Details

We are instructed as agents to assist proposed Administrators with the disposal of the business and assets of Consulting Engineers operating in the energy sector.

The business specialises in solutions for gas and oil processing including transport and storage. Management have over 40 years’ combined experience in the sector working internationally on new infrastructure and process optimisation projects including gas processing, terminal storage, LNG and sustainable energy.

Offers are invited for the purchase of the Company’s business and assets.

Staff:  The Company currently employs 23 members of staff comprising: Directors – 2 Head office support (Accounts/Marketing/HR) – 5 Engineers– 16

The Company utilises the services of additional Engineers on a consultancy basis

Premises: The Company operates from leasehold premises. The lease is held by an associated company so relocation may become necessary.

Assets: The Company utilises specialist software, it also utilises a trademark and industry accreditations. Certain software and licenses employed in the business are subject to lease and transfer may be negotiable.

Customers: The Company currently holds 5 ongoing contracts which are at varying stages and subject to stage payments on application. It also has a base of returning customers which are not contracted but based on long held relationships with senior personnel. Preferred supplier status held with 2 customers.

Financial information: Recent financial performance is summarised as follows:

Financial information: Recent financial performance is summarised as follows:

 

  Draft management accounts year ended

31/08/2021

£

 

Statutory accounts year ended 31/08/2020

£

 

Statutory accounts year ended 31/08/2019

£

Turnover 3,088,144 5,154,788 6,172,664
Gross Profit 378,375 578,929 157,258
Operating Profit/(Loss) (632,849) (768,847) (1,135,513)
Net Profit/(Loss) before tax   (788,596) (1,427,496)

Financial difficulties have resulted from a significant customer dispute in 2019 and associated legal action.

Viewing Details

Expressions of interest are invited with offers to be submitted by 12 noon on 11 October 2021

Case Manager : Paul Cooper 

To request a Non-Disclosure Agreement please contact [email protected]

 

Location

Head office located in Yorkshire, operating in international markets

Status

For Sale

Method

Business for Sale

Bidding ends

Ref

Project Oscar

Category

Business & Trading Assets

Call +44 (0)345 130 3332 to request a viewing