Cuts Ice Limited
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Cuts Ice Limited - overview
Established
2012
Location
Manchester, England, UK
Primary Industry
Chemicals
About
Cuts Ice Limited is a company specializing in the development and distribution of high-quality vaping products, catering to a diverse market with innovative solutions and a strong commitment to customer satisfaction. Cuts Ice Limited was founded in 2012 and is headquartered in Manchester, UK. The company operates in the vaping industry, focusing on the development of products that meet evolving consumer preferences. In August 2022, Supreme Brands acquired Cuts Ice Limited from LDC to enhance its footprint in Europe, particularly within the vaping sector.
The acquisition marks a strategic shift for Supreme Brands as it seeks to broaden its market reach. Cuts Ice Limited offers a range of vaping products, including e-liquids and hardware, designed to meet the needs of both casual and dedicated users. Their product line is tailored to provide a comprehensive vaping experience, ensuring quality and satisfaction. The company's offerings are aimed at various customer segments, ensuring a wide appeal in the competitive vaping market.
In 2021, Cuts Ice Limited reported a revenue of USD 14. 36 mn, with an EBITDA of USD 874,201. This financial performance reflects the company's effective revenue model and its capacity to generate sustainable income through product sales and market expansion efforts. Following its acquisition in August 2022, Cuts Ice Limited will leverage Supreme Brands' resources to facilitate expansion into new markets across Europe, particularly focusing on the vaping sector.
The acquisition is strategically aligned to enhance market presence and support the development of innovative new products aimed at evolving consumer preferences. Through these initiatives, Cuts Ice Limited aims to strengthen its position in the industry and drive future growth.
Current Investors
Dunedin, Supreme Brands
Primary Industry
Chemicals
Sub Industries
Cigarettes, Cigars & E-cigarettes, Logistics & Distribution, Chemicals
Website
www.cutsice.com
Verticals
Manufacturing
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Cuts Ice Limited - timeline of key events
Cuts Ice Limited - financials
| Fiscal Year Ended | Feb 28, 2017 | Feb 28, 2018 | Feb 28, 2019 | Feb 29, 2020 | Feb 28, 2021 |
|---|---|---|---|---|---|
| Revenue (USD) | 12,123,000 | 15,963,000 | - | - | - |
| % Revenue Growth (YoY) | - | 31.7% | - | - | - |
| EBITDA (USD) | 1,484,000 | 3,897,000 | - | - | - |
| Operating Income (USD) | 1,119,000 | 3,422,000 | - | - | - |
| Operating Margin | 9.2% | 21.4% | - | - | - |
| % EBITDA Margin | 12.2% | 24.4% | - | - | - |
| NET Income (USD) | 888,000 | 3,154,000 | - | - | - |
| % Net Margin | 7.3% | 19.8% | - | - | - |
Cuts Ice Limited - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Cuts Ice Limited | - | ||||||||
| Growth | Completed | Cuts Ice Limited | - |
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Cuts Ice Limited - employee data
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