How are the clients attracted to the business?
Predominately by word of mouth, web site, magazine advertising and repeat business.

What Advertising/Marketing is carried out?
Occasional shows and magazines

Does the business have any contract work?
No

What competition exists?
Very little competition except from cheap inferior imports.

What are the seasonal trends?
No definable seasonal trends.

Is the business VAT Registered?
Yes

What VAT documentation is on file?
All VAT documentation is on file and available to qualified buyers

Are there up-to-date Management Accounts available?
Yes

What Balance Sheet and Income Statements are available?
The annual financial statements for year ended February 2024 from which the figures in the financial report have been extracted and adjusted for the members drawings and non-cash expenses.

What percentage of the business is cash/credit?
50/50

What is the age analysis of the debtors book?
30 days

How could the profitability of the business be improved?
Manufacturing products that are allied to the agricultural sector in which the business operates.

Is Seller finance available and for what amount?
No

What is the total staff complement?
16 excluding the 3 members who are actively involved in the business

Give a breakdown of staff/ functions/ length of service?
Staff functions include CAD drawings, foreman, supervisor, storeman, field service technicians, fabricators/welders, plasma cutter, painter, general assistants and drivers.
Length of service ranges from 2 months to 21 years.

Do any receive special perks or incentives?
No

Are they on contract?
Permanent employees

Do any have management potential?
Yes

How involved is the Owner in running the business?
The three members are involved in the day to day operations

When does the current lease end?
31 March 2025

Is there an option of renewal & what period?
Yes, for 3 years

What is the annual escalation %?
9%

What are the trading hours?
Monday to Thursday 7hr20 - 16hr30.
Friday 7hr00 - 13hr00.

What is the square meters of the business?
2830 sq mt.

Is a copy of the lease available?
Yes, to qualified buyers.

Do you require a licence?
Registered with the authorities as trailer manufacturer and authorised to issue log books (MIB).

What are the main assets of the business?
Heavy engineering plant such as guillotine, lathes, punching machines, drills grinders, plasma cutter, fork lifts, pressure brake and vehicles.

Are any items not included in the sale?
No

What is their overall condition?
Good

Do any require repairing?
No

How have they been valued ?
Machinery by machine agent, vehicles by insurance broker and other assets by Owners.

Which assets are on lease/HP and with whom?
Toyota Hilux 2.8gd-6

Will Seller settle or Buyer to take over?
Seller to settle.

Are copies of agreements available?
Yes, to qualified buyers

Are they presently insured?
Yes

Strengths?
Long established reputable business.
Good quality plant and equipment.
Long serving skilled staff.
Well known brand in the industry.
Flexibility and the ability to react to the changing agricultural market.

Weaknesses?
Skilled staff are in short supply..

Opportunities?
Manufacturing agricultural machinery/products that are allied to the businesses' products. There is a new model currently in the development stage.

Threats?
Cheap inferior imports

What is the reason for the sale?
Owners have no succession plan as their children have no interest in joining the family business and the Owners intend to relocate in the future.

Why is this a good business?
Very little local competition as costs of entry are substantial and business requires skilled staff.
The after sales field service, spares and repairs are a key part of the business.