2468 Group
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2468 Group - overview
Established
2003
Location
-, Meath, Ireland
Primary Industry
Business Support Services
About
2468 Group focuses on enhancing workplace environments by creating customized break spaces that prioritize employee satisfaction and collaboration. Their offerings include innovative breakroom solutions, vending services, and tailored fit-outs designed to foster a positive workplace culture. 2468 Group, established in 2003 and headquartered in Ireland, specializes in transforming workplace breakrooms. In July 2018, the company was acquired by Broadlake Capital, although specific financial details of the deal were not disclosed.
The founder's history has not been detailed, nor are there known subsidiaries or pivots in strategy. 2468 specializes in designing bespoke workplace break spaces that enhance employee appreciation and satisfaction. Their core services include the transformation of traditional breakrooms into inviting areas, providing tailored fit-out services, coffee machines and consumables, snack vending solutions, and water systems. The company also offers micromarkets with a variety of fresh and packaged products, primarily serving clients in the United Kingdom and Ireland to improve workplace culture and employee engagement.
In the most recent year, 2021, 2468 Group reported a revenue of USD 2. 73 mn and an EBITDA of USD 129,851. The company's revenue model relies on providing tailored workplace solutions through direct partnerships with corporate clients, fostering long-term relationships via service agreements for equipment and consumables. Following its acquisition in July 2018, 2468 Group aims to innovate its product offerings, with new services being designed to enhance workplace environments.
The company is actively looking to expand into new markets, focusing on the wider European region by mid-2024. The recent funding will be utilized to support these initiatives, although specifics on how the funds will be allocated have not been detailed.
Current Investors
Broadlake Capital
Primary Industry
Business Support Services
Sub Industries
Office Suppliers, Facilities & Maintenance Services, Hospitality Services
Website
www.2468group.com
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
2468 Group - financials
| Fiscal Year Ended | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 1,462,128 | 1,310,184 | 1,441,654 | 1,595,826 | 1,361,750 | 1,311,608 | 1,316,546 | - | - | - |
| % Revenue Growth (YoY) | - | (10.4%) | 10.0% | 10.7% | (14.7%) | (3.7%) | 0.4% | - | - | - |
| EBITDA (USD) | (11,846) | (130,332) | 97,747 | - | - | - | - | - | - | - |
| Operating Income (USD) | (11,846) | (130,332) | 96,010 | - | - | - | - | - | - | - |
| Operating Margin | (0.8%) | (9.9%) | 6.7% | - | - | - | - | - | - | - |
| % EBITDA Margin | (0.8%) | (9.9%) | 6.8% | - | - | - | - | - | - | - |
| NET Income (USD) | (11,846) | (130,332) | 96,010 | 78,562 | (167,097) | 478,854 | 138,619 | - | - | - |
| % Net Margin | (0.8%) | (9.9%) | 6.7% | 4.9% | (12.3%) | 36.5% | 10.5% | - | - | - |
2468 Group - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | 2468 Group | - |
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