High Tech Industrial Electronics Company Manufacture and on site commissioning Confidentially offered for sale Ref No: IG012 Location: Staffordshire Asking price: £550,000 Current turnover is circa £700,000 per annum Net profit of circa £120,000 Business Profile: The services offered by this company are extensive in the field of industrial electronics, from manufacturing to on site commissioning. These services include the manufacture of Dc and Ac drive systems and servo drive systems plus the manufacture of PLC control systems, programming modifications and updates. Other services include: • PLC documentation • Machine retrofits and updates • Safety systems for man and machine, man down systems and lone worker protection • Repair of all types of industrial electronic controls • Repair of displays, monitors, printed circuit boards and repair or replacement of obsolete electronic equipment • Worldwide service and commissioning of Industrial electronic control systems. • Repair of CNC machines • Thermal imaging surveys • Maintenance contracts to provide regular and effective maintenance. The company is an independently owned limited company established during 1986. The team of experienced engineers are based in modern, secure and well equipped premises for the manufacture and repair of a wide range of industrial electronic equipment using the latest and most sophisticated test equipment available. The company have gained an excellent reputation over the years for reliability and excellence in systems engineering, innovation and state of the art manufacturing technology, ensuring system integrity and quality at competitive cost .. Customer Service: Customer service is an area that the bcompany excels in. Enjoying significant and rewarding repeat business and ongoing lucrative maintenance contracts. Key Strengths: After over 20 years in business, the company has accumulated a lot of knowledge and expertise in this field and using a combination of engineering excellence manufacture to the highest of standards. This business provides a unique blend of electronic design and assembly capabilities, the business is located in a modern manufacturing facility and operates with a skilled engineering team that have a wealth of manufacturing experience. Quality Assurance: The Company is committed to offering customers the reassurance of consistent quality and reliability at a competitive rate, confirmed by the accreditation with requirements on BS EN 9001. Growth and Expansion: There is considerable scope for growth with clearly identified means to achieve this. The vendors believe this is best achieved with the impetus and resources available under new ownership, and now seek new owners who have the capability to allow the business to excel and reach its full potential. Employees: The team collectively have many years of industrial electronic manufacture and repair experience covering such items as DC and AC Drives, Servo Drives, Process Control Instrumentation, Monitors, Power Supplies and PCB`s etc. Advertising and Marketing: Most of the business`s turnover is generated through the current existing satisfied client base and word of mouth recommendation. The business also has a well designed company web site. Premises: The company operates from a prominent secure building with good access, parking and excellent transport links. The premises are fully alarmed. Financial Information: The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler. The current turnover is circa £700,000 per annum with a net profit of circa £120,000. Reason for Sale: Personal/ Retirement. Support and Training: The vendor is happy to agree to a reasonable transition period