Korrie Technical Services Ltd
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Korrie Technical Services Ltd - overview
Established
2010
Location
Inverness, Scotland, UK
Primary Industry
Consumer Services
About
Korrie Technical Services Ltd delivers innovative technology solutions that cater to the needs of various industries, enhancing operational efficiency and customer engagement through advanced software platforms. Founded in 2010, Korrie Technical Services Ltd is headquartered in Inverness, UK, specializing in technology solutions that streamline operational processes. The company was acquired by Edwin James Group in 2017, although financial details of the transaction were not disclosed. Korrie Technical Services Ltd specializes in innovative technology solutions tailored for various sectors including retail, healthcare, and finance.
Its core offerings consist of advanced software platforms designed to enhance operational processes, data analytics, and customer engagement, serving a diverse client base from small-to-medium enterprises (SMEs) to large corporations across North America, Europe, and parts of Asia. In 2024, Korrie Technical Services Ltd reported a revenue of USD 20. 78 mn and an EBITDA of USD 723,557. 80.
The company primarily generates revenue through a subscription-based model for its software solutions, enabling clients to utilize its platforms under annual contracts and establishing strategic partnerships to enhance its market effectiveness. Korrie Technical Services Ltd plans to expand its product offerings and explore new markets following its acquisition in 2017. The company is developing additional software solutions aimed at enhancing industry-specific needs, with plans for a market release by 2025. Furthermore, Korrie Technical Services Ltd targets expansion into new geographic regions, including increased market penetration in Asia and Europe by 2026.
This strategy will be supported by the resources acquired from the 2017 acquisition, enabling the company to invest in new product development and market outreach.
Current Investors
MARCH Ltd
Primary Industry
Consumer Services
Sub Industries
Home Repair Services
Website
www.korrie.co.uk
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Korrie Technical Services Ltd - timeline of key events
Korrie Technical Services Ltd - financials
| Fiscal Year Ended | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Feb 28, 2018 | Feb 28, 2019 | Feb 29, 2020 | Feb 28, 2021 | Feb 28, 2022 | Feb 28, 2023 | Feb 29, 2024 | Feb 28, 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 9,899,456 | 10,139,550 | 13,113,660 | 13,713,260 | - | 17,670,592 | 15,040,365 | 16,752,889 | 10,150,794 | 15,809,421 | - | - | - |
| % Revenue Growth (YoY) | - | 2.4% | 29.3% | 4.6% | - | - | - | 11.4% | (39.4%) | 55.7% | - | - | - |
| EBITDA (USD) | 781,849 | 602,461 | 1,015,659 | 1,268,490 | - | 341,823 | (48,646) | 413,948 | (993,891) | 756,357 | - | - | - |
| Operating Income (USD) | 686,771 | 504,185 | 927,180 | 1,163,026 | - | 227,254 | (124,284) | 357,584 | (1,051,309) | 674,956 | - | - | - |
| Operating Margin | 6.9% | 5.0% | 7.1% | 8.5% | - | 1.3% | (0.8%) | 2.1% | (10.4%) | 4.3% | - | - | - |
| % EBITDA Margin | 7.9% | 5.9% | 7.7% | 9.3% | - | 1.9% | (0.3%) | 2.5% | (9.8%) | 4.8% | - | - | - |
| NET Income (USD) | 519,956 | 378,087 | 738,390 | 906,351 | - | 197,976 | (121,191) | 327,138 | (1,242,815) | 520,861 | - | - | - |
| % Net Margin | 5.3% | 3.7% | 5.6% | 6.6% | - | 1.1% | (0.8%) | 2.0% | (12.2%) | 3.3% | - | - | - |
Korrie Technical Services 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Korrie Technical Services Ltd | - |
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Korrie Technical Services Ltd - employee data
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