01Executive SummaryExpand
Hartwell Precision Engineering is a UK-headquartered manufacturer of high-tolerance components for aerospace, defence, and medical OEMs. Founded in 1986, the company operates two facilities and serves 41 active customers across 7 countries.
02Business OverviewExpand
The Company specialises in 5-axis CNC machining of titanium and high-grade alloys. ~62% of revenue is recurring under multi-year framework agreements. Top-5 customer concentration: 38%.
03Financial PerformanceExpand
| £m | FY22 | FY23 | FY24 |
|---|---|---|---|
| Revenue | 38.4 | 42.1 | 48.2 |
| Gross profit | 14.6 | 16.4 | 19.8 |
| EBITDA | 6.9 | 8.0 | 9.6 |
| EBITDA margin | 18.0% | 19.0% | 20.0% |
04EBITDA BridgeExpand
05Growth OpportunitiesExpand
Three identified levers: (i) US aerospace OEM penetration; (ii) capacity expansion via Facility 3; (iii) M&A roll-up of two identified bolt-ons within 50-mile radius.
06Management & TeamExpand
Founder remains as Executive Chair (open to 24-mo handover). CEO appointed 2021 (ex-Meggitt). CFO retained, 14-yr tenure. 8 direct reports below CEO.
07Transaction Details & ProcessExpand
Process led by Hartwell & Co. Indicative bids by [Date]. Phase 1 MP visits in [Month]. Targeting LOI by [Date].