Foster Denovo Limited
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Foster Denovo Limited - overview
Established
2005
Location
London, -, UK
Primary Industry
Financial Services
About
Based in the UK, and founded in 2005 by its CEO Roger Brosch, Foster Denovo Limited operates as a financial services provider. In February 2022, Crestline Investors acquired a minority stake for GBP 100 million in Foster Denovo Limited. Foster Denovo provides financial consulting services to individuals and businesses, including financial planning, retirement planning, pension advisory, and remortgaging. The company offers Clearview, which is an online investment platform that helps clients track the progress of their investments and manage their financial future.
The company generated a revenue of GBP 27 million for the financial year 2021. The company plans to use the February 2022 investment to expand its presence into the northwest and southwest through organic growth initiatives and acquisitions.
Current Investors
Crestline Investors
Primary Industry
Financial Services
Sub Industries
Consulting Services, Mortgage Banking, Investment Banking
Website
www.fosterdenovo.com
Verticals
FinTech
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Foster Denovo Limited - timeline of key events
Foster Denovo Limited - financials
| Fiscal Year Ended | Dec 31, 2011 | 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) | 18,162,569 | 20,849,040 | 22,604,198 | 23,478,091 | 17,733,107 | 15,696,375 | 16,806,169 | 17,786,743 | 19,209,030 | 19,709,000 | 23,412,000 | - | - | - |
| % Revenue Growth (YoY) | - | 14.8% | 8.4% | 3.9% | (24.5%) | (11.5%) | 7.1% | 5.8% | 8.0% | 2.6% | 18.8% | - | - | - |
| EBITDA (USD) | 722,350 | 1,086,942 | 613,314 | 1,600,070 | (1,448,259) | (754,192) | (1,361,509) | (805,437) | (823,780) | (400,000) | 269,000 | - | - | - |
| Operating Income (USD) | 500,073 | 890,447 | 377,464 | 1,335,772 | (1,854,604) | (1,117,966) | (1,709,545) | (1,110,536) | (1,280,710) | (795,000) | (80,000) | - | - | - |
| Operating Margin | 2.8% | 4.3% | 1.7% | 5.7% | (10.5%) | (7.1%) | (10.2%) | (6.2%) | (6.7%) | (4.0%) | (0.3%) | - | - | - |
| % EBITDA Margin | 4.0% | 5.2% | 2.7% | 6.8% | (8.2%) | (4.8%) | (8.1%) | (4.5%) | (4.3%) | (2.0%) | 1.1% | - | - | - |
| NET Income (USD) | 386,934 | 708,220 | 317,569 | 1,018,745 | (1,843,338) | (1,004,156) | (1,573,017) | (882,611) | (816,774) | (687,000) | (219,000) | - | - | - |
| % Net Margin | 2.1% | 3.4% | 1.4% | 4.3% | (10.4%) | (6.4%) | (9.4%) | (5.0%) | (4.3%) | (3.5%) | (0.9%) | - | - | - |
Foster Denovo 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Verum Wealth | - | ||||||||
| Add-on | Completed | Brian Mole Independent Financial Advisers Ltd | - | ||||||||
| Add-on | Completed | 80 Twenty Consultancy | - | ||||||||
| Add-on | Completed | Rosemount Asset Management Ltd. | - | ||||||||
| Add-on, Corporate Carve Out | Completed | Punter Southall Aspire’s employee benefits business | - |
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Foster Denovo Limited - employee data
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