ParkingEye Limited
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ParkingEye Limited - overview
Established
2004
Location
Chorley, Lancashire, UK
Primary Industry
Consumer Services
About
Based in the UK, ParkingEye Limited specializes in car park management solutions, utilizing technology to enhance parking compliance and optimize space availability for diverse clients across various sectors. ParkingEye Limited, founded in 2004, operates out of Chorley, UK, providing advanced parking management services. The company underwent a significant investment deal in July 2018 when MML Capital Partners and Macquarie Principal Finance acquired it for GBP 235 million. Phil Boynes serves as the CEO.
ParkingEye specializes in providing comprehensive car park management solutions aimed at increasing compliance, optimizing parking space availability, and enhancing overall customer satisfaction. The company implements Automatic Number Plate Recognition (ANPR) technology to effectively manage parking on private land, helping landowners combat unauthorized parking and improve income potential. ParkingEye serves over 3,500 sites across England, Wales, Scotland, and Northern Ireland, catering to private landowners, managing agents, healthcare facilities, retail establishments, pubs, restaurants, and hotels. In the year 2023, ParkingEye generated revenue of GBP 71,507,611.
20, with an EBITDA of GBP 33,546,442. 70. Its revenue model hinges on partnerships with private landowners and managing agents, facilitating a no-cost structure for installation and management of parking solutions based on performance metrics. ParkingEye plans to leverage recent funding from the GBP 235 million acquisition to enhance product offerings and expand into new markets.
The firm is investigating opportunities to introduce advanced parking management solutions tailored for urban areas, targeting major cities in the UK. The growth strategy aims to capitalize on evolving technology trends in parking management to improve service delivery and efficiency.
Current Investors
MML Capital Partners, Macquarie Principal Finance
Primary Industry
Consumer Services
Sub Industries
Consumer Services, Web Applications, Analytics & Performance Software
Website
www.parkingeye.co.uk
Verticals
FinTech
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
ParkingEye Limited - financials
| Fiscal Year Ended | Aug 31, 2011 | Aug 31, 2012 | Aug 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) | 10,804,922 | 13,916,437 | 14,273,178 | 26,386,834 | 26,626,119 | 32,738,645 | 38,214,880 | 41,660,000 | 45,101,000 | 31,198,000 | 39,376,000 | - | - | - |
| % Revenue Growth (YoY) | - | 28.8% | 2.6% | - | - | 23.0% | 16.7% | 9.0% | 8.3% | (30.8%) | 26.2% | - | - | - |
| EBITDA (USD) | 4,327,954 | 6,383,747 | 3,963,041 | 6,559,338 | 6,978,608 | 9,060,243 | 10,731,629 | 17,356,000 | 18,852,000 | 10,027,000 | 15,517,000 | - | - | - |
| Operating Income (USD) | 2,545,959 | 4,477,094 | 1,635,414 | 4,843,821 | 5,906,365 | 8,182,507 | 9,815,161 | 13,590,000 | 12,997,000 | 1,690,000 | 5,725,000 | - | - | - |
| Operating Margin | 23.6% | 32.2% | 11.5% | 18.4% | 22.2% | 25.0% | 25.7% | 32.6% | 28.8% | 5.4% | 14.5% | - | - | - |
| % EBITDA Margin | 40.1% | 45.9% | 27.8% | 24.9% | 26.2% | 27.7% | 28.1% | 41.7% | 41.8% | 32.1% | 39.4% | - | - | - |
| NET Income (USD) | 1,774,559 | 3,287,064 | 1,020,412 | 4,816,180 | 4,946,623 | 6,498,471 | 8,036,267 | 11,010,000 | 12,712,000 | 2,525,000 | 6,835,000 | - | - | - |
| % Net Margin | 16.4% | 23.6% | 7.1% | 18.3% | 18.6% | 19.8% | 21.0% | 26.4% | 28.2% | 8.1% | 17.4% | - | - | - |
ParkingEye 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | ParkingEye Limited | - |
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