PEO Worldwide Limited
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PEO Worldwide Limited - overview
Established
2013
Location
Birmingham, -, UK
Primary Industry
Business Support Services
About
Based in the UK, PEO Worldwide Limited specializes in providing comprehensive employment compliance solutions, including international outsourced payroll, Employer of Record (EoR), and HR management services. PEO Worldwide Limited, founded in 2013 in Birmingham, UK, focuses on delivering employment compliance solutions. In December 2020, Horizon Capital acquired PEO Worldwide Limited, leading to a merger with TopSource Group to form a new employment compliance group. The company has been involved in 2 deals to date, with the most recent deal completed on December 16, 2020.
The latest funding round was a Merger valued at GBP 22. 00 mn, supported by TopSource Group and PEO Worldwide Limited as lead investors. PEO Worldwide Limited offers a range of solutions tailored to enhance operational efficiency across various sectors, particularly in international outsourced payroll and HR management. Its primary clientele includes B2B clients such as enterprises and organizations seeking robust solutions to meet their operational challenges.
The company distributes its products across North America, Europe, and parts of Asia, targeting both established firms and emerging startups. In the most recent fiscal year, 2023, PEO Worldwide Limited reported a revenue of GBP 10,308,030. 20 with an EBITDA of GBP 3,463,684. 50.
The company's revenue model is structured around B2B transactions, incorporating direct sales and partnerships that facilitate ongoing client value through subscription services and one-time product purchases. PEO Worldwide Limited is strategically positioned for growth through the upcoming launch of new products aimed at bolstering its suite of employment compliance services. The company plans to expand into new markets, with targeted efforts in specific regions of Europe and Asia by 2025. Recent funding from the Merger in December 2020 will be utilized to support these initiatives, including the development of innovative solutions that address the fragmented market for payroll and HR services.
Current Investors
TopSource Group / PEO Worldwide Limited
Primary Industry
Business Support Services
Sub Industries
Human Resources Services
Website
www.peoworldwide.com
Company Stage
Merged
Total Amount Raised
Subscriber access only
PEO Worldwide 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Merger | Completed | PEO Worldwide Limited, TopSource Worldwide (UK) Ltd. | - | ||||||||
| Buyout | Completed | PEO Worldwide Limited | - |
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