BUSINESS AND ASSETS SOLD – PROJECT EXCAVATE

Project Excavate is an opportunity to acquire the trade and assets of a civil engineering, utilities and construction service provider, based in the East Midlands.

Key Features

•	The Company was established approximately four years ago and operates from a premises located within the East Midlands region which is leased on an informal basis.
•	The Company provides a wide range of civil engineering, utilities, and construction services, including but not limited to foundation works, surfacing, demolition, ground investigation and building and construction works.
•	Highly knowledgeable and experienced workforce (four staff).
•	Turnover for the year ended 30 June 2022 £51k (filed accounts), and projected turnover of £2.2m for the year ended 30 June 2023 (draft management accounts).
•	Assets include: Plant and Machinery, vehicles, work in progress and debtor ledger.

Offers

•	Indicative offers are required by midday on 31 May 2023, with a sale concluded shortly after and therefore only parties that are able to work within this time frame should respond. We reserve the right to extend the deadline or close the bidding early, without liability or advance notice.
•	All interested parties will be required to sign a non-disclosure agreement.
•	Proof of funding is required.

Contact Details

Theresa Divers

Cerberus Asset Management

Theresa.divers@cerberus-group.com