IQ008-S E England-Offers in the region of £250,000-Product Design, Development &Testing Laboratory
S E England, United Kingdom
Health and Medical - Medical and Dental Labs  |  Business Services - Other Business Services
Asking Price:   $418,041Inventory:   
Gross Revenue:   $232,500Real Estate:   n/a
Cash Flow:   Not DisclosedFF&E:   n/a
++ included in the asking price         ** not included in the asking price
Product Design, Development and Testing Laboratory
Confidentially offered for sale
Ref No: IQ008
Location: S E England
Asking price: Offers in the region of £250,000

The business was established in 1940, and following a Management Buyout by the current Owners since 2003, this business is one of the UK’s leaders in product testing, product design and development. Capable of working across the full range of industrial and consumer products – metals, plastics, rubber, sealants and adhesives – excluding testing on animals and humans, this very high calibre organisation works very closely with its Clients across all sectors to develop high performance products and systems to improve their turnover and profitability. It is particularly well known within the Aerospace, Construction, Manufacturing, Automotive and Marine sectors.

This business undertakes a full range of testing to meet all requirements – climatic, environmental and tack testing right through to salt spray or heavy rain. As well as its standard tests, this business is frequently involved in designing ‘novel’, bespoke testing methods to meet the specific requirements of a product and its use. Priding itself on its ability to think ‘outside the box’ in order to develop innovative and unique testing methods this business is often involved in building specific machines or rigs to simulate or accelerate usage either using the Client’s facilities or those of its own.
About the Business
Relocatable:Yes
Facilities:The premises are leased with 12 years remaining and break clauses every three years. Rent is £9,000 per annum with Rates of £4,300 per annum. The business also sub lets one other unit of approximately 1200 square feet on a monthly basis with access to additional space available for specific contracts, all on the same site. The business is re-locatable to larger premises if appropriate however to maintain the key staff resources the relocation would have to be limited to a 10 to 15 mile radius of its current site.
Market Outlook and Competition:Having been established as a high quality UKAS accredited testing laboratory including product design, technical consultancy and product development for many years, this business operates on a modest advertising budget. There is strong reliance on high levels of repeat business and the most effective form of marketing, recommendation, by word of mouth from previous customers, design companies and design consultancies particularly for projects they themselves cannot do, as well as via referrals from UKTI (UK Trade and Investment) and UKAS (United Kingdom Accreditation Service) - testimony to the excellent reputation this business has for its innovation and high quality of service.
About the Sale
Management Training and Support:All members of the current Management team are keen to continue to work within the business on an on-going basis to ensure business continuity.
Reason For Selling:The current Owners feel the time is right to seek investment to help realise the full potential there undoubtedly exists within the business by building on the excellent foundations already laid.

KEYWORDS: Product Design, Development and Testing Laboratory Confidentially offered for sale Ref No: IQ008 Location: S E England Asking price: Offers in the region of £250,000


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Business Listed By
Andrew Hudson  |  Turner Butler
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