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AI safety systems for moving plant & machinery

Reference
S12261
Turnover
£5m to £10m
Sector(s)
Construction, Manufacturing, Miscellaneous, Service industries, Technology
Region(s)
UK Wide, Outside UK
Added
23 January 2025

Business description

The award-winning company designs, manufactures, and supplies artificial intelligent collision avoidance and autonomous systems for moving plant and machinery, serving an international customer base.
The company’s cloud-based data portal generates detailed reports and the AI provides real-time detection alerts and video footage.
The company’s highly accurate AI has been developed for over a decade and continues to be trained for different scenarios and features through hundreds of millions of video clips.
Our clients are now offering a full or 50%+ share sale of the company to seek investment, which will facilitate rapid growth.

Highlights

  • Has won 13 prestigious industry awards for innovation and enterprise.
  • Safety system has been mandated by a number of blue-chip construction companies across the UK.
  • Strong second-tier management team in place, with the directors also intending to remain with the company, providing a turnkey investment opportunity.
  • Has a number of projects in the pipeline that will provide additional revenue streams.
  • Increasing the development team headcount would enable the company to complete these projects quicker and drive rapid growth.
  • Vast potential for establishing further repeat revenue through the provision of SaaS.
  • Ideal acquisition opportunity for a synergistic organisation with experience in SaaS to benefit from the company’s highly accurate software and AI and large international customer base.
  • Operates from leasehold premises with space to accommodate further staff.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2023 (Actual) 4,691 386
2024 (Actual) 8,907 482
2025 (Forecast) 16,347 3,342
2026 (Forecast) 22,200 5,854
  • Achieved a turnover of £8.9m in YE24, with an adjusted EBITDA of £480k.
  • Forecast for YE25 of £16.3m, with an adjusted EBITDA of circa £5m.
  • Projected turnover of £22.2m and £26.6m in YE26 and YE27, respectively.
  • Large growth is expected from agreements made with USA and Australian companies that have a foothold in the construction or material handling markets.
  • International partner has placed an initial order for £1m, with ongoing orders expected following this.
  • Achieves repeat revenue through data licenses, with agreements ranging from one-to-five years.

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