Total of 18657 firms and businesses for sale today Thursday 28th March 2024
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Sold. Specialist Suppliers Of Tubular Products And Accessories To The Oil, Gas And Petrochemicals Sectors

LISTING DETAILS
Firms For Sale ID:
32732
Vendor reference:
ER015
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£305,000  
Turnover / revenue:
£1,913,000
Net profit / cashflow:
£181,900
Years established:
15
Number of employees:
5
Employees / staffing:
The Owner is ultimately responsible for the financial performance of the business – but is increasingly divorced from its day-today running supported by a Sales Manager, a Commercial Manager, a Project/Sales Co-ordinator together with two further employees in administrative and accounts support.

OTHER DETAILS
Reason for selling:
The current Owner wishes to retire early due to ill health
Support and training:
The current Owner will provide all necessary support and training to ensure a smooth transfer of the business to new Owners.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The business occupies part of a floor in a shared office block. Rent is approximately £12,000 per annum. Rates are approximately £1,000 per annum.
 
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BUSINESS DESCRIPTION
Specialist suppliers of tubular products and accessories to the oil, gas and petrochemicals sectors
Ref.ER015
Location London
Asking Price £ 305,000
Established almost fifteen years ago by the current Owner following a longstanding and successful career in the same industry, this business has rapidly grown to become one of the leading providers of pipe and tubular products and accessories worldwide. Specalising in the oil, gas and petrochemical sectors, the business has a worldwide Client base – with its main markets in the energy producing countries in Africa, the Far and Middle East and the Gulf. Clients range from engineering contractors, local stockists and distributors right through to the end users themselves- the oil and petrochemicals companies, who make up between 60% and 70% of turnover. Approximately 5% of sales are to the UK domestic market.

Based in very well suited, low overhead premises within easy reach of Heathrow and Gatwick airports, this business provides the complete package of materials for any particular project. The business offers the widest range of tubular products in steels, alloys and plastics, together with associated valves and accessories. Orders placed or won by the business range from as little as £250 for a small part in a single order right through to 23 million Euros for a project recently won, spanning several years. Materials - linepipe, OCTG, fittings, flanges and valves etc - are procured from the most appropriate manufacturers from across Europe, consolidated and shipped usually direct to site and according to agreed contractual arrangements, using European based warehouse and logistical support facilities.

As would be expected by customers operating in some of the most demanding of environments, the business and its sub contractors operate to the very higest quality standards – specifically designed procedures monitored via in-house and external inspections/audits according to ISO 9001-2000,

Market / Competition / Non-Competition Agreements
Well established and with an excellent reputation, aside from literature produced to outline its scope of services, this business has little need of heavy investment in marketing and advertising. Its Commercial Manager is very active frequently traveling to maintain and build its network of contacts. The business also supports the marketing activities of its excellent network of Sales Agents – at local exhibitions, for example.

The business also has a very well designed, informative and easy to navigate website which performs very well in all of the major search engines for all appropriate search terms and enjoys high levels of repeat business – frequently being taken from one company to another when a contact switches jobs. By far the most effective form of marketing for the business, however, is the strong word of mouth recommendation the business enjoys, testimony to the very high regard with which the business is held throughout the industry.