Horizon Parking Ltd.
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Horizon Parking Ltd. - overview
Established
2011
Location
Chelmsford, -, UK
Primary Industry
Software
About
Founded in 2011 and based in Chelmsford, UK, Horizon Parking Ltd. operates as a provider of parking lot software solutions that will enable users to process vehicles as they enter, provide aerial surveys, use the pay-and-display parking method, and offer self-ticketing. In December 2023, a consortium of investors, including Westbrooke Alternative Asset Management, led by Trimountain Partners, invested in Horizon Parking Ltd. The company provides Horizon Parking's ANPR (Automatic Number Plate Recognition) solution.
This technology automatically photographs and processes all vehicles as they enter and leave a car park, enforcing parking restrictions by sending warnings or Parking Charge Notices (PCNs) to those in breach of the parking restrictions. The ANPR solution can help reduce the costs of managing car parks and improve the turnover of parking spaces. Horizon Parking offers a full turnkey solution from installation, commissioning, and operation through to enforcement, ongoing maintenance, and a customer support and appeals service. The management approach can be tailored to individual site requirements and provides a flexible approach to enforcement, allowing clients to set and change parking restrictions and retain control over these restrictions.
Current Investors
Westbrooke Alternative Asset Management, Trimountain Partners
Primary Industry
Software
Sub Industries
Facilities & Maintenance Services, Web Applications, Analytics & Performance Software
Website
www.horizonparking.co.uk
Verticals
Big Data, Cloud Computing
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
Horizon Parking Ltd. - timeline of key events
Horizon Parking Ltd. - financials
| Fiscal Year Ended | Aug 31, 2016 | Aug 31, 2017 | Aug 31, 2018 | Aug 31, 2019 | Aug 31, 2020 | Aug 31, 2021 | Aug 31, 2022 | Aug 31, 2023 | Aug 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 7,885,110 | 18,443,914 | 18,378,032 | 20,349,535 | 21,662,085 | 24,125,139 | - | - | - |
| % Revenue Growth (YoY) | - | 133.9% | (0.4%) | 10.7% | 6.5% | 11.4% | - | - | - |
| EBITDA (USD) | 744,088 | 1,170,890 | 1,332,446 | 2,237,988 | 2,270,094 | 5,398,797 | - | - | - |
| Operating Income (USD) | 361,544 | 584,911 | 384,384 | 708,255 | 38,093 | 3,204,425 | - | - | - |
| Operating Margin | 4.6% | 3.2% | 2.1% | 3.5% | 0.2% | 13.3% | - | - | - |
| % EBITDA Margin | 9.4% | 6.3% | 7.3% | 11.0% | 10.5% | 22.4% | - | - | - |
| NET Income (USD) | 223,192 | 149,978 | 324,723 | 566,422 | (80,446) | 2,621,015 | - | - | - |
| % Net Margin | 2.8% | 0.8% | 1.8% | 2.8% | (0.4%) | 10.9% | - | - | - |
Horizon Parking Ltd. - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Growth | Completed | Horizon Parking Ltd. | - |
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Horizon Parking Ltd. - employee data
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