ADEY Professional Heating Solutions

Manufacturer of an innovative products designed to serve the central heating sector.

Launch date

Dec 2003

Employees

Market cap

Enterprise valuation

AUD428m (Public information from Feb 2021)

Company register number 05001590

Cheltenham England (HQ & founding location)

http://adey.co.uk

https://twitter.com/adey_pro https://www.facebook.com/AdeyProfessionalHeatingSolutions https://www.linkedin.com/company/adeyinnovation/

Revenues, earnings & profits over time

GBP	2016	2017	2018	2019	2020	2021	2022
Revenues	18.9m	11.5m	41.0m	41.8m	41.8m	52.6m	46.7m
% growth	152 %	(39 %)	256 %	2 %	-	26 %	(11 %)
EBITDA	17.0m	4.1m	12.1m	12.8m	14.4m	14.0m	12.8m
% EBITDA margin	90 %	35 %	30 %	31 %	34 %	27 %	27 %
Profit	16.5m	3.6m	12.6m	11.1m	11.6m	10.2m	9.7m
% profit margin	87 %	31 %	31 %	26 %	28 %	19 %	21 %

Date	Investors	Amount	Round
Jun 2016	LDC	N/A	Acquisition
Feb 2021	Genuit Group	£210m Valuation: £210m 5.0x EV/LTM Revenues 14.6x EV/LTM EBITDA	Acquisition
Total Funding		-