IG Doors Ltd
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IG Doors Ltd - overview
Established
1979
Location
-, -, UK
Primary Industry
Materials
About
IG Doors Ltd is a UK-based manufacturer specializing in high-quality door solutions for residential and commercial applications, focusing on durability, energy efficiency, and safety. Founded in 1979 in the UK, IG Doors Ltd engages in the design and manufacturing of premium door solutions. The firm underwent a significant change when it was acquired by the Hörmann Group in June 2013, a move that generated a 17. 3% IRR and a 3.
3x money multiple. The company has raised a total of GBP 6. 9 mn in funding, with the latest round being a Buyout in 2013 led by NVM Private Equity. IG Doors operates from its headquarters in the UK and has established a strong presence in the door manufacturing sector.
IG Doors specializes in high-quality door solutions, including the Classic44, Clima63, Platinum44, and Ignis30 ranges. The Classic44 features glass-reinforced polymer doors known for their durability and aesthetic appeal. Clima63 offers insulated doors with a U-value below 1 W/m²K for energy efficiency. The Platinum44 range focuses on robust steel doors for enhanced security, while the Ignis30 Fire Safety Door Range provides 30-minute fire resistance.
Serving primarily the UK market, IG Doors is a trusted supplier for new builds and social housing refurbishment. In the most recent fiscal year of 2023, IG Doors reported a revenue of GBP 37,581,768. 3, with an EBITDA of GBP -503,793. 7.
The company operates primarily on a B2B model, supplying builders, developers, and housing authorities with bulk orders of their door products, thus emphasizing consistent quality and timely delivery. Looking ahead, IG Doors aims to expand its product offerings with new designs set to launch by 2025, targeting increased market share in the UK and potential international markets. Following the acquisition by Hörmann Group, the recent funding will support these initiatives, allowing investment in development and marketing strategies to enhance their reach. The company is also focused on enhancing its product lines to meet evolving customer demands, aiming to leverage its increased resources for sustainable growth.
Primary Industry
Materials
Sub Industries
Glass, Rubber & Plastics, Steel & Metals
Website
https://www.igdoors.co.uk
Verticals
Manufacturing
Company Stage
Acquired
Total Amount Raised
Subscriber access only
IG Doors Ltd - timeline of key events
IG Doors Ltd - financials
| Fiscal Year Ended | Dec 31, 2010 | 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) | 18,574,000 | 22,576,000 | 25,031,000 | 25,966,000 | 29,027,000 | 34,345,000 | 36,083,000 | 42,561,000 | 42,176,000 | 35,823,000 | 26,347,000 | 31,383,000 | - | - | - |
| % Revenue Growth (YoY) | - | 21.5% | 10.9% | 3.7% | 11.8% | 18.3% | 5.1% | 18.0% | (0.9%) | (15.1%) | (26.5%) | 19.1% | - | - | - |
| EBITDA (USD) | 2,187,000 | 1,455,000 | 2,789,000 | 2,654,000 | 1,177,000 | 2,780,000 | 2,126,000 | (370,000) | (977,000) | (1,467,000) | (363,000) | 1,122,000 | - | - | - |
| Operating Income (USD) | 1,776,000 | 1,024,000 | 2,346,000 | 2,207,000 | 737,000 | 2,338,000 | 1,681,000 | (849,000) | (1,462,000) | (4,008,000) | (3,820,000) | (2,304,000) | - | - | - |
| Operating Margin | 9.6% | 4.5% | 9.4% | 8.5% | 2.5% | 6.8% | 4.7% | (2.0%) | (3.5%) | (11.2%) | (14.5%) | (7.3%) | - | - | - |
| % EBITDA Margin | 11.8% | 6.4% | 11.1% | 10.2% | 4.1% | 8.1% | 5.9% | (0.9%) | (2.3%) | (4.1%) | (1.4%) | 3.6% | - | - | - |
| NET Income (USD) | 920,000 | 248,000 | 1,557,000 | 3,047,000 | 512,000 | 1,763,000 | 1,276,000 | (1,072,000) | (1,318,000) | (4,182,000) | (2,881,000) | (2,620,000) | - | - | - |
| % Net Margin | 5.0% | 1.1% | 6.2% | 11.7% | 1.8% | 5.1% | 3.5% | (2.5%) | (3.1%) | (11.7%) | (10.9%) | (8.3%) | - | - | - |
IG Doors 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | IG Doors Ltd | - | ||||||||
| Buyout | Completed | IG Doors Ltd | - |
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IG Doors Ltd - employee data
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