Wernick Hire
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Wernick Hire - overview
Established
1934
Location
Wickford, Essex, UK
Primary Industry
Logistics & Distribution
About
Wernick Hire is a UK-based provider specializing in the design, manufacture, and rental of modular and portable buildings, delivering tailored accommodation solutions for diverse sectors including education, healthcare, and construction. Founded in 1934 and headquartered in Wickford, UK, Wernick Hire offers modular building solutions. The company operates without any known subsidiaries or changes in business strategy since inception. Jonathan Wernick leads as CEO, overseeing operations and strategy.
Wernick Group specializes in the design, manufacture, and sale of modular and portable buildings. Their core product offerings include modular classrooms, portable cabins, anti-vandal units, and refurbished buildings, catering to sectors such as education, healthcare, and construction. The company serves schools, government entities, and private enterprises requiring temporary or permanent accommodation solutions. Wernick Group's modular buildings allow for rapid deployment, effectively addressing urgent needs like temporary schools or office spaces, with operations extending across the United Kingdom.
Wernick Group reported a revenue of USD 266. 71 mn in 2023, with an EBITDA of USD 80. 71 mn. The company generates revenue through direct sales and rental agreements, focusing on long-term partnerships with clients who engage in rental agreements for temporary structures or outright purchases of tailored modular facilities.
Their offerings include anti-vandal modular buildings and portable cabins, with pricing structures that accommodate the unique demands of their diverse clientele.
Primary Industry
Logistics & Distribution
Sub Industries
Industrial Wholesalers
Website
www.wernick.co.uk
Total Amount Raised
Subscriber access only
Wernick Hire - 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 56,537,326 | 65,560,282 | 76,286,968 | 81,750,273 | 93,181,959 | 96,738,001 | 111,867,535 | 103,260,337 | 111,904,745 | 117,674,879 | 131,943,677 | - | - | - |
| % Revenue Growth (YoY) | - | 16.0% | 16.4% | 7.2% | 14.0% | 3.8% | 15.6% | (7.7%) | 8.4% | 5.2% | 12.1% | - | - | - |
| EBITDA (USD) | 13,969,481 | 17,416,588 | 20,859,943 | 21,006,953 | 23,462,062 | 25,997,706 | 29,991,102 | 29,066,321 | 31,718,956 | 34,053,715 | 44,275,599 | - | - | - |
| Operating Income (USD) | 7,086,996 | 9,155,019 | 10,305,797 | 11,217,743 | 12,920,472 | 14,045,866 | 16,654,271 | 16,224,266 | 17,464,146 | 18,778,592 | 26,999,839 | - | - | - |
| Operating Margin | 12.5% | 14.0% | 13.5% | 13.7% | 13.9% | 14.5% | 14.9% | 15.7% | 15.6% | 16.0% | 20.5% | - | - | - |
| % EBITDA Margin | 24.7% | 26.6% | 27.3% | 25.7% | 25.2% | 26.9% | 26.8% | 28.1% | 28.3% | 28.9% | 33.6% | - | - | - |
| NET Income (USD) | 3,521,208 | 5,838,681 | 6,962,882 | 8,415,049 | 9,004,556 | 10,727,328 | 12,207,582 | 12,058,314 | 12,779,511 | 14,288,054 | 20,720,347 | - | - | - |
| % Net Margin | 6.2% | 8.9% | 9.1% | 10.3% | 9.7% | 11.1% | 10.9% | 11.7% | 11.4% | 12.1% | 15.7% | - | - | - |
Wernick Hire - 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 | Rollalong Hire | - |
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