Project Virgil | 152729
OPPORTUNITY SUMMARY
FINANCIAL PERFORMANCE
1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500
10,000 12,000 14,000 16,000 18,000 20,000
0 2,000 4,000 6,000 8,000
Turnover £'000
Adjusted EBITDA £'000
0 500
YE18 YE19 YE20 YE21 YE22 YE23 Proj.YE24 Proj.
Turnover
Adjusted EBITDA
FINANCIAL HIGHLIGHTS
A Achieved turnover of £12.5 million in YE22, with an adjusted EBITDA of circa £2.8 million. A Company operations were temporarily impacted in YE21, with turnover reaching £7.3 million and an adjusted EBITDA of £1.6 million; however, this impact was only temporary, with the business having already exceeded this in the current financial year. A With demand for the company’s services rising rapidly, turnover is projected to rise to £16 million in YE23, with adjusted EBITDA also anticipated to increase to circa £3.3 million. A Maintains strong gross profit and adjusted EBITDA margins, averaging 70% and 25%, respectively, across the last five years. A Possesses a wealth of assets, including freehold property, plant, machinery, vehicles and computers, with a net book value of circa £3 million. The Directors estimate that the market value of these assets would be closer to £6 million.
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