IT070-Precision Engineering & Manufacturing Parts & Components to the Bus Industry
Business for sale
Asking Price:
£900,000
Turnover:
£1,000,000
Annual profit:
£370,000
Audited accounts:
Yes
Management accounts:
Yes
Years trading:
4
Employees:
No
Photos:
No
Ownership:
Other
Business description
A specialist precision engineering and manufacturing company, producing body parts both aluminum and fiberglass to the bus industry, with clients such as East London Bus Company, Arriva and First London Buses. This business was established in 2005 and ensures realistic lead times, making customer’s parts quickly, accurately, and affordably without compromising on quality.The company philosophy of this successful business is to employ modern machines to do the work, keeping labour to a minimum. Consequently the present owner’s have invested heavily on buying up to date equipment, with the emphasis on buying machines that could be used on an ‘as is’ basis or modified to make components automatically, in the knowledge that competitors were using more labour.
The business has a large range of machinery; from conventional to sophisticated C.N.C. machines, this means that most parts are manufactured in house. The Company is very good at engineering a production solution and is able to make components in the most cost effective way. A "one stop shop" service is provided for customers, taking care of every aspect of making their components from inception to delivering complete onto their production line.
The diverse skilled workforce has levels of expertise that are unrivalled, this knowledge and skill produces various components that are manufactured for a wide cross section of industries.
With its wide capacity range, it offers a very flexible package to its present customers, and potential new customer base. The business works closely with suppliers to ensure that the latest tooling technology and materials are employed, continually looking to enhance operations to the benefit of customers.
