationally.

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