Summary of the business
An established company dealing with sales and servicing of a wide range of aircraft ground support equipment (“GSO”) and industrial electrical products since 1989.
Company’s Strengths and Uniqueness:
- Large geographical customer base including Singapore, Malaysia, Indonesia, Brunei, Philippines, Vietnam, Hong Kong and Macau and China
- Exclusive distributor contracts with MRO
Financial highlights
| Gross Profit | FY2024 | FY2023 | FY2022 |
| Revenue | 3,347 | 2,395 | 2,717 |
| Profit before tax | 360 | (99) | 257 |
| EBITA | 386 | (76) | 290 |
| Sellers Discretionary Earnings (“SDE”) | 613 | 51 | 438 |
SDE is EBITA after adjustment for non-operating expenses and owner’s compensation.
Asking Price
S$3.3 million
Included in sales:
Cash balance is estimated at S$0.9 million as at FY2024