Project Spark

John Pye Red Line Spacing

Opportunity to acquire a well-established electrical and mechanical installation contractor

Business Opportunity

  • The Company was established 7 years ago and offers a full mechanical and electrical solution from design through to installation and maintenance.
  • The company offers supply to main contractors with a blue chip end customer
  • The Company trades from a leasehold premises in the Midlands.
  • Annual turnover for year ended 31 January 2021 was £9.6M and 31 January 2020 was £6.3M.
  • The Company trading premises comprises of 20,000 sq/ft Workshop/store and 4,000 sq/ft Offices.
  • Employs 30 staff (including 2 directors), which includes 24 installation, 4 administration.
  • Reason for Failure – pre-pandemic fixed price contracts which have resulted in significant losses on multiple projects as a result of raw material price rises.

Sales Process & Further Information

The deadline for offers is: 12.00 noon on 22 April 2022

Further information: Should you be interested in obtaining further information regarding this opportunity please contact the persons below. Please note that you will be required to complete and sign a confidentiality undertaking before additional information is provided to you.

Contact

Gary Harper
Head of North West Valuations
gary.harper@johnpye.com

Emily Ball
Director
emily@sterling-advisory.co.uk

Andrew Rule
Case Manager
andrew@sterling-advisory.co.uk
Office: 0115 695 0566

John Pye Red Line Spacing