True Potential LLP
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True Potential LLP - overview
Established
2007
Location
Newcastle upon Tyne, -, UK
Primary Industry
Financial Services
About
Based in Newcastle upon Tyne, UK, True Potential LLP is a financial services and technology organization that was founded in 2007 by David Harrison (Chairman) and Daniel Harrison. In January 2016, True Potential LLP sold a 27% minority stake to FTV Capital, its first institutional investor, which helped the company leverage technology to enhance its platform and services, as well as backing the launch of its wealth management platform in November 2011. In October 2019, the management bought back a part of the 27% stake held by FTV Capital. In September 2021, True Potential LLP agreed to sell a majority stake in the business to Cinven, and as of October 2021, Daniel Harrison leads the company as its CEO, and it employs more than 350 employees.
True Potential LLP offers a wealth management platform used by financial advisors. The company offers business support services to financial advisors including client value proposition, guidance for compliance process, administration, and access to technology for managing client accounts. Its wealth management platform features a fully integrated system that offers the company's own top-up technology called impulseSave, and its financial life planner, True Potential One. This provides users with access to a variety of investment options as well as a client site where they get a complete view of their investments.
The company generated a revenue of GBP 184. 9 million for the fiscal year 2020. The agreement to be acquired by Cinven in September 2021 intends to continue True Potential LLP's growth, particularly in its financial adviser recruitment and technology platform.
Primary Industry
Financial Services
Sub Industries
e-Financial, Accounting/Finance Software
Website
www.tpllp.com
Verticals
FinTech
Company Stage
Mature
Total Amount Raised
Subscriber access only
True Potential LLP - timeline of key events
True Potential LLP - financials
| Fiscal Year Ended | Dec 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) | 27,526,000 | 44,424,000 | 56,699,000 | 69,164,000 | 98,939,000 | 121,172,000 | 144,923,000 | 184,901,000 | 281,017,000 | - | - | - |
| % Revenue Growth (YoY) | - | 61.4% | 27.6% | 22.0% | 43.0% | 22.5% | 19.6% | 27.6% | 52.0% | - | - | - |
| EBITDA (USD) | 5,597,000 | 10,801,000 | 12,704,000 | 15,298,000 | 24,778,000 | 36,771,000 | 56,772,000 | 74,132,000 | 132,715,000 | - | - | - |
| Operating Income (USD) | 5,304,000 | 10,552,000 | 12,431,000 | 14,874,000 | 23,834,000 | 35,437,000 | 54,316,000 | 68,682,000 | 119,916,000 | - | - | - |
| Operating Margin | 19.3% | 23.8% | 21.9% | 21.5% | 24.1% | 29.2% | 37.5% | 37.1% | 42.7% | - | - | - |
| % EBITDA Margin | 20.3% | 24.3% | 22.4% | 22.1% | 25.0% | 30.3% | 39.2% | 40.1% | 47.2% | - | - | - |
| NET Income (USD) | 5,253,000 | 10,544,000 | 12,371,000 | 14,791,000 | 23,802,000 | 35,416,000 | 48,280,000 | 37,616,000 | 79,675,000 | - | - | - |
| % Net Margin | 19.1% | 23.7% | 21.8% | 21.4% | 24.1% | 29.2% | 33.3% | 20.3% | 28.4% | - | - | - |
True Potential LLP - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Secondary Buyout | Completed | True Potential LLP | - | ||||||||
| Private Debt | Completed | True Potential LLP | - | ||||||||
| Sale to Management | Completed | True Potential LLP | - | ||||||||
| Buyout | Completed | True Potential LLP | - |
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True Potential LLP - employee data
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