Tracerco Limited
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Tracerco Limited - overview
Established
1958
Location
-, -, UK
Primary Industry
Oil & Gas
About
Based in Cleveland, UK, and founded in 1958, Tracerco Limited operates as an industrial technology company that offers detection, diagnostic, and measurement solutions for oil and gas companies. The company is a part of Johnson Matthey Plc. In April 2023, Sullivan Street and Souter Investments agreed to acquire Tracerco Limited from Johnson Matthey Plc for approximately GBP 55 million. The company offers oil and gas services such as analytical inspection and detection of pipelines, oil process diagnostics, reservoir tracers, and monitoring of fuel flow with the use of various instrumentations, and radiation monitors.
The firm offers its services to refineries, mining, fuel making, and subseas. It also provides training and support services which include radiation protection advice, radiation monitoring support, and instrument training and support.
Current Investors
Souter Investments, Sullivan Street
Primary Industry
Oil & Gas
Sub Industries
Oil & Gas Equipment and Services
Website
www.tracerco.com
Total Amount Raised
Subscriber access only
Tracerco Limited - timeline of key events
Tracerco Limited - financials
| Fiscal Year Ended | 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 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 35,035,000 | 37,796,000 | 47,916,000 | 39,566,000 | 29,415,000 | 29,773,000 | 35,416,000 | 33,560,000 | 24,407,000 | - | - | - |
| % Revenue Growth (YoY) | - | 7.9% | 26.8% | (17.4%) | (25.7%) | 1.2% | 19.0% | (5.2%) | (27.3%) | - | - | - |
| EBITDA (USD) | 2,735,000 | 2,266,000 | 4,679,000 | (7,636,000) | (4,037,000) | (1,512,000) | 583,000 | 3,909,000 | 163,000 | - | - | - |
| Operating Income (USD) | 506,000 | (131,000) | 1,853,000 | (10,048,000) | (6,452,000) | (3,673,000) | (1,303,000) | 1,902,000 | (1,595,000) | - | - | - |
| Operating Margin | 1.4% | (0.3%) | 3.9% | (25.4%) | (21.9%) | (12.3%) | (3.7%) | 5.7% | (6.5%) | - | - | - |
| % EBITDA Margin | 7.8% | 6.0% | 9.8% | (19.3%) | (13.7%) | (5.1%) | 1.6% | 11.6% | 0.7% | - | - | - |
| NET Income (USD) | 554,000 | 13,000 | 1,184,000 | (8,641,000) | (6,473,000) | (2,984,000) | (1,530,000) | 1,280,000 | (3,296,000) | - | - | - |
| % Net Margin | 1.6% | 0.0% | 2.5% | (21.8%) | (22.0%) | (10.0%) | (4.3%) | 3.8% | (13.5%) | - | - | - |
Tracerco 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Corporate Carve Out | Completed | Tracerco Limited | - |
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Tracerco Limited - employee data
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