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Finance And Services:

Sold. Heavy Duty Timber Access Mats/bog Mats/crane Mats Supply Company Sales & Hire

LISTING DETAILS
Firms For Sale ID:
34916
Vendor reference:
GB208
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£2,500,000  
Turnover / revenue:
£4,500,000
Net profit / cashflow:
Undisclosed
Years established:
40
Number of employees:
11
Employees / staffing:
The owner works full time in the business as Managing Director and is responsible for the key decisions within the company. The owner is responsible for sales but has a small and trusted team of personnel including a part time accounts administrator and part time yard manager at the main site in North West. The company also has an agreement with an experienced third party provider who manages the site in the South East and is responsible for logistics. This is a highly effective model.

OTHER DETAILS
Reason for selling:
Planning exit strategy to pursue other non conflicting interests.
Support and training:
The owner is happy to assist with the hand over and the training so as to ensure the continuity of this successful business. This should be a relatively simple and seamless process as the business model is simple.
Business is relocatable:
Yes
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
Heavy Duty Timber Access Mats/Bog Mats/Crane Mats
Supply Company
Sales & Hire
Ref. GB208
Location North West & South East
Asking price GBP 2.5Million plus stock at valuation (circa GBP 685,000)
Business Profile
This highly successful business supplies timber access mats to construction sites requiring heavy-duty timber access in the most challenging of environments and across soft ground. Mats can be either hired or sold to the customer. The hire option has grown strongly over recent years and is an area of particular opportunity with exceptionally positive financial dynamics.
Key markets that the company operate within include
• Construction
• Civil Engineering
• Plant Hire
• Utilities
• Demolition
• Marine
The firm, with sites in both the North West and South East has a history stretching back more than 40 years. Originally a fencing contractor, management identified a large gap in the market for timber access mats, known generically as bog mats or crane mats and has exploited this market to become one of the UK and Europes biggest bog and crane mat suppliers and has stock located at strategically located depots to enable hire and sale orders to be delivered quickly and efficiently.
The products this company supplies enables access to sites, where ground can become boggy, muddy, slippery and waterlogged, or conversely dry, or hard to traverse (as with sand and silt). The mats allow a temporary road to be built, which can demarcate where vehicles need to travel and to avoid workers on site. They also provide stability for plant preventing topple and overturn and spreading the load of the plant to help distribute pressure.
The mats have a strong environmental rationale. They are used to protect the natural environment and biodiversity on site from ground churn, disintegration and disruption, as well as ground contamination. They can be used to protect turf, paving and even golf courses.
The company is now very much established and is regarded as the leading UK partner for clients requiring timber access mats to construct temporary roadways for a wide variety of uses, from high profile construction projects to wind and solar farms and major pipeline projects.
Clients are based in the UK, Ireland, Europe and further afield. The company boast some 50 regular customers, many of whom are household names in the construction/civils industry. The company has supplied many high profile projects over the years, including construction projects for the London Olympics and GRTGaz pipeline project in France to name just two..
The company supplies product via both sale and hire. The hire model, in particular, is extremely lucrative with payback periods of 9 to 20 weeks against average hire periods of 14 weeks and life expectancy per bog mat can be up to 10 years. In addition there is an established secondary market for the sale of used bog mats making the hire model even more compelling.
Bog mats whilst often a relatively small cost element of a project are mission critical and their effective deployment is pivotal to the success of huge projects. Because of this the company has built an innovative and stable supply chain for bog mats with multiple sawmills in Europe and alternative suppliers available elsewhere so that they offer consistent reliable supply.

Market / Competition / Non-Competition Agreements
The business has its own informative website and carries out its main form of advertising via Search Engine Optimisation (SEO) and Google AdWords. It also has a presence on social media.
The business has a large historical client base and has supplied product throughout the world. It enjoys impressive amounts of repeat /ongoing and referral business from customers which bears testimony to its excellent reputation.