Spaceright Europe Ltd.
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Spaceright Europe Ltd. - overview
Established
2008
Location
-, -, UK
Primary Industry
Consumer Products
About
Spaceright Europe Ltd. is a UK-based provider of innovative furniture solutions specializing in mobile folding dining furniture, educational, and display products tailored for various environments. Founded in 2008, Spaceright Europe Ltd. operates from the UK and specializes in providing unique furniture solutions.
The company underwent a significant pivot in 2019 when it was acquired by Rockpool Investments along with its management team. Steve Ashton serves as CEO, bringing experience from his previous ventures in the furniture sector. Spaceright Europe specializes in a diverse portfolio of high-quality furniture solutions, particularly focusing on mobile folding dining furniture, classroom furniture, and display products. Their core offerings include bespoke dining solutions designed for various educational and commercial environments, complemented by a free site survey and space planning service.
This allows clients to receive tailored designs that align with specific requirements and budgets, enhancing space usability. The company serves a broad range of customers, including educational institutions, corporate environments, and early years facilities, primarily within the UK market while also targeting other European markets with a commitment to sustainable and innovative design. The company operates on a B2B basis, engaging directly with organizations such as schools and businesses. Their transactions involve bulk orders of signature products, supported by a free site survey and bespoke planning services that foster long-term client relationships.
As of January 2019, Spaceright Europe was acquired by Rockpool Investments, which has provided a foundation for future growth. The company aims to design and launch new product lines targeting the educational and corporate sectors. They are also planning to expand into additional European markets by leveraging their innovative designs. The recent funding will be strategically utilized to support these initiatives, enhancing their production capabilities and market reach.
Current Investors
Rockpool Investments
Primary Industry
Consumer Products
Sub Industries
Furniture, Computer & Office Equipment Distributors
Website
www.spacerighteurope.com
Verticals
Manufacturing
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Spaceright Europe Ltd. - timeline of key events
Spaceright Europe Ltd. - financials
| Fiscal Year Ended | 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) | 9,305,797 | 9,296,787 | 8,592,711 | 9,468,824 | 10,550,981 | 12,654,473 | 11,064,937 | 14,120,624 | - | - | - |
| % Revenue Growth (YoY) | - | (0.1%) | (7.6%) | 10.2% | 11.4% | 19.9% | (12.6%) | 27.6% | - | - | - |
| EBITDA (USD) | 712,649 | 1,001,845 | 384,958 | 687,591 | 494,269 | 1,231,733 | 849,267 | 758,844 | - | - | - |
| Operating Income (USD) | 646,996 | 795,705 | 74,373 | 419,409 | 232,690 | 971,362 | 620,119 | 512,957 | - | - | - |
| Operating Margin | 7.0% | 8.6% | 0.9% | 4.4% | 2.2% | 7.7% | 5.6% | 3.6% | - | - | - |
| % EBITDA Margin | 7.7% | 10.8% | 4.5% | 7.3% | 4.7% | 9.7% | 7.7% | 5.4% | - | - | - |
| NET Income (USD) | 374,394 | 377,880 | (216,882) | 161,831 | 68,659 | 625,308 | 470,796 | 443,298 | - | - | - |
| % Net Margin | 4.0% | 4.1% | (2.5%) | 1.7% | 0.7% | 4.9% | 4.3% | 3.1% | - | - | - |
Spaceright Europe 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Spaceright Europe Ltd. | - | ||||||||
| Add-on | Completed | Millhouse Manufacturing Design Ltd. | - | ||||||||
| Add-on | Completed | Educational Technology Limited | - | ||||||||
| Private Debt | Completed | Spaceright Europe Ltd. | - |
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Spaceright Europe Ltd. - employee data
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