Wales Environmental
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Wales Environmental - overview
Established
1980
Location
Okehampton, Devon, UK
Primary Industry
Consumer Services
About
Wales Environmental, operating as Drainology, specializes in comprehensive drainage solutions for commercial and industrial clients across the UK, ensuring efficient management of drainage issues through emergency and planned services. Wales Environmental, founded in 1980 and headquartered in Okehampton, UK, provides drainage services. The company received GBP 2 million in Growth funding from BGF Investment Management in August 2016, totaling GBP 2 million raised to date. Barry Murphy leads the company as CEO.
Drainology specializes in providing comprehensive drainage services tailored for commercial and industrial clients across the UK. Their core offerings include emergency response for blocked drains, sewers, septic tanks, downpipes, guttering, sinks, toilets, baths, and showers. The company operates a 24/7 service model to address urgent issues and also offers planned maintenance programs to prevent future problems. By catering to a diverse range of commercial and industrial customers, Drainology effectively resolves drainage issues that can disrupt business operations, ensuring minimal downtime and operational efficiency.
Their services are available in various regions throughout the UK, including but not limited to Bangor, Bristol, and Liverpool, making them accessible to a wide client base. In 2023, Wales Environmental reported a revenue of GBP 33,525,282. 10 and an EBITDA of GBP 1,922,906. The revenue model is structured around service-based transactions with commercial clients seeking immediate solutions and ongoing maintenance agreements.
Wales Environmental plans to utilize its recent funding to expand its market presence and introduce new products designed to enhance drainage solutions. Specific geographic regions targeted for expansion include additional locations within the UK, aiming for a broader service capability by the end of 2025. The funding from August 2016 will support these strategic initiatives to strengthen the company's offerings and enhance service efficiency.
Current Investors
BGF Investment Management
Primary Industry
Consumer Services
Sub Industries
Consumer Services, Construction
Website
www.drainology.co.uk
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
Wales Environmental - timeline of key events
Wales Environmental - financials
| Fiscal Year Ended | Mar 31, 2014 | Mar 31, 2015 | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Dec 31, 2022 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 5,285,758 | 6,004,200 | 5,661,350 | 6,455,340 | 6,838,185 | 6,430,461 | 6,869,456 | 5,727,588 | - | - | - |
| % Revenue Growth (YoY) | - | 13.6% | (5.7%) | 14.0% | 5.9% | (6.0%) | 6.8% | (16.6%) | - | - | - |
| EBITDA (USD) | 1,478,806 | 1,557,128 | 1,350,671 | 1,206,960 | 697,802 | (87,334) | 316,571 | 261,637 | - | - | - |
| Operating Income (USD) | 1,300,333 | 1,227,682 | 1,005,097 | 872,630 | 374,950 | (468,570) | (60,543) | (296,155) | - | - | - |
| Operating Margin | 24.6% | 20.4% | 17.8% | 13.5% | 5.5% | (7.3%) | (0.9%) | (5.2%) | - | - | - |
| % EBITDA Margin | 28.0% | 25.9% | 23.9% | 18.7% | 10.2% | (1.4%) | 4.6% | 4.6% | - | - | - |
| NET Income (USD) | 1,050,649 | 990,788 | 855,944 | 777,084 | 393,289 | (9,761) | 4,632 | (454,053) | - | - | - |
| % Net Margin | 19.9% | 16.5% | 15.1% | 12.0% | 5.8% | (0.2%) | 0.1% | (7.9%) | - | - | - |
Wales Environmental - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Growth | Completed | Wales Environmental | - |
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Wales Environmental - employee data
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