Nu-Heat UK Ltd.
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Nu-Heat UK Ltd. - overview
Established
1992
Location
-, Devon, UK
Primary Industry
Heating, Cooling & Ventilation Equipment and Services
About
Based in Honiton, UK, and founded in 1992, Nu-Heat UK Ltd. , in 1992, the first underfloor heating order placed from The Garvins, and there were four directors and one other employee. In 2012, LoPro®10, a retrofit underfloor heating system, is launched. In 2016, AcoustiPanel®14, an underfloor heating system, is launched.
In 2019, Nu-Heat introduces FastDeck®, a completely dry alternative to screed underfloor heating systems, and ElectroMat®, our first electric underfloor heating kit. The company offers heated flooring based on renewable energy using software, with a full set, tried and tested components for installers, housebuilders, contractors, architects, and self-builders to receive customized services to suit their needs. The Nu-Heat business has a track record of profitability and cashflow generation. For the twelve months ended 31 December 2020, it generated revenue of £16.
0 million and reported EBITDA of £3. 1 million.
Current Investors
Regional Investment Funds, IXO Private Equity, Polypipe Group plc
Primary Industry
Heating, Cooling & Ventilation Equipment and Services
Sub Industries
Construction, Heating, Cooling & Ventilation Equipment and Services
Website
www.nu-heat.co.uk
Verticals
IoT (Internet of Things)
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Nu-Heat UK Ltd. - timeline of key events
Nu-Heat UK Ltd. - financials
| Fiscal Year Ended | Nov 30, 2010 | Nov 30, 2011 | Mar 31, 2012 | Mar 31, 2013 | Mar 31, 2014 | Mar 31, 2015 | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 11,712,331 | - | 14,517,963 | 9,950,613 | 10,650,745 | 11,729,946 | 12,697,050 | 14,808,848 | 15,032,919 | 16,543,267 | 17,814,130 | 15,684,719 | 12,725,000 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | - | 7.0% | 10.1% | 8.2% | 16.6% | 1.5% | 10.0% | 7.7% | (12.0%) | - | - | - | - |
| EBITDA (USD) | 674,893 | - | 931,825 | 344,851 | 705,523 | 936,238 | 1,050,204 | 1,637,490 | 868,506 | 1,154,661 | 1,042,093 | 1,025,529 | 2,060,000 | - | - | - |
| Operating Income (USD) | 555,450 | - | 769,620 | 239,786 | 627,109 | 817,829 | 954,559 | 1,562,687 | 785,619 | 1,035,552 | 920,396 | 756,159 | 1,860,000 | - | - | - |
| Operating Margin | 4.7% | - | 5.3% | 2.4% | 5.9% | 7.0% | 7.5% | 10.6% | 5.2% | 6.3% | 5.2% | 4.8% | 14.6% | - | - | - |
| % EBITDA Margin | 5.8% | - | 6.4% | 3.5% | 6.6% | 8.0% | 8.3% | 11.1% | 5.8% | 7.0% | 5.8% | 6.5% | 16.2% | - | - | - |
| NET Income (USD) | 342,875 | - | 523,229 | 138,294 | 465,998 | 594,431 | 965,806 | 1,198,180 | 808,090 | 984,657 | 768,813 | 713,328 | 1,490,000 | - | - | - |
| % Net Margin | 2.9% | - | 3.6% | 1.4% | 4.4% | 5.1% | 7.6% | 8.1% | 5.4% | 6.0% | 4.3% | 4.5% | 11.7% | - | - | - |
Nu-Heat UK 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, Trade Sale | Completed | Nu-Heat UK Ltd. | - | ||||||||
| Buyout | Completed | Nu-Heat UK Ltd. | - | ||||||||
| Buyout | Completed | Nu-Heat UK Ltd. | - |
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Nu-Heat UK Ltd. - employee data
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