Mon, 06 Sep 2010 | BUSINESS SALE
West Midlands-based waste lubricating and fuel oils recycling business OSS has been put up for sale by private equity firm Dunedin, with a price tag of £50 million.
Dunedin has received several unsolicited bid approaches from third parties for OSS and has brought in Grant Thornton to help identify future options for the company. Dunedin bought OSS for £15 million in 2000.
The foremost business in its niche, OSS collects most of the 400,000 tonnes of waste lubricating and fuel oils made by workshops and garages in Britain. The waste is then reprocessed before being reused by power stations and smelters.
The path has not always been smooth for OSS - in 2005 the newly introduced Waste Incineration Regulations forced OSS customers to make large investments in order to continue burning its recycled fuel.
Then, in 2007, the Environment Agency disputed in court whether waste-lubricating oil can be processed to become a non-waste substance before being used as a fuel.
The last published accounts for OSS, in 2008, show an impressive 50 per cent jump in turnover to £25 million, and its pre-tax profits increased from £1.62 million in 2007 to £4.6 million in 2008.
A parcel delivery firm based in the North West had fallen into administration and ceased trading, with administrators now seeking to sell the company’s assets, including its fleet of vehicles and leasehold property. An auction of the vehicle fleet...
Prime coastal development opportunity with full planning permission is available for sale. Total site area approx. 0.88 acres (0.36 hectares). Full Planning Permission for 19 apartments across two blocks with basement parking. The deadline for off...
This vibrant and rapidly growing online business specialises in British craft beer gift hampers, tapping into both D2C and B2B marketplaces, making it an ideal investment for those looking to capitalise on the thriving gift industry. With a streamlin...
|
22
|
|
Aug
|
Animalcare acquires new research programme for horses and dogs | BUSINESS SALE
York-based Animalcare Group plc has expanded its pipeline of...
|
22
|
|
Aug
|
Coastal Dorset development site with planning permission comes to market | COMMERCIAL PROPERTY
A prime coastal development opportunity has been launched to...
|
22
|
|
Aug
|
UK Government takes control of Speciality Steel after insolvency | ADMINISTRATION
Speciality Steel UK (SSUK) has been taken over by the UK gov...
|
22
|
|
Aug
|
UK Government takes control of Speciality Steel after insolvency | ADMINISTRATION
Speciality Steel UK (SSUK) has been taken over by the UK gov...
|
22
|
|
Aug
|
Coastal Dorset development site with planning permission comes to market | COMMERCIAL PROPERTY
A prime coastal development opportunity has been launched to...
|
22
|
|
Aug
|
Animalcare acquires new research programme for horses and dogs | BUSINESS SALE
York-based Animalcare Group plc has expanded its pipeline of...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.