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CONFIDENTIAL SALE
FOR SALE
25/03/24
608729
155756 / Rightbiz
The company utilises its trucks and specially designed trailers to undertake the haulage of steel materials, including wide, slit and perforated coil steel; steel blanks, sheets and plates; rolled steel products; and machinery for the steel industry. Supplementary revenue is procured through trailer rental and diesel sales.
The business has continually invested in its fleet. The total asset register, which also includes other plant, equipment and vehicles, holds a net book value of £364k.
The company provides its services throughout the UK, working with steel stockholders, suppliers and importers, as well as ports and freight forwarders.
Our clients are now offering the business for sale to facilitate lifestyle changes and eventual retirement plans. Offers invited.
Key Highlights
- Has retained membership of the Road Haulage Association for over three decades.
- All vehicles are compliant with the Euro 6 standards.
- Strong second-tier manager who can absorb the managing director’s duties.
- Highly skilled and proficient in-house team of drivers in place.
- Operates from rented premises, though could be relocated.
- Key clients are experiencing an uptick in work, which is anticipated to increase the number of upcoming haulage jobs scheduled by the company.
Financial Highlights
- Generated a YE23 turnover of £922k, with an adjusted EBITDA of circa £140k.
- Adjusted EBITDA is projected to increase to £167k in YE24.
- Average adjusted EBITDA margin of 21% between YE21 and YE23.
- Up to 99% of the business’s income is generated by existing clients, and some relationships with prominent organisations have been in place for numerous decades.
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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