Phone: +44 (0)20 7374 5300

Email: info@hilcoglobal.eu

Acquisition Opportunity

Bid Deadline:
Monday 29th November 2021 at 2pm GMT

Vehicle Accident Repair Centre

Hilco Valuation Services (“Hilco”) is pleased to offer the opportunity to acquire the business and assets of ‘Project Driver’ (‘The Company’) a leading south Midlands based vehicle repair centre.

Background

The team of highly skilled and experienced technicians undertake all accident repairs on cars and commercial vehicles.  The Company is an approved repairer for major insurance companies with the majority of the repairs undertaken on behalf of national Accident Management companies, with whom a number of contracts are held.

The Company operate from a fully fitted leasehold premises with modern state of the art facilities and equipment throughout, including a bodyshop providing structural steel and aluminium repairs and a paint shop, with a dedicated customer lounge.

Pre Covid turnover was c. £2.9m pa, with current t/o c. £1.8m pa on a pro rata basis.

Assets For Sale

Customer Contracts

A range of contracts held with Accident Management companies including the leading national operators.

Leasehold Property

The property is in an established motor trade location and comprises an industrial unit totalling c. 18,150 sq ft, including offices, which has been fully fitted to suit the requirements of the business with ample external parking.

Repair Centre Equipment

A range of repair equipment, all of which is modern and of high quality.  Key items include a 3d wheel aligner, spot welding machines and guns, XL car body jig, purpose bult spray booth and 3D measuring system and a recalibration unit.  Certain assets are held subject to finance agreements.

Intellectual Property

In addition to the company website, Facebook, Instagram and Twitter social media accounts are held.

Sale Process

On receipt of a signed non-disclosure agreement (NDA) access will be provided to a virtual data room housing additional information on the opportunity. To access the NDA please click the link below then sign and return it via email to Anne Percival at apercival@hilcoglobal.eu. All expressions of interest and bids are to be directed to Nick Hughes and Roland Cramp of Hilco whose details are below. 

DOWNLOAD NDA HERE

Key Terms & Conditions

The bidder acknowledges that Hilco acts as an agent and has not verified the information in this teaser. A sale will be completed without any warranties, expressed or implied. Hilco has not verified the information provided, and bidders are deemed to have carried out their own due diligence. 

Contacts