Utility Bidder Limited
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Utility Bidder Limited - overview
Established
2009
Location
Corby, -, UK
Primary Industry
Financial Services
About
Utility Bidder Limited is a UK-based company specializing in business utility comparison services, enabling organizations to find and switch energy suppliers for gas, electricity, and water with ease. Utility Bidder Limited, founded in 2009 and headquartered in Corby, UK, offers a utility comparison platform that allows businesses to effectively choose energy suppliers. In January 2019, Sovereign Capital acquired Utility Bidder, collaborating with the company’s management to enhance its operational strategy. The firm’s CEO is Chris Shaw, who has extensive experience in the industry.
Utility Bidder primarily offers a comprehensive business utility comparison service, enabling organizations to effectively compare and select energy suppliers for gas, electricity, and water. The service aggregates live quotes from over 27 of the UK's leading utility providers, helping businesses identify the most competitive rates tailored to their needs. Serving small and medium enterprises as well as large corporations and public sector organizations, Utility Bidder addresses high utility costs and the complexity of switching suppliers across various sectors, ensuring optimal cost savings and service continuity. In the most recent fiscal year of 2023, Utility Bidder reported a revenue of USD 24.
48 mn, with an EBITDA of USD -370,185. Utility Bidder generates revenue through service fees associated with its utility comparison offerings, structured around direct business-to-business transactions, facilitating seamless contract placements. Utility Bidder plans to leverage its recent acquisition by Sovereign Capital to enhance its service offerings and expand its market reach. The firm is focusing on developing new products and enhancing its digital platform to improve user experience.
Targeted market expansions are aimed at regions beyond the UK, with strategic initiatives anticipated to roll out by 2024. The funding acquired in 2019 will support these growth strategies, allowing the company to invest in technology and marketing to better serve its clients.
Current Investors
Sovereign Capital Partners
Primary Industry
Financial Services
Sub Industries
Brokerages
Website
www.utilitybidder.co.uk
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Utility Bidder 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Utility Bidder Limited | - |
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