Specialist Defence Equipment Designer and Manufacturer

Expressions of Interest by:

Wednesday 18 December 2024 at 12pm GMT

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Project Power Distribution

Designer and manufacturer of bespoke power distribution equipment for defence applications

Hilco are pleased to offer for sale the business and assets of a specialist design and manufacturer company, who produce power conversion, storage, and distribution equipment, primarily for the defence sector.

The Business

• With over 80 years experience, the company has built an unrivalled reputation for delivering high quality, bespoke products
• Provides training solutions, maintenance, and modernisation programs to support equipment currently in service
• The company serves a global customer base comprised primarily of Tier 1 Defence Prime Contractors
• Accreditations have included JOSCAR, Cyber Essentials Plus and ISO9001
• Multiple contracts ongoing with key customers, current acknowledged orderbook is c. £970,000 with £2m+ of identified sales opportunity
• Stock circa £250k
• Product designed and assembly in-house, in a fully equipped leasehold premises
• Based in South England
• Highly skilled workforce
• Portfolio of product designs owned by the company
• Turnover for Year End December 2023 £1.4m

Business Assets

WIP & Pipeline – The significant value of current work in progress and pipeline, including key customer contracts in the UK and overseas
Employees – Team of 11 loyal employees
Intellectual Property – Owned portfolio of designs, Webpage, Social Media
Goodwill – The valuable goodwill attaching to the business
Premises & Equipment – Fully fitted leasehold premises, comprised of warehouse, test and assembly areas and office space, in south England, with associated test and assembly
equipment, furniture, equipment and IT