Weston's Recovery (Abington) Ltd Carlisle Rd

Westons Recovery (Abington) Ltd. was established in 1981, over these many years the sellers have worked hard to build up a good going comprehensively equipped business that is able to cope with the high volume of trade it handles. Westons Recovery (Abington) Ltd. specialises in recovering and repairing both commercial vehicles of all nature as well as vans, cars etc. Westons Recovery (Abington) Ltd. has a widespread customer base built up over many years that provides the company with a regular flow of work. The sellers are aware there are a number of ways in which they could increase the turnover, one would be by carrying out a more aggressive marketing programme something that they do not do any of just now other than having a Facebook page. The second would be to provide a tyre fitting and repairing service and there are other services they could offer. The garage has an ideal trading location sitting just off the A74(m) a few miles south of Abington, this ideal location, means that it is within an easy reach of Glasgow, Edinburgh, Ayr, Carlisle and most of central Scotland.
As will be seen from an inspection, the site is extensive with a good layout. Also, the garage premises are very well equipped with ample storage facilities, in addition and most importantly Westons Recovery (Abington) Ltd. has a comprehensive fleet of recovery vehicles capable of recovering any type of vehicle. Two of the directors of the company also own a plot adjoining the garage, at one time they had outline planning permission to build houses on it and we are of the opinion that this could easily be obtained again. This plot is available by separate negotiation. After being in the business for so many years the sellers have decided it is now a good time to retire and take life a little bit easier, although they have indicated they would be willing to stay on for a period to ensure a smooth handover of this good going highly profitable business.
It is the seller’s intention to sell the shares of the company - Westons Recovery (Abington) Ltd at net book value plus a figure for goodwill making a total of £2,200,000. In the accounts for the year to 31 March 2019, the net assets of the company are shown as £1,271,309. The price reflects a more accurate valuation on the vehicles, plant, buildings and equipment as well as approximately £200,000 cash in the company’s bank.