Horwood Homewares Ltd

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Horwood Homewares Ltd - overview

Established

1935

Location

Bristol, England, UK

Primary Industry

Consumer Products

About

Horwood Homewares Ltd is a UK-based company specializing in the design and distribution of high-quality cookware and kitchenware products under renowned brands like Stellar, Judge, and Smidge. Founded in 1935 in Bristol, UK, Horwood Homewares Ltd focuses on manufacturing kitchenware. In April 2016, the company was acquired by TTK Prestige Limited, a portfolio company of Nalanda Capital, marking a strategic transition in ownership. Horwood Homewares specializes in designing, manufacturing, and distributing a diverse range of cookware and kitchenware products, primarily through its well-known British brands: Stellar, Judge, and Smidge.


The company offers a comprehensive selection that includes stainless steel cookware with lifetime guarantees, traditional enamel pans, and eco-friendly travel mugs. These products cater to both home chefs and environmentally conscious consumers, providing functional and aesthetically pleasing solutions for everyday cooking and sustainable living. Horwood distributes its products across a broad geographical scope, including key markets in the UK, Ireland, and select European territories, ensuring that its offerings are accessible to a wide customer base that includes retailers and wholesalers in the kitchenware sector. In the most recent year, Horwood Homewares generated a revenue of EUR 18,111,874.


60 with an EBITDA of EUR 396,357. 50, primarily operating within a B2B framework. The company supplies its products to retailers and wholesalers who then sell to consumers, with transactions typically starting at a minimum order quantity of EUR 600, facilitating flexible stock builds for retailers. Horwood Homewares plans to launch new products, including innovative cookware designs, in the upcoming year.


The company is targeting expansion into additional European markets by 2025 to reach a broader customer base. Recent funding will support these initiatives, enhancing product development and market penetration strategies.


Current Investors

TTK Prestige Limited

Primary Industry

Consumer Products

Sub Industries

Household Appliances, Wood/Hard Products

Website

www.horwood.co.uk

Company Stage

Add-on

Total Amount Raised

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Horwood Homewares Ltd - timeline of key events

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Horwood Homewares Ltd - financials

Fiscal Year EndedDec 31, 2009Dec 31, 2010Dec 31, 2011Dec 31, 2012Dec 31, 2013Dec 31, 2014Dec 31, 2015Dec 31, 2016Mar 31, 2017Mar 31, 2018Mar 31, 2019Mar 31, 2020Mar 31, 2021Mar 31, 2022Mar 31, 2023Mar 31, 2024Mar 31, 2025
Revenue (USD)19,330,39919,399,56117,777,34618,606,41518,711,74517,260,75718,677,313-21,229,48515,629,64715,197,57215,004,03115,505,96018,797,678---
% Revenue Growth (YoY)-0.4%(8.4%)4.7%0.6%(7.8%)8.2%---(2.8%)(1.3%)3.3%21.2%---
EBITDA (USD)3,603,4823,481,1423,104,5313,224,5063,155,1032,648,0283,109,518-3,162,3991,565,577804,416(104,644)1,606,9662,339,473---
Operating Income (USD)3,509,7153,388,6363,004,6603,129,2873,069,1752,556,0453,014,762-3,051,3511,473,337688,219(367,538)1,358,1701,701,427---
Operating Margin18.2%17.5%16.9%16.8%16.4%14.8%16.1%-14.4%9.4%4.5%(2.4%)8.8%9.1%---
% EBITDA Margin18.6%17.9%17.5%17.3%16.9%15.3%16.6%-14.9%10.0%5.3%(0.7%)10.4%12.4%---
NET Income (USD)2,477,8942,555,8362,498,9562,313,4932,380,7682,025,7922,369,511-2,494,3951,271,720626,764(483,877)1,042,4561,268,836---
% Net Margin12.8%13.2%14.1%12.4%12.7%11.7%12.7%-11.7%8.1%4.1%(3.2%)6.7%6.7%---

Horwood Homewares Ltd - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedHorwood Homewares Ltd-

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Horwood Homewares Ltd - employee data

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