Project Bank - Engineering Superstore Based In Wales
posted 25th November 2024
Details:
- Sector: Tools, Maintenance & Bottled Gas
- Location: Wales
Offers Invited
- Turnover: £2,200,000
- Maintainable EBITDA: £671,000
Project "Bank" is a leading engineering superstore based in Wales, specialising in the sale and distribution of tools, maintenance supplies, and bottled gas. The company serves both professional and retail customers, earning a strong reputation for reliable service and quality products.
A broad product range, including hand and power tools, hardware, engineering supplies such as generators, fixings and fasteners, bottled gas, PPE, safety equipment and more.
Strong reputation: facilitated organic growth and ensuring customer loyalty, with some client relationships spanning decades.
Key Investment Highlights
• Diverse product portfolio, offering items that are difficult to find elsewhere
• Well-established, founded in the 1950s
• Increase in profitability over the period FY21-23 with M.EBITDA demonstrating a 5.9% increase
• High-level of in-house expertise with excellent staff retention
• Robust balance sheet, with a lack of long-term debt
• Managing director flexible to remain post-sale
• Strategic partnership with suppliers ensuring reliability in operations
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