Chain of London Based Timber & Builders Merchants

Offer Deadline:

Monday 22 April 2024, 10am BST



DOWNLOAD NDA

Project Pinnacle

Hilco is delighted to offer for sale the business and assets of Project Pinnacle as a going concern, an independent chain of builders and timber merchants selling to trade professionals and the general public. The business offers an excellent opportunity, either as a standalone company with scope to scale existing operations, or as a bolt on to an established operator in the sector.

The salient details on the business are as follows:

  • Well-known and long-established business offering an extensive range of timber and building materials
  • Trading from 6 fully equipped premises in and around London
  • Freehold interests of two London properties available
  • Extensive product range extending to c.50,000 SKUs
  • Substantial customer databases covering both trade and retail customers, including a significant number of trade accounts
  • Longstanding and established supplier base for general timber and building materials as well as industry branded products and equipment
  • Significant stockholding (cost price £2m+)
  • Experienced and skilled workforce of approx. 60 employees
  • 12 months turnover to March 24 c. £10.5m pa (gross profit c £3.5m). 2022 turnover c. £16m (gross profit c. £6.7m)

Business Assets 
Available assets include:

  • Property Interests – The freehold and leasehold properties
  • Stock of Building Products – A wide range of products/brands (cost price in excess of £2m)
  • Intellectual Property Assets – the established brand name, copyright in the website content, domain names, customer databases and trade accounts, social media accounts
  • Branch Equipment – the fleet of 16 vehicles (10 freely owned), forklifts, racking, office furniture and IT equipment
  • Goodwill – the valuable goodwill attaching to the business

Sale Process and Further Information

The deadline for offers is Monday 22 April 2024, 10am BST.

On receipt of a signed non-disclosure agreement (NDA) access will be provided to a virtual data room housing additional information. To access the NDA please click the link, sign and return via email to  apercival@hilcoglobal.eu

Terms and Conditions

No warranties, express or implied, are provided in relation to any information or statements made in connection to this opportunity. The information contained herein, and within the project dataroom, has not been verified by Hilco and prospective purchasers must undertake their own due diligence to satisfy themselves as to the accuracy of all such information and any statements made. Hilco’s full Terms and Conditions apply.  Hilco acts as agent for the Vendor who offers for sale only such right, title and interest the Company possesses in the assets.

Contacts

Myles Hall

Analyst

London Office

+44 (0) 7513 830357

mhall@hilcoglobal.eu

Nick Hughes MRICS

Senior Director

London Office

+44 (0) 7979 541238

nhughes@hilcoglobal.eu