MAN1482

Painter of Transmission Towers & Power Stations with Long-Term Frameworks

N Ireland UK
 

Industrial painting & maintenance contractor of transmission towers, power stations & small-scale industrial projects, developing a reputation as a single-source solution for transmission tower painting & maintenance.

Long-term contracts with the largest Distributor Network Operators in Northern Ireland & the Republic of Ireland.

Key Aspects:

  • Single-source solution for transmission tower maintenance.
  • Exclusive provider to blue-chip clients for c.30 years, repeat business expected to continue, with long-term frameworks in place.
  • Recently secured contract in mainland UK, capitalising on the estimated £50m UK market.
  • Portable business model which can be operated from any location in the UK & Ireland.
  • Established reputation in the industry, setting the benchmark for quality of service.
  • Some operational staff based permanently at clients' sites, resulting in short repair times.
  • Strong second-tier management team with extensive industry experience remaining with the company to continue its impressive growth.
  • Highly accredited, including ISO 9001 accreditation.

    Opportunities:

    • Secure further contracts for UK Distributor Network Operators.
    • Developing vapour blasting technology, not currently available in the UK, set to launch in 2019.
    • In process of applying for ISO 14001 & 18001 accreditations.
    • Opportunity to expand into refurbishment of transmission lines.
       

      Potential Purchasers:

      • Industrial painting & maintenance contractors for transmission towers & power stations.
      • Contractors to UK power suppliers.
      • Maintenance contractors of transmission lines & mains electricity cabling.
         
        Year:

        2015

        Actual

        £'000

        2016

        Actual

        £'000

        2017

        Actual

        £'000

        2018

        Actual

        £'000

        Turnover2,5272,0831,9252,506
        Gross Profit:572623584747
        Adj. EBITDA *416393430523
        * Earnings before interest, tax and depreciation (non-cash item)
         
        Bids Invited