Business for sale in United Kingdom – London – England – It069-west london-£ 605,000-very high precision machining company

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Business for sale in United Kingdom - It069-west london- 605,000-very high precision machining company

Asking Price: 605,000 £ Real Estate: Ownership
Sales Revenue: 1,300,000 £
Net Profit: 50,000 £
Year Established: 1971
Employees: Not Disclosed
# of family members employed: Not Disclosed
Location criteria:
United Kingdom/England/London

Business types:

Other industries

Business categories:

Precision Machining

Business description

very high precision machining company location west london asking price £ 605,000 established for over forty years, and acquired by the current owners just over five years ago, this company produces super precision parts for some of the uk’s leading companies and has a particular presence in the aerospace industry. Capable of prototype and small batch precision machining in a variety of materials, a very large proportion of the £1.3 million plus turnover of this business relates to the processing of very high precision parts. In many cases the components this business manufactures fulfil a ‘safety to life’ critical role, consequently this business operates to very high tolerances indeed - accuracies of .005mm. This business operates from very well suited premises in close proximity to excellent motorway links with easy access throughout the south east of england. Its facilities include a wide range of cnc lathes both for bar fed and chucking applications. Numerous vertical cnc mills provide capacity for 'one off', prototype, medium or large batch production of components for aerospace, defence and other commercial applications. This business has invested significantly in plant and machinery on a regular basis and has established a particular reputation within the industry for its flexibility and ability to meet customers’ ever changing requirements, promptly and efficiently. This business is frequently called upon to work very closely with design teams in the development of solutions to particular problems. It has a highly skilled and dedicated workforce that has adopted a ‘hands on’ approach to meet the most stringent customer demands. Customer confidence is maintained and improved by the application and maintenance of a quality programme audited to as9100/bs en iso9001-2000 standards with traceability key. As a result, this business has established firm and long-term partnerships with many customers, which include some of the world’s biggest players in the sector in which this business operates. With a turnover of approximately £1,300,000 this is an excellent opportunity to acquire a very well established super precision engineering specialist working to the very highest standards

Additional information

Additional information: Not Disclosed
Support & training: The current Owners will provide all necessary training and all relevant contacts to ensure a smooth transfer of the business to new Owners.
Reasons for selling: The business was purchased by the current owners in 2003 with a plan to run it for five years before returning it to market
Financing available: Not Disclosed
Inventory / Stock value: Not Disclosed

Real Estate

Ownership: yes
Will owner sell real estate?: yes
Included in asking price?: yes
Value: 0 £
Location: This business operates from well suited premises on a small industrial estate in West London. Approximately 6,000 square feet across two floors including a mezzanine housing stores and the programming department with office accommodation to the first floor, Rent is approximately £65,000 per annum with Rates of approximately £30,000 per annum. A ten year lease was granted in 2005 with a break clause in 2010.

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