Business For Sale
On Instructions from:
The Provisional Joint Administrators
SPECIALIST LIGHT INDUSTRIAL MANUFACTURING COMPANY
SOUTH WEST ENGLAND
The Company was established in 1990 and essentially operates within the discipline of manufacturing Ground Support Equipment (GSE) for the aerospace and defence markets.
Historically, the business had a heavy dependency on Westland Helicopters (now Finmeccanica, and recently AgustaWestland or AW).
In recent years the business sought to diversify away from that heavy dependency which, in 2004, was circa 85%.
The Company now has established relationships with other UK aerospace primes.
Company sits at the head of the Chinook CH47 through Life customer support programme and has the authority to recommend suppliers for Boeing approval. It also supplies BAE, Cobham Mission Systems, Thales Underwater Systems, MOD and Amsafe.
The Company is an AS9100 approved manufacturer and supplies a machining, fabrication, fitting and sewing service. In recent years the business has positioned itself as an integrator of supply chains for its key customers.
The company operates from leasehold premises and currently have 25 employees, including Directors.
Reviewing recent trading history, this is summarised as:-
£2,990,733 (31/03/2015 )
£926,060 (31/03/2015 )
Profit/(Loss) for the year:
(-£174,133) (31/03/2015 )
* At year ending 2013, an inter-group debt of £2m was written off which resulted in the loss.
The appointed sole agents, subject to execution of a NDA are able to supply, at short notice full details of subsisting Leasehold Interest, detailed Trade Inventory, Forward Order Book, Work in Progress, Stock and Consumables and all other relevant information.
OFFERS IN THE ORDER OF £100,000 exc. VAT – Subject to Contract