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Project Sapphire: An Opportunity To Purchase The Business And Assets Of A UK Wide Airport GSE Company

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Overview

  • The Company was established in 2006 and currently employs 28 members of staff
  • The Company has five key divisions:
    • Manufacturing of specialist equipment including aircraft de-icer heaters and remote signage
    • De-icer hire and sales
    • Ground support services (‘GSE’)
    • Glazing for GSE
    • Supply of electric GSE charging infrastructure and batteries.
  • The Company trades from workshops in Hampshire, Bradford, Glasgow and Aberdeen.
  • Key investment features
    • Customers include leading handling agents, airlines and many other agencies
    • Company has direct airside access and full airside liability insurance
    • Assets include intellectual property, customer contracts, goodwill, stock, plant & machinery, and motor vehicles as well as an experienced and dedicated workforce.

 

  • Key Financials
FY21

Actual

FY22

Actual

FY23 – 7

months

Draft

Revenue (£’000)1,7102,3481,752
Net profit/(loss)(£’000)(109)(57)(213)
Employee costs (£’000)302256173

 

  • Deadline for offers 5pm on Friday 10 February 2023. Expressions of interest are encouraged by return

For further details please contact: CHicks@lsh.co.uk or JHall@lsh.co.uk

Lambert Smith Hampton, 2nd Floor, 10 Victoria Street, Bristol, BS1 6BN

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