Rimstock
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Rimstock - overview
Established
1985
Location
West Bromwich, England, UK
Primary Industry
Automobiles, Other Vehicles & Parts
About
Rimstock specializes in the design and manufacture of high-performance alloy wheels, primarily servicing the automotive and motorsport industries with innovative engineering solutions and custom products. Founded in 1985 in West Bromwich, UK, Rimstock focuses on producing high-quality alloy wheels. The company has undergone restructuring recently and was acquired by Sarb Capital in September 2023. The firm is led by CEO Dave Pound and Director Stephen Lane.
Rimstock offers a diverse range of alloy wheels designed for both the automotive and motorsport sectors. Their products include custom wheels that meet stringent performance standards, providing clients with tailored solutions for various vehicle applications. In the most recent year, Rimstock reported a revenue of USD 10. 17 mn, while the EBITDA for that year was USD -8.
92 mn. Following the acquisition by Sarb Capital, Rimstock plans to focus on expanding its product line with new wheel designs aimed at enhancing performance and aesthetics. The company is also looking to enter new markets beyond the UK, aiming to establish a presence in key European regions by 2025. The recent acquisition is intended to support these growth initiatives and enhance operational capabilities.
Current Investors
Sarb Capital, Current Capital, Safanad
Primary Industry
Automobiles, Other Vehicles & Parts
Sub Industries
Automobiles, Other Vehicles & Parts
Website
https://www.rimstock.com/
Verticals
Manufacturing
Company Stage
Mature
Total Amount Raised
Subscriber access only
Rimstock - financials
| Fiscal Year Ended | Mar 31, 2010 | Mar 31, 2011 | Mar 31, 2012 | Mar 31, 2013 | Mar 31, 2014 | Mar 31, 2015 | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Dec 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 11,992,077 | 15,891,022 | 16,608,334 | 16,942,821 | 15,978,870 | 16,950,180 | 14,317,515 | 16,242,231 | - | - | - |
| % Revenue Growth (YoY) | - | 32.5% | 4.5% | 2.0% | (5.7%) | 6.1% | (15.5%) | 13.4% | - | - | - |
| EBITDA (USD) | 723,414 | 1,220,789 | 1,122,560 | 1,254,920 | 1,413,827 | 1,563,811 | 1,155,555 | 1,609,355 | - | - | - |
| Operating Income (USD) | 135,028 | 605,309 | 429,483 | 447,804 | 566,152 | 657,879 | 254,589 | 779,106 | - | - | - |
| Operating Margin | 1.1% | 3.8% | 2.6% | 2.6% | 3.5% | 3.9% | 1.8% | 4.8% | - | - | - |
| % EBITDA Margin | 6.0% | 7.7% | 6.8% | 7.4% | 8.8% | 9.2% | 8.1% | 9.9% | - | - | - |
| NET Income (USD) | 36,601 | 407,791 | 329,305 | 388,026 | 408,907 | 358,235 | 139,337 | 430,969 | - | - | - |
| % Net Margin | 0.3% | 2.6% | 2.0% | 2.3% | 2.6% | 2.1% | 1.0% | 2.7% | - | - | - |
Rimstock - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restructuring | Completed | Rimstock | - | ||||||||
| Bankruptcy/Write-off | Completed | Rimstock | - | ||||||||
| Unspecified Exit | Completed | Rimstock | - | ||||||||
| Buyout | Completed | Rimstock | - |
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Rimstock - employee data
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