Business For Sale - Air Conditioning & Heating System Maintenance & Installer

Air Conditioning & Heating System Installer and Maintenance Business in the South East of England/South Midlands Areas (“the Company”)

An air conditioning & heating system installation and maintenance business, established over 17 years ago and based in the South East of England/South Midlands area, offering a full range of air conditioning and heating system installation and maintenance services, with a turnover of c.£9.2m in year to 31 May 2020 and c.£13.5m in year to 31 May 2019.

The Directors are looking to conduct a sale of the shares, or business and assets, of the Company. The Company is an air conditioning & heating system installation and maintenance business, offering services across the South East of England/South Midlands area. The Company principally operates from leasehold premises in South West London, with 3 years remaining on the lease.

The Company offers a wide range of services, including the installation and maintenance of: air conditioning, comfort cooling, ventilation, heating, plumbing or public health services, boiler services, renewable technologies. In addition, the Company offers services in: plumbing and drainage, building management systems, electrical and full-site planned maintenance.

The Company employs 21 full time employees, comprising 2 Directors, 1 sales director, 5 maintenance staff, 5 plumbing staff, 3 design staff, 4 finance/administration staff and 1 cleaner.

Assets available for sale include an operational business, debtor book, future orders/projects, fixtures, fittings, office furniture and computer equipment and plant & machinery.

Turnover per management accounts for the year ended 31 May 2020 was c.£9.2m, and earlier years’ statutory accounts show c.£13.5m to 31 May 2019 and c.£14.7m to 31 May 2018.

To protect the Company’s goodwill and trade, it is proposed that any sale will need to be completed as quickly as possible and, as such, this opportunity is only likely to be available for a short period of time.

Following receipt of expressions of interest, and a signed Non-Disclosure Agreement, brief sales particulars will be provided via a data room. Offers for the purchase of the business and/or its assets as a going concern, by way of sealed bids, need to be sent to Smith Cooper by 12 noon on 26 February 2021, together with evidence of funding.

When submitting your offer, please provide contact details of your solicitors and evidence of funding to expedite matters.

If you are interested in pursuing this opportunity further, please contact one of the following for additional information:

Dean Nelson
+44 (0)1332 332021
dean.nelson@smithcooper.co.uk

Andrew Stevens
+44 (0)1332 332021
andrew.stevens@smithcooper.co.uk

Smith Cooper, St. Helen’s House, King Street, Derby, DE1 3EE

This document is directed only to Recipients who may be interested in making an offer that would qualify for exemption under Article 62 (Sale of a Body Corporate), or to Investment Professionals as defined by Article 19 and High Net Worth Entities as defined by Article 49, of the Financial Promotions Order 2005. No other persons should rely on this document.

The purpose of this document is to assist Recipients in deciding whether to investigate the above opportunity. It is not intended to form the basis of any transaction. Recipients must make their own independent assessment of the opportunity and should obtain independent professional advice. The information in this document has not been independently verified by SC Advisory Services Limited, which does not give, nor has it any authority to give, any representation or warranty (express or implied) as to its accuracy or completeness.

SC Advisory Services Limited is regulated by the Institute of Chartered Accountants in England and Wales for a range of investment business and consumer credit activities.