Reference - 41877
Abstitch is a well respected embroidery and heat seal business, along with corporate gifts based in the centre of Aberdeen. The business boasts many blue chip companies, including Aberdeen Football Club, Johnsons Apparal, Shell, bp, Quintet and Wilsons to name but a few, and provides a logo embroidery and heat seal solution to its large database of 900+ customers to a range of clothing and protective wear.
The business has been placed on the market due to the current vendors impending retirement.
Abstitch is conveniently located in the centre of Aberdeen, less than two minutes drive from the busy Aberdeen harbour.
Aberdeen is Scotland's third most populous city, one of Scotland's 32 local government council areas and the United Kingdom's 29th most populous city, with an official population estimate of 220,420.
The current premises comprises of a factory, staff facilities, sales and accounts office and manager’s office. The building is access through a large shutter door for vehicles and machinery, with a pedestrian entrance located to the left of the shutter. The property is straight to street. Recently in 2018 the buisness has expanded their factory due to the increase in orders, therfore the production has increased, resulting in bigger sales. The vendro has also invested in new equipment in 2018, including new emroidery heads.
Abstitch was founded in 1974 as Studio 3D Enterprises by the current vendor in London, . The business relocated to Aberdeen in 1982, and due to family reasons became Abstitch Ltd in 1990.
The business currently trades from a leased industrial unit on Union Glen in the centre of Aberdeen. The nature of the business means that the location is not imperative to the success of the company.
Abstitch is the main UK distributor of Glenmuir and Sunderland clothing and offers a large range of corporate branding to its clients, including logo placement and corporate and golfing gifts.
The business currently employs 13 staff:
Finance/ Accounts person
The business trades as a limited company with directors as follows:
Alison Leslie- Production Director 0% shareholder
Andrew Anderson- Managing Director 100% shareholder.
We are also advised that the business has 100+ capabilities.
The property has mains water, drainage and electricity.
We are advised that the turnover for 2019 was in excess of £600,000.
We are advised that the property is held on a lease. The annual rent is £19,000 exclusive. There are no rent reviews.
The vendor has advised that the landlord would be keen to renew a lease with any new tenant.
Abstitch Ltd offers any potential buyer with a fantastic opportunity to purchase a well known and respected company, offering an excellent addition to any business, increasing both profits and market share within an extremely buoyant, yet competitive sector.