Business for sale

Business description

This is a wonderful opportunity to acquire a Hydraulic Engineering company that has worked closely with the offshore Oil & Gas Industry for over twenty four years. They offer a full turnkey solution for their customers and are the leaders and innovators in design, manufacture and repair of Hydraulic Cylinders and Hydraulic Systems. The customer database includes world renowned Blue Chip clients with over 95% of their business coming from these regular repeat customers.

The company is registered ISO 9001 2000 Quality Management System and previously held the equivalent BS5750 since 1992. There are three separate divisions within the company each of which is offered as part of the total sale.

The company is expert in redesigning all types of equipment for greatly improved reliability and performance, with allied reduced maintenance costs. The ability to deliver skills and accuracy for such demanding industries are a testament to the company’s reputation as an innovator and supplier of the highest calibre. They have also developed and designed three unique hydraulic systems three of which have international patents in place with the most recent a “rig skidding system” which has attracted attention from the world largest petrochemical companies, one of which currently has the device on trial.

The business runs from three factory units on an industrial estate in the North East of England. Two of these units are owned by the vendors of the business and the other unit which is adjoining was rented as the company expanded its operations in 2007. Within the factories there are specialist facilities including an explosion chamber with digital cameras, a hard chrome plating facility with a plating tank measuring 3 meters deep and 1 meter diameter, a full Auto CAD drafting facility plus in-house computer controlled design centre, a state of the art remote hydraulic testing area and in-house lifting capacity. The company have consistently and regularly invested in state of the art machinery and equipment, and pride themselves as being at the forefront of hydraulic engineering developments.

This is a company that is big enough to take on the larger contracts while maintaining a “hands on” approach, indicative of the highly motivated smaller company.

This is a truly exceptional opportunity that has come about through retirement of both partners and ill health to one of them. The future is bright for this company with many projects in work at present and many more in the pipeline. One of the projects at present is an offshore trial for a new device which is being carried out by one of the world’s largest oil companies with the prospect for further orders in the pipeline.

The company is profitable with a highly skilled and competent management structure in place. The business runs smoothly with good cash flow and has continual work in progress. There is significant income to come from the world wide patents that are already in place plus the daily repair and manufacture of customers own hydraulic systems.