Business for Sale: John Fenwick (Rossendale) Ltd.
Once in a lifetime offer at a price that’s hard to believe.
Initially a bearings and power transmission company, John Fenwick (Rossendale) Ltd. diversified into all types of maintenance products. Established in 1990 by Darren Wrudd and Roger Watson, the John Fenwick company went from strength-to-strength, adapting with and growing alongside the bearing industry.
In 2018, the time came for the business to expand, so the decision was made to move to bigger and better premises. Now based in Hapton, Burnley, the John Fenwick customer base is continuing to grow, and the company prides itself on it’s excellent customer service. Using it’s own vehicles, the staff deliver directly to customers locally in and around the North West, as well as sending parcels countrywide.
As well as bearings and power transmission parts, a large part of the John Fenwick business has been to manufacture hydraulic hoses as well as supply the fittings. This opens the door to providing many other industrial parts and extras. The company is regularly asked for additional parts, and being flexible in their buying has been a very successful part of the business. Engineering has also played a big part in the John Fenwick business across the years, with the company receiving some great support from local engineering partners.
In April of 2023, Co-owner Roger stepped down from his daily involvement, although he is still a Director, and is never too far away if required. Darren is now looking to do the same in preparation for retirement.
The John Fenwick business has been consistently successful over its life and has never turned a loss, even through the recession of the early 1990’s or the more recent COVID pandemic. This highlights just how solid the foundations of this business are.
For a company wanting to expand its influence in the North West, or a qualified General Manager wanting to buy into their own future, this is a rare chance indeed to buy an established business at a very competitive rate. The John Fenwick (Rossendale) Ltd. company has a well-known name and superb reputation.
With Pre tax profits for the six months ending 30th September 2024 of £65,000 and the Company’s net assets are currently over £77,000 including cash of £32,000. We are inviting offers over £180,000 for the whole of the Company’s issued share capital.
A quote from Co-owner, Darren Wrudd:
“For sale is a long established, successful and respected bearings and Power Transmission company, John Fenwick (Rossendale) Ltd. Hapton, Burnley, Lancashire, BB11 5QR. Due to Director retirement plans, the time has come to offer this company for sale. Given the yearly p&l account, the business is priced very attractively to sell, as I am committed to the continuation of the business, which I am sure will go from strength-to-strength and build further on the solid platform that the last 34 years have given.”
If you are interested in this business opportunity, please contact Darren Wrudd at accounts@john-fenwick.co.uk
View the John Fenwick (Rossendale) Ltd. website here: www.john-fenwick.co.uk
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