Specialist Fit Out Contractor

Offer Deadline:

Sold

Project Raise

Acquisition Opportunity

Hilco is instructed to offer for sale the business and assets of a multi award winning specialist fit out & refurbishment contractor that operates in multiple sectors, specialising in hospitality and leisure.

• Long established business trading for c. 48 years offering high quality main contractor, project management and fit-out services on projects throughout the UK
• Extensive client base of leading industry brands including numerous national chains, resulting in an enviable portfolio of completed projects
• Electrical contracting division working on both company and third-party projects with a 2023 turnover of c. £4.75m pa
• High average job value in the order of £2m
• Extensive work in progress – in excess of £15m to invoice over 25 projects
• High value pipeline of c. 25 projects
• Experienced and knowledgeable team of c. 60 employees, many with highly valuable client relationships
• Established systems, procedures and infrastructure to deliver high quality projects
• Turnover: Jan – June 24 c.£25m, 2023 c. £37m, 2022 c £44 m.

Business Assets

WIP & Pipeline – The significant value of current work in progress, tendered and prospective projects
Employees – The team including key fee generating employees with strong client relationships
Intellectual Property – The established brand name protected by a trademark, various domain names, copyright in the website content, database of sub contractors and suppliers, social media accounts
Customer Database – c 2000 contacts including operators, designers and QSs
Company Infrastructure – The proven company systems, procedures and infrastructure
Goodwill – The valuable goodwill attaching to the business
Leasehold Properties – Various office and storage premises used to operate the business