Acquisition Opportunity - Project Suede

Mazars LLP is seeking potential purchasers for a business operating in the plastic manufacturing and injection moulding sectors.

Overview

The Business operates from leased premises in the Midlands employing c.60 staff.

Its primary activity is bespoke plastic manufacturing inline with its clients' specifications backed by the relevant quality accreditations. The Business services a variety of industries with its most predominant being the automotive industry.

The Company’s assets are its: plant and equipment, motor vehicles, stock, operating knowledge and expertise, customer base and intellectual property including business name.

Way Forward

Further information will be available on request and will be provided upon receipt of a signed non-disclosure agreement. The marketing is undertaken on a compressed timetable and as such offers should be submitted along with proof of funding as soon as possible and no later than 12 May 2023.

Key selling points

  • Name and brand respected throughout the industry with exceptional reputation for quality
  • Well-established customer base
  • Experienced skilled staff

Profit and Loss

£'000

FY23

FY22

FY21

FY20

Actuals to January 23 + Forecast

Unfiled

Filed

Filed

Turnover

7,916

7,775

8,131

5,499

Cost of sales

(6,430)

(6,179)

(6,683)

(4,591)

Gross profit

1,486

1,596

1,448

908

GP%

19%

21%

18%

17%

Other operating income

-

-

14

168

Overheads

(1,096)

(887)

(1,072)

(731)

Net profit before tax

390

709

390

345

Interest

(132)

(139)

(142)

(134)

Depreciation

(205)

(212)

(210)

(228)

Net profit before tax

53

358

38

(17)

Tax

-

-

10

5

Net profit after tax

53

358

48

(12)

Retained earnings b/f

1,129

879

1,078

1,496

Dividends

(60)

(108)

(247)

(406)

Transfer to reserves

1,122

1,129

879

1,078