Steel Imports & Export Sales

STEEL  IMPORTER / SALES
Project Argon, the business, is seeking a buyer for the entire issued share capital of a profitable and cash generating business that sells an extensive range of steel profiles, tubes , machined parts and related products to the industrial and commercial markets.
The company has grown into a significant trader supplying precision tubes and components to diversified sectors of industry. The directors are looking to retire, and so consider the time is right for a new owner to build upon what is a highly profitable, cash generative business.
Principal revenue streams come from the sale of seamless & welded steel tubes / profiles and machined components to OEM, Secondary and Tertiary manufacturers . Products are stocked / processed to order or traded back to back which are either collected or delivered directly to customers’ premises. The business supplies a diverse range of customers including construction, yellow goods, toolmakers to both domestic and export markets.
The company functions with a small team of sales, and warehouse operatives. It has an excellent relationship with its well established supplier base from which it can source the range of quality products needed by its customers at competitive prices.
The business has genuine potential for significant growth via an owner who can: Take advantage of the considerable well established customer base to sell both existing and new products,
Use their greater buying power to improve margins.
Reduce overheads by internalising stock and processing as a bolt on business.
The business has a long term successful customer base supplying its products for many years.
Strong track record of cash generation.
FY 01/12/21 till 30/11/22 Sales GBP 2.44 Million / Net Profit GBP 509 K

FY 01/12/22 to date 31/05/23 Sales Order Book  GBP 1.9 Million