High Performance UK Hand Tool Manufacturer/Brand Worldwide Brand & Customer Base
Ref. JH029
Location : Midlands
Asking Price : Offer Invited
Location : Midlands
Asking Price : Offer Invited
Asking price includes:
Turnover for current financial year circa £900,000 p.a.
Typical Gross Profits circa 40-50%
Stock holding circa £650,000
CNC Machinery
Tooling
“The Brand”
Over 150 years successful trading and development
Range of market leading trademarked high end products and designs /IPR
Network of authorised distributors (UK and overseas)
Excellent team Global customer base and presence
Training and handover
Goodwill
Website
Turnover for current financial year circa £900,000 p.a.
Typical Gross Profits circa 40-50%
Stock holding circa £650,000
CNC Machinery
Tooling
“The Brand”
Over 150 years successful trading and development
Range of market leading trademarked high end products and designs /IPR
Network of authorised distributors (UK and overseas)
Excellent team Global customer base and presence
Training and handover
Goodwill
Website
Business Profile
Established over 150 years ago this highly respected and very well known UK company manufactures and distributes high-end quality hand tools to professional users throughout the world, under its own very well known and instantly recognisable brand name. The company designs, manufactures, markets and sells its range of engineering hand tools to a whole host of customers mainly through its comprehensive network of authorised resellers and distributors, both in the UK and overseas. The company also has direct trade accounts with some of the UK’s largest engineering and manufacturing companies.
Approximately 85% of sales are within the UK with 15% being export/overseas. The company currently has some 500 active direct customer,s including large blue chip multi-national organisations, buying groups, distributors and resellers. The company has always focused on the top end of the market and its brand name and range is synonymous with quality. The company has built up a large and loyal international customer base who come back time and time again for new tools and equipment, such is its reputation for performance, price and reliability. The current product range comprises around 5,200 individual product lines including: Wrenches Screwdrivers Pliers Socketry Torque Hammers Bits/Keys Tethered Tools Tool Kits Saws/Knives Tool boxes Electrical range
The vendor has spent huge amounts of time and capital in ensuring that this brand’s supply partners understand its place at the top end of the market. Raw material sourcing and the manufacturing processes are stringently monitored to ensure consistency and that all products exceed relevant European DIN standards. The vendor has recently set up several new supply agreements so that the business has duplicity of supply to prevent over reliance on any one supply/manufacturing partner. This exercise has involved numerous new re-tooling procedures and efficiency improvements that should enhance future financial performance.
