SOLD - Pennine Instruments (Instrument Calibration), Sheffield.

INSTRUMENT CALIBRATION BUSINESS in Sheffield.

Highly regarded instrument calibration laboratory established in excess of 40 years and which provides services to clients throughout the United Kingdom with the majority of business (circa 80%) within a 50 mile radius of the lab.  The business serves many blue chip clients including global companies, government departments, universities etc. in sectors as varied as Defence, Automotive, Rail, Health, Marine, Aircraft, Acoustics, Aviation etc and has an extensive, fully equipped, multi discipline lab allowing virtually all work to be carried out in-house without the need for sub-contractors.  The business has ISO14001:2015, BS OHSAS 45001:2018, ISO9001:2015 and UKAS accreditation which provides clients with the confidence that they need to provide certainty over the quality of the calibration services supplied and in turn brings substantial volumes of very profitable work.  Whilst several clients pay in advance, all account customers are within terms of 45 days which results in excellent cash flow. Our client is effectively the Managing Director whilst the business employs a team of highly competent staff who provide the services to clients and is run in very easy hours over a five day week.  This is a business that would be an ideal acquisition for a lab in the same or complimentary sector who is looking to grow.  Run from substantial, premises held on 125 year ground lease from 2007 with peppercorn rent, these immaculate premises have been custom designed to provide approximately 4,500 sq. ft. of impressive, laboratory facilities across multiple disciplines with comfort cooling.  The high quality of the fit-out here can only really fully appreciated upon inspection which is recommended by this office.  Private car parking to the front.  This is a highly profitable, well run business which trades on an excellent reputation.  These types of instrument laboratories rarely come to the open market and this is an extraordinary opportunity which would be an ideal acquisition for a similar business or would very easily provide a new owner with an exceptional income as a standalone business. Business & Property. Ref: 587147

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