Sold. Specialist Powder & Plastic Coatings Company

Specialist Powder & Plastic Coatings Company
Ref.EY047
Location West Midlands
Asking Price GBP 125,000
This well established and reputable family business was set up by the vendors over 40 years ago and in that time has grown into a highly skilled and professional coatings company providing its clients with a diverse range of products and services.

The company provides a complete turnkey solution providing technical advice through to final supply.

The company supplies direct to the end user/manufacturers and their approved contractors and customers cover a wide range of market sectors. Clients include contract furniture companies, shop-fitters, horticultural services and scaffold supply companies to name just a few. Typical services this business provides include:

Dip Coating
Electrostatic Spraying of Thermosetting Powders (epoxy/polyester)
Electrostatic Spraying of Thermoplastic Powders (PPA/Nylon)

These processes are all carried out in-house and typical items this business treats include canteen furniture, seating, display equipment, exterior furniture, fencing and handrails. However there are many many more applications where these processes are required.

The business has a highly skilled workforce and supplies to exacting standards. Its infrastructure is such that it can meet the most demanding customer requirements.

The business has built up a sterling reputation based on quality, knowledge and superior service levels offering quick turnaraound and competitive pricing. The company currently carries out all production in house.This ensures excellent quality control and superior product delivery.

This is a profitable business, well established within its operating sector, stable, with an extensive, loyal Client base. The business has recently acquired some new clients, which has led to a significant increase in sales and profitability.

Expansion Potential
Even though the business is well established there are significant opportunities to expand. The company does not employ any dedicated sales representatives nor does it have a catalogue to supply clients and end users illustrating the processes it can provide. The vendor has never proactively chased work, he has been totally reactive to the ongoing demand. A more proactive approach could significantly increase revenues as the products and services it provides are always in demand.

As already mentioned the business has recently taken on some new customers and sales and profitability have increased significantly. Even with this new growth there is still plenty of room for further growth as the site is large (circa 12,000 square feet) and the business has spare capacity.

Market / Competition / Non-Competition Agreements
The business has a basic yet informative website showcasing the type of products and services it can provide.

The business does no formal advertising or marketing tending to rely on referrals and the best form of advertising, word of mouth recommendations. It enjoys high levels of repeat business.

It is understood that a more proactive approach to sales could certainly increase future revenues.