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Plumbing And Heating Company With City-Centre Freehold In Newcastle

Newcastle upon Tyne, Tyne and Wear, North EastIdentity protected

Available

Plumbing and heating company with city-centre freehold in Newcastle

About this business

A plumbing and heating company in Newcastle upon Tyne, trading since 2021 from freehold premises in the city centre. It works for homeowners, landlords and small commercial clients, fitting boilers, heat pumps and bathrooms and running a busy repair service. Turnover has eased from £3.16m to £2.9m, but EBITDA has risen to £711k, a strong margin of about 25%. A team of 27 includes engineers and a booking office. A buyer gets the freehold, a skilled team and a profitable business.

Key investment highlights

  • Freehold premises in the city centre
  • EBITDA of £711k
  • Heat pumps and boilers fitted
  • Team of 27

Reason for sale

The owners want to focus on a property business they run.

One thing worth reading before you enquire

Worth a look

Revenue going backwards and one client being too much of it are the two things that end most deals in due diligence. Both are shown here up front, from the figures the seller supplied.

  • Revenue directionWorth a look

    Turnover is flat year on year but sits -8.2% below its 2021 peak.

    • 2021: baseline
    • 2022 (-2.6%)
    • 2023 (-3.0%)
    • 2024 (-1.0%)
    • 2025 (-1.7%)
    • 2026 (-0.3%)
    • Peak 2021 to latest 2026: -8.2%

    6 years of turnover, 2021 to 2026, as supplied by the seller.

  • Client concentrationNot stated

    The seller has not declared what share of revenue the largest clients represent.

    No declaration supplied. Client concentration cannot be derived from accounts.

EBITDA margin widened from 19.8% in 2021 to 24.5% in 2026.

These are observations from the supplied figures, not a view on whether this business is worth buying. Nothing here predicts an outcome.

Computing valuation...

What happens next

Submit an enquiry to the seller. Once they approve it, you sign a non-disclosure agreement and gain access to the information memorandum, the financials and a secure deal room with the seller.