Another Bumper Year in Sales of Engineering Businesses.
Sector : Manufacturing and Engineering
Listed on : 19 October 2015
Leading ‘No sale, No fee’ broker, Turner Butler are having another bumper year in sales of engineering businesses.
Tony Bell, Regional Manager, Turner Butler ??comments; “Although 2014 showed significant growth in sales of manufacturing businesses throughout the UK, we are still experiencing further growth throughout 2015 as a result of the Government’s focus on the manufacturing sector and the banks re-entering the sector and showing greater appetite to support buyers keen to acquire profitable manufacturing businesses. This extends to first time owners of engineering businesses, as well as existing engineering businesses looking to expand. Once you add in the overseas investors looking to establish a foothold in the UK marketplace and UK based high net worth individuals, the buyer pool has increased significantly in the recent past resulting in significant increased transactional activity’.
Over the past few weeks Turner Butler have completed on a number of business transactions from right across the full spectrum of the engineering sector – ranging from Bristol based KM Engineering Limited, a well-established sub-contract engineering company specializing in CNC machining exotic materials for the oil and gas industry, right through to Merlx Limited, an East Riding based electrical engineering business specializing in design, installation, testing and repair. Both businesses sold as a result of Turner Butler’s comprehensive marketing campaign appealing to a wide number of interested parties, resulting in, in KM Engineering’s case, of a sale within just two months of the Business being brought to market.
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