Construction and refurbishment businesses in Castellón: buying, selling and valuation

The INE counts 4,996 active construction companies in the province and 5,551 establishments, of which 2,868 are in construction of buildings.

If the shares are sold, the company continues to carry them out. What is negotiated is how their result is shared: normally each open project is valued and the price is adjusted according to what has been collected, invoiced and is outstanding at the completion date.

Because in construction, claims can arise for projects handed over months or years before the sale. Holding back part of the price for a period, or agreeing specific warranties, covers that risk without blocking the transaction.

There is no fixed rule. Refurbishment usually involves more customers and smaller jobs, which spreads the risk; new build concentrates larger amounts in a few clients. The value depends on the stability of the margin, the order book and the dependence on the owner.

Accounts for several financial years, a list of projects in progress and awarded, a schedule of guarantees and retentions, contracts with the main subcontractors, insurance, contractor classification if you have it, and a summary of open claims or disputes.

Contractors that want to add a team, customers or classification, trade firms looking to offer the complete job, site supervisors or site managers from the company's own staff and, to a lesser extent, investors who have a manager to run it. For almost all of them, the people and the order book weigh more than the machinery.