VEX00836 – Central Heating and Maintenance Business

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VEX00836 -  Central Heating and Maintenance Business Vexus Corporate Limited

VEX00836 -  Central Heating and Maintenance Business Vexus Corporate Limited
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VEX Ref VEX00836

Activities Central heating installation, upgrade & Servicing

Location South of England.

Turnover Circa. £8 million

Business Overview

Vexus is exclusively retained to find a purchaser for this long established heating installations, servicing and maintenance contracts business serving the domestic housing market. For over 25 years the business has been installing, upgrading and maintaining heating systems for private houses, councils, local authorities and housing associations.

The business provides a full range of heating installation, service and maintenance services including:

  • Heating design & installation.
  • Heating repairs and planned maintenance.
  • 24-hour a day, 365 days a year.
  • System upgrades & boiler replacements.
  • Energy saving installations and designs.
  • Renewable technologies.

The company is GAS SAFE Registered and is accredited to ISO 9001:2008 & ISO 14001, 18001

Currently responsible for the management of over 55,000 heating systems and with over 125 employees, the business is managed on a day-by-day basis by a long serving Managing Director and management team, with the major shareholder taking a ‘back seat’ role. With a strong reputation for quality workmanship and reliability, much of the ongoing success of the business has been achieved through a close working relationship between the management, the staff and end user customers.

The infrastructure is underpinned with predominantly long serving permanent staff; the bespoke CRM IT system provides real time data and communications between the field engineers and head office. The company is renowned for it’s rapid response times, a 24-hour operation, 365 days a year and a long term, established brand and reputation. Our client’s business fulfils a critical role within its Council, Local Authority and Housing Association client base.

Financial Summary

Year End March 2014 2015 2016 2017 Forecast
Sales Revenue £11,600,000 £9,600,000 £7,700,000 £8,000,000
Gross Profit £2,500,000 £1,900,000 £1,500,000 £1,840,000
Percentage 22% 20% 19% 23%
Net Profit (Adjusted) £650,000 -£50,000 £100,000 £300,000

*These figures have been rounded off for confidentiality reasons.

The Opportunity

Ideally we seek an acquirer with the experience, resources and current business focus towards large scale contracts with Local Authorities and Housing Associations. A purchaser looking to expand existing operations into new territories or a readymade ‘bolt-on’ for a business looking to enter the heating installation and maintenance market.

Business Established 25+ Years

The shares in the business are available to a suitable buyer with the resources, experience and energy to drive this business forward to the next level. The core team that runs the business on a day-by-day basis wish to remain with the business.

  • Full range of gas heating maintenance & services.
  • Business established for over 25 years.
  • Loyal and experience workforce.
  • Long term contracts with local authorities.
  • Existing MD and management to remain in business.
  • Highly regarded, award winning business.

Reason for Sale

After 25 years the major shareholder is preparing to retire. He believes the future business opportunity will be best realised in the hands of new owners with the commitment, enthusiasm and resources to drive the business forward to the next level.

Bespoke CRM, service, maintenance and installation System Management for over 55,000 households

The Next Steps



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