Wed, 14 Aug 2019 | BUSINESS SALE
Engineering and services group NG Bailey’s strategic acquisition of its counterpart, Freedom, in March 2018 has allowed the company to boost its turnover by 16 per cent as a result of its ability to diversify into new sectors and expand its range capabilities.
NG Bailey reported a turnover of £556 million for the year ending 1 March 2019, which was up from £481 million from the previous year. The company also showed in its accounts an increase in profit from £13.7 million to £19.4 million over the same period.
In addition to this, the group demonstrated a growth in its order books from £1 billion to £14 billion.
David Hurcomb, the chief executive of NG Bailey, said: “We have continued to deliver against our five-year strategy to achieve a balance in the business across our Engineering and Services divisions.
“The success of this plan is reflected in a strong operating performance that has continued to improve year-on-year.
“Our acquisition of Freedom has been key in allowing us to expand our capabilities in sectors including defence and airports, as well as establishing a new presence in the electricity distribution network market.
“We have also gained a wealth of new knowledge and experience from the talented members of Freedom who have now joined the NG Bailey Group.
“All businesses in the construction sector are operating in a challenging environment, but we believe our solid financial position, and our continued investment in our people, puts us in a good position to weather any future economic uncertainty.”
Some of NG Bailey’s contracts have included the redevelopment of London Bridge Station, North Tees and Hartlepool NHS Foundation Trusts Hospitals, and the Grosvenor House renovation in Sheffield city centre.
An established company with a stellar reputation presents an exciting opportunity for acquisition, featuring a diverse client base across multiple sectors and efficient management in place.
This established Cheshire-based business, specialising in linear motion equipment such as linear guides and ball screws from leading global brands, is now available for acquisition.
This independently run Heating Engineers delivers a variety of reliable services to a wide range of clients in its local area.
22
|
Apr
|
UK administrations update: April 16 - 22 | ADMINISTRATION
Since our last update, the following businesses have been co...
22
|
Apr
|
MII selects employee ownership | BUSINESS SALE
Caerphilly engineering firm MII Engineering has transitioned...
21
|
Apr
|
Sybron undergoes management buyout | MBO/MBI
Sybron, a supplier of cleaning, hygiene and catering product...
10
|
Jan
|
Freedom Works buys Platform Nine in pre-pack deal | BUSINESS SALE
East Sussex-based flexible office space provider Platform Ni...
16
|
Dec
|
NG Bailey acquires substation specialist | DIVISION SALE
Building services contractor NG Bailey has acquired Schneide...
24
|
Jun
|
German lubricants giant Fuchs buys BFG | BUSINESS SALE
Specialist lubricant producer Batoyle Freedom Group (BFG) ha...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.