CNC Precision Engineering Company

Offer Deadline:

Wednesday 22 May 2024, 10am BST



DOWNLOAD NDA

Project Puma

Acquisition Opportunity

Hilco is delighted to offer for sale the business and assets of a CNC precision engineering company, established over 50 years ago.  The Company specialises in small to medium batch high precision milling and turning and has the benefit of long lasting, valuable and important customer relationships. Based within the M25, the Company utilises quality modern machinery to produce complex parts from a range of materials for clients in various sectors.

Offers are invited for either the share capital, or the business and assets via a ‘pre pack’ administration process.

Business Highlights

  • Framework agreements with established client base in the following sectors:  petro-chemical, aerospace, high purity valves, defence, electronics, medical and automotive components etc
  • Works with a wide range of standard and difficult to work with materials including super duplex, monel, inconel, titanium, hastelloy, brass, bronze and plastics
  • Has the capability to accommodate urgent requests without compromising existing deadlines due to the extensive range of equipment and skilled staff
  • Provides finishing, testing and assembly services
  • Strong order book
  • Range of modern high quality CNC milling and turning machines
  • Operating from fully fitted leasehold facilities in London
  • Highly experienced and skilled team
  • Current Turnover c. £1.25m pa (£1.43m pa to May 23)

Business Assets

Plant & Equipment – Modern CNC machinery, quality & inspection machinery, office furniture & equipment and associated assets. Key assets include:

  • 1x Doosan NHP5000 CNC  Horizontal Machining Centre – (2022)
  • 2x Doosan DNM 500 CNC Vertical machining centres – (2011/2010)
  • 2x Daewoo Puma 2000SY CNC Turning Centres (2005/2006)
  • 3x DAEWOO Puma 2100  CNC Lathes (2012/ 2022/2023)
  • 2x Doosan Lynx 220LYC CNC Turning Centres (2013/2015)
  • 1x Haas VM-2 SE Vertical Machine Centre (2007)

Stock – A range of raw materials including valuable inconel and duplex, with a cost price of c.£200,000 (TBC)

Leasehold Properties – Machine shop and office (detached buildings held on separate leases)

Intellectual Property Assets – The established brand name, web domain,  copyright in the content of website, customer database, social media accounts

Organisational Knowledge – An established and skilled team with proprietary know how

Goodwill – The valuable goodwill attaching to the business

Sale process and Further Information

The deadline for offers is Wednesday 22nd May 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