Haystack Dryers Limited
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Haystack Dryers Limited - overview
Location
-, Dorset, UK
Primary Industry
Consumer Products
About
Haystack Dryers is a UK-based company that specializes in creating innovative body dryers for the leisure industry. Their products enhance guest experiences by providing efficient drying solutions in high-traffic recreation environments. Haystack Dryers develops and manufactures body dryers specifically for leisure facilities. The company is headquartered in the UK and was founded through the efforts of a team of individuals.
On November 20, 2012, Haystack Dryers raised GBP 3. 5 million in venture financing from NVM Private Equity. This funding marked an important step in the company’s growth, as it has successfully raised a total of GBP 3. 5 million.
Haystack Dryers specializes in the development and manufacturing of innovative body dryers tailored for the leisure industry. Their core product line includes high-capacity dryers designed to accommodate up to five individuals simultaneously, making them suitable for theme parks, water parks, swimming pools, and resorts. These dryers provide an efficient solution for drying off patrons quickly, enhancing comfort after water activities. Haystack Dryers caters to a diverse clientele across Europe, North America, Asia Pacific, and the Middle East, focusing on high-traffic leisure facilities where effective drying solutions are essential.
In the most recent financial year, 2021, Haystack Dryers reported a revenue of GBP 1,791,480. 70 and an EBITDA of GBP 659,878. 50. The company’s revenue model is structured around direct sales to businesses within the leisure industry, primarily engaging in B2B transactions with theme parks, resorts, and aquatic centers.
Clients typically either make one-time purchases or establish long-term partnerships for ongoing support and maintenance of the dryers. Haystack Dryers plans to leverage its recent funding of GBP 3. 5 million raised in November 2012 to support the development of new products and enhance its market presence. The company is focusing on expanding into new geographic markets, specifically targeting regions in Asia Pacific and the Middle East, with plans to establish a stronger foothold by 2024.
This strategic growth involves launching upgraded models of their body dryers, designed to meet evolving customer demands and preferences.
Current Investors
NVM Private Equity
Primary Industry
Consumer Products
Sub Industries
Household Appliances
Website
www.haystack-dryers.com
Verticals
Wearables & Quantified Self
Company Stage
Early Stage
Total Amount Raised
Subscriber access only
Haystack Dryers Limited - timeline of key events
Haystack Dryers 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 1,124,278 | 1,454,224 | 1,447,672 | 1,590,331 | 1,544,034 | 1,593,479 | - | - | - | - | - |
| % Revenue Growth (YoY) | - | 29.3% | (0.5%) | 9.9% | (2.9%) | 3.2% | - | - | - | - | - |
| EBITDA (USD) | 541,217 | 732,476 | 702,671 | 2,260,055 | 881,694 | 900,411 | - | - | - | - | - |
| Operating Income (USD) | 303,475 | 441,701 | 318,843 | 1,751,025 | 303,801 | 326,215 | - | - | - | - | - |
| Operating Margin | 27.0% | 30.4% | 22.0% | 110.1% | 19.7% | 20.5% | - | - | - | - | - |
| % EBITDA Margin | 48.1% | 50.4% | 48.5% | 142.1% | 57.1% | 56.5% | - | - | - | - | - |
| NET Income (USD) | 178,262 | 412,674 | 166,528 | 1,780,297 | 375,392 | 134,030 | - | - | - | - | - |
| % Net Margin | 15.9% | 28.4% | 11.5% | 111.9% | 24.3% | 8.4% | - | - | - | - | - |
Haystack Dryers 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unspecified Round | Completed | Haystack Dryers Limited | - |
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Haystack Dryers Limited - employee data
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