Trueform Engineering Ltd
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Trueform Engineering Ltd - overview
Established
1977
Location
Hayes, -, UK
Primary Industry
Materials
About
Trueform Engineering Ltd specializes in advanced infrastructure solutions, focusing on public transportation and smart city projects, offering high-quality products such as bus shelters and digital kiosks to enhance urban mobility. Trueform Engineering Ltd is a UK-based company founded in 1977, located in Hayes. The company designs and manufactures infrastructure solutions primarily for public transportation. In June 2012, GIL Investments and the company's management acquired Trueform Engineering Limited.
Jonathan Morley is the current CEO. Trueform specializes in the design, manufacture, installation, and maintenance of advanced infrastructure solutions for public transportation and smart city initiatives. Their core product offerings include high-quality bus shelters, digital kiosks, wayfinding signage, interactive displays, and various types of street furniture, all engineered to enhance passenger experience and support intelligent mobility. These solutions address the need for efficient and sustainable public transport systems while contributing to zero-emission initiatives and providing digital communication options for urban environments.
Trueform's clientele includes major cities and transportation authorities across the UK and internationally, with products deployed in urban centers throughout Europe, the Americas, and Asia, aimed at both public sector organizations and private operators involved in mass transit. Trueform generated revenue of USD 35. 45 mn in 2024, with an EBITDA of USD 6. 42 mn.
The company generates revenue through direct sales to public sector clients, partnerships with transportation authorities, and service agreements for installation and ongoing maintenance of their infrastructure products, often involving multi-year contracts for comprehensive service packages. Trueform Engineering Ltd is focused on designing new products to enhance their offerings in the smart transportation sector. The company aims to expand its market presence internationally, particularly in Europe and Asia. The funding from the June 2012 acquisition will support the development of innovative products and the enhancement of existing services to meet growing demand in these targeted regions.
Current Investors
GIL Investments
Primary Industry
Materials
Sub Industries
Steel & Metals
Website
https://trueform.co.uk
Verticals
Manufacturing
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Trueform Engineering Ltd - timeline of key events
Trueform Engineering Ltd - financials
| Fiscal Year Ended | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | 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 | Dec 31, 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 22,680,509 | 18,675,089 | 21,836,762 | 15,317,193 | 17,640,977 | 20,303,406 | 19,230,749 | 16,271,142 | 16,205,761 | 13,972,203 | 13,508,737 | 18,286,214 | 29,776,555 | - | - | - |
| % Revenue Growth (YoY) | - | (17.7%) | 16.9% | (29.9%) | 15.2% | 15.1% | (5.3%) | (15.4%) | (0.4%) | (13.8%) | (3.3%) | 35.4% | 62.8% | - | - | - |
| EBITDA (USD) | 2,797,423 | (341,820) | (320,489) | (262,922) | 747,318 | 1,850,916 | 1,370,988 | 525,945 | 565,327 | (3,242,190) | 884,650 | 1,955,986 | 3,462,410 | - | - | - |
| Operating Income (USD) | 2,429,439 | (648,640) | (503,360) | (381,089) | 619,375 | 1,659,232 | 1,133,673 | 268,683 | 342,614 | (3,497,398) | 623,329 | 1,702,325 | 3,275,466 | - | - | - |
| Operating Margin | 10.7% | (3.5%) | (2.3%) | (2.5%) | 3.5% | 8.2% | 5.9% | 1.7% | 2.1% | (25.0%) | 4.6% | 9.3% | 11.0% | - | - | - |
| % EBITDA Margin | 12.3% | (1.8%) | (1.5%) | (1.7%) | 4.2% | 9.1% | 7.1% | 3.2% | 3.5% | (23.2%) | 6.5% | 10.7% | 11.6% | - | - | - |
| NET Income (USD) | 1,887,563 | (512,009) | (571,962) | (525,305) | 442,233 | 1,596,346 | 887,441 | 24,939 | 407,825 | (3,635,331) | 540,422 | 1,492,609 | 3,010,231 | - | - | - |
| % Net Margin | 8.3% | (2.7%) | (2.6%) | (3.4%) | 2.5% | 7.9% | 4.6% | 0.2% | 2.5% | (26.0%) | 4.0% | 8.2% | 10.1% | - | - | - |
Trueform Engineering 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 | Trueform Engineering Ltd | - |
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Trueform Engineering Ltd - employee data
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