LRQA Group Limited
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LRQA Group Limited - overview
Established
2021
Location
London, -, UK
Primary Industry
Business Support Services
About
Based in London, UK, and founded in 2021, LRQA Group Limited is a business assurance and inspection services division of Lloyd’s Register Group Limited, which is set up as an independent business and branded as LRQA after the acquisition by funds managed by Goldman Sachs Asset Management. In June 2021, Goldman Sachs Merchant Banking Division agreed to fully acquire LRQA Group Limited from Lloyd’s Register Group Limited for USD 100 million. LRQA provides a diverse array of services, such as independent audits, certification, training, technical advisory support, real-time assurance technology, and data-based supply chain enhancement. These services cater to various sectors, including aerospace and defence, automotive and engineering, construction, energy and renewables, financial and professional services, food and beverage, primary production, processors, retail, aquaculture, and other industries.
Current Investors
Goldman Sachs Asset Management
Primary Industry
Business Support Services
Sub Industries
Consulting Services, Security Services, Financial Services, IT Security/Cybersecurity
Website
www.lrqa.com/
Verticals
IoT (Internet of Things)
Total Amount Raised
Subscriber access only
LRQA Group Limited - financials
| Fiscal Year Ended | Jun 30, 2012 | Jun 30, 2013 | Jun 30, 2014 | Jun 30, 2015 | Jun 30, 2016 | Jun 30, 2017 | Jun 30, 2018 | Jun 30, 2019 | Dec 31, 2020 | Jun 30, 2021 | Dec 31, 2022 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 18,870,000 | 22,500,000 | 30,193,000 | 28,022,000 | 28,416,000 | 31,815,000 | 26,714,000 | 23,610,000 | 37,320,000 | - | - | - |
| % Revenue Growth (YoY) | - | 19.2% | 34.2% | (7.2%) | 1.4% | 12.0% | (16.0%) | (11.6%) | - | - | - | - |
| EBITDA (USD) | (4,495,000) | (3,088,000) | 2,240,000 | 2,320,000 | 1,641,000 | 5,010,000 | 1,882,000 | 4,773,000 | 8,082,000 | - | - | - |
| Operating Income (USD) | (4,513,000) | (3,118,000) | 2,211,000 | 2,271,000 | 1,616,000 | 4,999,000 | 1,870,000 | 4,758,000 | 8,055,000 | - | - | - |
| Operating Margin | (23.9%) | (13.9%) | 7.3% | 8.1% | 5.7% | 15.7% | 7.0% | 20.2% | 21.6% | - | - | - |
| % EBITDA Margin | (23.8%) | (13.7%) | 7.4% | 8.3% | 5.8% | 15.7% | 7.0% | 20.2% | 21.7% | - | - | - |
| NET Income (USD) | (4,374,000) | (1,722,000) | (2,659,000) | (21,829,000) | (17,241,000) | (16,297,000) | (7,746,000) | (3,810,000) | (8,286,000) | - | - | - |
| % Net Margin | (23.2%) | (7.7%) | (8.8%) | (77.9%) | (60.7%) | (51.2%) | (29.0%) | (16.1%) | (22.2%) | - | - | - |
LRQA Group 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 | Partner Africa | - | ||||||||
| Add-on | Completed | American Center for Sustainable Certifications | - | ||||||||
| Add-on | Completed | Lindinger Inspection Companies | - | ||||||||
| Add-on | Completed | International Compliance Group | - | ||||||||
| Add-on | Completed | EcoEngineers | - |
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