DESCRIPTION: Freight forwarding and ancillary services business including warehousing, packing, distribution and marine insurance. The client base currently comprises 50 companies covering heavy engineering, special vehicles, materials handling, building products, foodstuffs and hazardous chemicals. The client base is mainly in UK with some located in Australia, Canada, Germany and France. All of the business is controlled and invoiced from the UK with none controlled or routed by overseas agents.
Recently, the holding company has redirected it’s activities away from the European market and more towards long haul destinations by air and sea. Many of the clients have been with this company for many years treating it as their shipping department.
BUSINESS: Trading 19 years, the business enjoys good credit terms with its suppliers, never had an overdraft and is always running credit balances, Most clients pay on a month out plus 30 days and some on receipt of invoice. The age of the managing director and family health reasons force sale. The holding company is registered outside the scope of UK VAT regulations so VAT does not apply to the sale. 2018 Turnover was £554,115 with a g.p. of £165,786.
Also handles deep sea container and pallet shipping throughout the world, difficult moving of high, heavy, long and wide, materials handling equipment for manufacturers, consignments with private escorts, specialist packing and shipping of special vehicles, transit insurance, etc.
HOURS: Monday to Friday 9 am to 5.30 pm. Closed Saturday and Sunday.
Negotiations: STRICTLY BY APPOINTMENT ONLY Strictly through PEGASUS BUSINESS SALES