Eque2 Limited
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Eque2 Limited - overview
Established
2012
Location
-, Berkshire, UK
Primary Industry
Software
About
Based in Maidenhead, UK, and founded in 2012, Eque2 Limited operates as a construction company software company to automate business processes, price, and measure bills of quantities. The company serves more than 2,700 customers spanning small to enterprise-sized organizations in the housebuilding, construction, and contracting sectors. In May 2013, Baronsmead and Livingbridge acquired Eque2 from Sage (UK) Limited. In November 2017, LDC acquired the company, and in December 2020, WestBridge Capital, along with the company's management, acquired a 75% majority stake in Eque2 Limited from LDC for GBP 46.
5 million. Additionally, Kempen European Private Equity Fund acquired a direct interest in the company in February 2021. Eque2 provides job costing software, EValuate construction estimating software, housebuilding software, EVision construction accounting software, and service management software to integrate the commercial and financial aspects of housebuilders, enterprise contractors, architects, engineers, and estimators. The company also provides webinars for job costing, construction industry scheme (CIS) and subcontractor management, managing plant, client billing, applications and retentions, managing variations, and reporting.
In 2019, Eque2 generated GBP 1. 63 million of revenue, a 120. 81% increase from GBP 0. 74 million in 2018.
Current Investors
WestBridge Capital, Van Lanschot Kempen Investment Management
Primary Industry
Software
Sub Industries
Accounting/Finance Software, Analytics & Performance Software
Website
www.eque2.co.uk
Verticals
Mobile Apps
Company Stage
Mature
Total Amount Raised
Subscriber access only
Eque2 Limited - timeline of key events
Eque2 Limited - financials
| Fiscal Year Ended | Apr 29, 2014 | Apr 29, 2015 | Apr 29, 2016 | Apr 29, 2017 | Apr 29, 2018 | Apr 29, 2019 | Apr 29, 2020 | Apr 30, 2021 | Apr 30, 2022 | Apr 30, 2023 | Apr 30, 2024 | Apr 30, 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 8,761,567 | 9,823,345 | 10,560,608 | 11,429,339 | 12,966,334 | 15,315,148 | 15,875,547 | 16,249,706 | 16,627,684 | - | - | - |
| % Revenue Growth (YoY) | - | 12.1% | 7.5% | 8.2% | 13.4% | 18.1% | 3.7% | 2.4% | 2.3% | - | - | - |
| EBITDA (USD) | 581,036 | 829,980 | 781,732 | 977,723 | 1,420,595 | 2,146,013 | 2,299,966 | 2,223,761 | 2,114,589 | - | - | - |
| Operating Income (USD) | 150,658 | 360,872 | 232,966 | 405,665 | 824,510 | 1,512,675 | 1,678,800 | 1,625,721 | 1,525,880 | - | - | - |
| Operating Margin | 1.7% | 3.7% | 2.2% | 3.5% | 6.4% | 9.9% | 10.6% | 10.0% | 9.2% | - | - | - |
| % EBITDA Margin | 6.6% | 8.4% | 7.4% | 8.6% | 11.0% | 14.0% | 14.5% | 13.7% | 12.7% | - | - | - |
| NET Income (USD) | (219,145) | 59,047 | 14,605 | 231,513 | 741,345 | 1,636,995 | 1,667,545 | 1,705,738 | 1,426,917 | - | - | - |
| % Net Margin | (2.5%) | 0.6% | 0.1% | 2.0% | 5.7% | 10.7% | 10.5% | 10.5% | 8.6% | - | - | - |
Eque2 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Secondary Buyout | Completed | Eque2 Limited | - | ||||||||
| Secondary Buyout | Completed | Eque2 Limited | - | ||||||||
| Secondary Buyout | Completed | Eque2 Limited | - | ||||||||
| Add-on | Completed | CLiP IT Solutions Limited | - | ||||||||
| Add-on | Completed | JNC Solutions Ltd. | - |
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Eque2 Limited - employee data
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