Gate Valve Drilling - UK - Business for sale
The business generated a turnover of £80k in YE17. Due to considerable growth in its work pipeline, the company is projected to generate circa £902k in YE18. Strong work pipeline, with $540k in contracted revenue to be included in its YE18 turnover. Operates internationally to major on- and offshore oil producers that require remedial work to reinstate well production. The company generates regular income through the distribution of its in-house designed gate valve drilling units. Holds 13 active accounts with a global blue-chip oil and gas client base that provides a retention rate of 80%. No individual client accounts for over 2% of its annual turnover. Offers invited.
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