HHGL Limited
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HHGL Limited - overview
Established
1979
Location
Milton Keynes, -, UK
Primary Industry
Retail
About
Founded in 1979 and based in Milton Keynes, UK, HHGL Limited, doing business as Homebase, sells hardware, kitchenware, garden tools, paint and other home improvement products through their online website and retail stores in UK and Ireland. The company was founded in the 1970s as a product line of GB-Inno-BM and Sainsbury’s, but was then sold to Shroder Ventures, GUS and eventually Wesfarmers in the 2000s. Furthermore, in 2018, HHGL Limited was acquired by Hilco Capital from Wesfarmers, entering a CVA agreement and undergoing restructuring. Nowadays, the company has 5,600 employees and 152 retail stores in the UK and Ireland.
The company provides a range of home improvement and garden solutions covering paint and decorating, garden and outdoor products, kitchenware, bathroom, flooring, lighting, furniture, storage, building and hardware. Some of its products include fireplaces, stoves, dishwashers, refrigerators, sofa beds and wall coverings.
Current Investors
Hilco Capital
Primary Industry
Retail
Sub Industries
Furniture, Household Appliances, Home Improvement & DIY, Electrical, Plumbing & Hardware Distributors
Website
www.homebase.co.uk
Verticals
E-commerce
Total Amount Raised
Subscriber access only
HHGL Limited - timeline of key events
HHGL Limited - financials
| Fiscal Year Ended | Feb 27, 2010 | Feb 26, 2011 | Mar 03, 2012 | Mar 02, 2013 | Mar 01, 2014 | Feb 28, 2015 | Feb 27, 2016 | Feb 28, 2017 | Jun 30, 2018 | Dec 30, 2018 | Dec 29, 2019 | Dec 27, 2020 | Dec 26, 2021 | Dec 26, 2022 | Jan 01, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 1,477,990,000 | 1,457,093,000 | 1,447,859,000 | 1,355,013,000 | 1,415,829,000 | 1,408,807,000 | 1,360,112,000 | 1,177,114,000 | 1,431,980,000 | 458,077,000 | 775,779,000 | 738,145,000 | - | - | - |
| % Revenue Growth (YoY) | - | (1.4%) | (0.6%) | (6.4%) | 4.5% | (0.5%) | (3.5%) | (13.5%) | - | - | - | (4.9%) | - | - | - |
| EBITDA (USD) | 81,745,000 | 104,106,000 | 105,529,000 | 30,259,000 | 18,773,000 | 50,385,000 | 76,436,000 | (106,763,000) | (355,732,000) | (5,686,000) | 81,000 | 69,010,000 | - | - | - |
| Operating Income (USD) | 50,650,000 | 71,007,000 | 68,280,000 | (997,000) | (14,090,000) | 16,769,000 | 43,299,000 | (139,459,000) | (393,678,000) | (10,385,000) | (9,925,000) | 52,556,000 | - | - | - |
| Operating Margin | 3.4% | 4.9% | 4.7% | (0.1%) | (1.0%) | 1.2% | 3.2% | (11.8%) | (27.5%) | (2.3%) | (1.3%) | 7.1% | - | - | - |
| % EBITDA Margin | 5.5% | 7.1% | 7.3% | 2.2% | 1.3% | 3.6% | 5.6% | (9.1%) | (24.8%) | (1.2%) | 0.0% | 9.3% | - | - | - |
| NET Income (USD) | 39,799,000 | 39,544,000 | 44,967,000 | (15,340,000) | (22,222,000) | 8,158,000 | 32,185,000 | (127,914,000) | (430,581,000) | (14,692,000) | (19,108,000) | 66,959,000 | - | - | - |
| % Net Margin | 2.7% | 2.7% | 3.1% | (1.1%) | (1.6%) | 0.6% | 2.4% | (10.9%) | (30.1%) | (3.2%) | (2.5%) | 9.1% | - | - | - |
HHGL 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 | Bathstore.com Limited | - | ||||||||
| Buyout | Completed | HHGL Limited | - | ||||||||
| Trade Sale | Completed | HHGL Limited | - | ||||||||
| Buyout | Completed | HHGL Limited | - |
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HHGL Limited - employee data
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