ADEY Innovation Limited
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
ADEY Innovation Limited - overview
Established
2003
Location
-, -, UK
Primary Industry
Logistics & Distribution
About
ADEY Innovation Limited, based in the UK, specializes in innovative water treatment solutions designed to enhance the efficiency and longevity of heating systems through advanced filtration technology and treatment products. Founded in 2003 in the UK, ADEY Innovation Limited focuses on water treatment solutions and has introduced several key products to the market over the years. The company was notably acquired by Polypipe Group plc in February 2021 for GBP 210 million, facilitating its growth strategy. The firm operates from its headquarters in Cheltenham, England, and has expanded its reach across various global markets.
ADEY Innovation Limited provides a range of water treatment solutions, including the MagnaClean® magnetic filter, which protects heating and cooling systems from sludge and corrosion. The company's product offerings encompass magnetic filters, water treatment chemicals, and digital water testing kits. ADEY serves a diverse clientele, including residential homeowners and commercial installers, across markets in the UK, Europe, North America, and China, addressing issues related to heating system inefficiencies caused by poor water quality. In 2023, ADEY Innovation Limited reported a revenue of GBP 52,215,421.
20 and an EBITDA of GBP 8,846,866. 70, driven by the sale of its water treatment products and services through a B2B model with various distributors and wholesalers. With the acquisition by Polypipe Group in February 2021, ADEY Innovation Limited is positioned to accelerate its growth initiatives, which include the development of new product offerings and the expansion into markets such as North America and Asia by 2025. The funding from the acquisition will strengthen ADEY's industrial and construction capabilities, enhancing their market position and product portfolio.
Primary Industry
Logistics & Distribution
Sub Industries
Heating, Cooling & Ventilation Equipment and Services, Electrical, Plumbing & Hardware Distributors, Commodity Chemicals
Website
www.adey.com
Verticals
Manufacturing
Company Stage
Acquired
Total Amount Raised
Subscriber access only
ADEY Innovation Limited - timeline of key events
ADEY Innovation Limited - financials
| Fiscal Year Ended | Mar 31, 2010 | Mar 31, 2011 | Mar 31, 2012 | 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 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 20,524,311 | 13,609,000 | 15,293,000 | - | - | - | 7,519,000 | 18,942,000 | 11,495,000 | 40,972,000 | 41,781,000 | 41,827,000 | 52,565,000 | - | - | - |
| % Revenue Growth (YoY) | - | (33.7%) | 12.4% | - | - | - | - | 151.9% | (39.3%) | 256.4% | 2.0% | 0.1% | 25.7% | - | - | - |
| EBITDA (USD) | 5,891,752 | 1,732,000 | 2,232,000 | 567,000 | 1,086,000 | 2,233,000 | 4,949,000 | 16,963,000 | 4,074,000 | 12,120,000 | 12,814,000 | 14,423,000 | 14,032,000 | - | - | - |
| Operating Income (USD) | 5,808,542 | 1,570,000 | 2,011,000 | 552,000 | 1,063,000 | 2,175,000 | 4,877,000 | 16,842,000 | 3,956,000 | 11,160,000 | 11,663,000 | 12,409,000 | 11,871,000 | - | - | - |
| Operating Margin | 28.3% | 11.5% | 13.1% | - | - | - | 64.9% | 88.9% | 34.4% | 27.2% | 27.9% | 29.7% | 22.6% | - | - | - |
| % EBITDA Margin | 28.7% | 12.7% | 14.6% | - | - | - | 65.8% | 89.6% | 35.4% | 29.6% | 30.7% | 34.5% | 26.7% | - | - | - |
| NET Income (USD) | 3,950,651 | 1,327,000 | 1,665,000 | 289,000 | 949,000 | 2,105,000 | 4,509,000 | 16,486,000 | 3,550,000 | 12,603,000 | 11,051,000 | 11,577,000 | 10,229,000 | - | - | - |
| % Net Margin | 19.2% | 9.8% | 10.9% | - | - | - | 60.0% | 87.0% | 30.9% | 30.8% | 26.4% | 27.7% | 19.5% | - | - | - |
ADEY Innovation 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | ADEY Innovation Limited | - | ||||||||
| Buyout | Completed | ADEY Innovation Limited | - |
Displaying 1 - 2 of 2
ADEY Innovation Limited - employee data
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.