Welcome Break
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Welcome Break - overview
Established
1996
Location
Newport Pagnell, -, UK
Primary Industry
Consumer Services
About
Welcome Break is a prominent provider of motorway service areas and hotel accommodations in the UK, focused on enhancing traveler convenience through varied services and amenities. Founded in 1996 in Newport Pagnell, UK, Welcome Break specializes in providing rest and refreshment through its motorway service areas and hotels. The company underwent a significant change in ownership in March 2008 when it was sold to Appia Investments for GBP 500 million. Notably, this consortium included NIBC Institutional Investment Management, ING European Infrastructure Fund, and Challenger Life No 2 Limited.
The CEO of Welcome Break is John Diviney. Welcome Break operates 60 service areas and 31 hotels across the United Kingdom. Their offerings include family-friendly hotel rooms, fast food outlets, coffee shops, and convenience stores, catering to the needs of traveling families, business professionals, and drivers. The strategic locations near major roads and airports facilitate easy access to their comprehensive services, which include amenities such as baby changing facilities and caravan parking, ensuring a comfortable journey for all.
In the most recent year of 2023, Welcome Break reported a revenue of GBP 1,141,270,679. 70 and an EBITDA of GBP 92,926,930. 30. Revenue is generated through both B2B and direct-to-consumer transactions, with popular offerings from brands like KFC and Starbucks enhancing their service portfolio.
The company also benefits from loyalty programs to attract and retain customers. Welcome Break's future growth strategy involves expanding its service offerings and geographic reach. While specific new product launches are yet to be detailed, the company aims to explore additional markets within the UK. The funding received from the Trade Sale in March 2008, amounting to GBP 500 million, has enabled ongoing investment in service improvements and operational enhancements, reflecting a robust commitment to evolving customer needs.
Primary Industry
Consumer Services
Sub Industries
Hospitality Services
Website
www.welcomebreak.co.uk
Company Stage
Acquired
Total Amount Raised
Subscriber access only
Welcome Break - financials
| Fiscal Year Ended | Jan 26, 2010 | Jan 25, 2011 | Jan 31, 2012 | Jan 29, 2013 | Jan 28, 2014 | Jan 27, 2015 | Jan 26, 2016 | Jan 31, 2017 | Jan 30, 2018 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 525,776,000 | 573,552,000 | 606,945,000 | 611,706,000 | 620,259,000 | 643,755,000 | 621,947,000 | 649,485,000 | 695,709,000 | 684,096,000 | 725,279,000 | 514,473,000 | 754,086,000 | - | - | - |
| % Revenue Growth (YoY) | - | 9.1% | 5.8% | 0.8% | 1.4% | 3.8% | (3.4%) | 4.4% | 7.1% | - | - | (29.1%) | 46.6% | - | - | - |
| EBITDA (USD) | 36,894,000 | 36,976,000 | 39,639,000 | 40,108,000 | 40,748,000 | 47,207,000 | 62,180,000 | 62,026,000 | 54,249,000 | 53,005,000 | 65,769,000 | 19,059,000 | 70,428,000 | - | - | - |
| Operating Income (USD) | 24,250,000 | 21,428,000 | 23,423,000 | 23,319,000 | 22,575,000 | 29,048,000 | 39,652,000 | 41,379,000 | 31,511,000 | 30,312,000 | 46,193,000 | (3,637,000) | 49,578,000 | - | - | - |
| Operating Margin | 4.6% | 3.7% | 3.9% | 3.8% | 3.6% | 4.5% | 6.4% | 6.4% | 4.5% | 4.4% | 6.4% | (0.7%) | 6.6% | - | - | - |
| % EBITDA Margin | 7.0% | 6.4% | 6.5% | 6.6% | 6.6% | 7.3% | 10.0% | 9.6% | 7.8% | 7.7% | 9.1% | 3.7% | 9.3% | - | - | - |
| NET Income (USD) | 3,473,000 | (2,380,000) | (886,000) | (2,501,000) | 1,844,000 | 7,973,000 | 29,013,000 | 35,728,000 | 24,428,000 | 9,140,000 | 23,190,000 | (14,181,000) | 28,266,000 | - | - | - |
| % Net Margin | 0.7% | (0.4%) | (0.1%) | (0.4%) | 0.3% | 1.2% | 4.7% | 5.5% | 3.5% | 1.3% | 3.2% | (2.8%) | 3.7% | - | - | - |
Welcome Break - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Welcome Break | - | ||||||||
| Buyout | Completed | Welcome Break | - |
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