Proud to work solely within the public sector at a $4mil turnover in FY23 with ongoing projects and a strong pipeline.
• A well-respected Australian privately owned civil engineering contractor providing a range of civil engineering construction capabilities.
• Due to the nature of the business, multiple services are generally combined in a contract where site remediation and waste disposal account for 20% of sales, and excavation and concrete works account for 15% of sales each.
• The business tenders for public sector projects from first, second and third-tier construction companies. The tenders typically come from repeat clients. Each contract varies in length and typically extends due to the business being awarded additional works.
• In the last 12 months, the business has been awarded and are still working on various prominent projects valued from $250,000 to $1,600,000.
• Operating with a highly trained, reliable work force, a modern fleet of plant and equipment, and an approved systems management.
• The business has a management team in place with 4 full-time managerial positions that are able to look after both on and off site operation. It has allowed the owners the opportunity to go overseas for 6 to 7 weeks per year without interrupting the business.
• Similar to most businesses in the sector, the business experienced a downturn over FY20-FY21 due to COVID-19. However, FY22 witnessed a quick rebound as turnover returned to $4,249,745 marking a 15.5% increase from FY21. FY23 stayed above the $4mil mark with a total income of $416,834 for an owner operator.
