FluidOne posts strong year end results and expands suite of M&A funding options
31 · OCT ·2019
- Organic revenue grew 11% year-on-year from £26.0m to £28.8m.
- Underlying EBITDA up by 33% from £2.4m to £3.2m.
- We invested to accelerate growth in February 2019.
- Material flexible tiered debt facility secured from a leading bank to fund M&A strategy.
- 96% customer retention achieved as FluidOne achieves highest NPS in the industry.
FluidOne, a leading data connectivity aggregator headquartered in the UK, announces strong results for the year ending 31 March 2019 as the company continued to scale. These results follow the business attracting a strategic investment by Livingbridge, one of the UK’s leading mid-market private equity investors, and agreeing a new tiered debt facility.
FluidOne’s organic revenue increased by 11% year-on-year from £26.0m to £28.8m and Underlying EBITDA rose by 33% from £2.4m to £3.2m (underlying is before group costs and exceptional items). Annual customer retention of 96% reflected FluidOne’s promotion in 2019 to the number one position for customer experience in UK telecoms as measured by NPS.
FluidOne provides a range of quality data connectivity services to UK businesses with particular strengths for multi-site customers as their market-leading breadth of over 30 carriers and suppliers give the best choice per location. The business helps its diverse and loyal customer base to securely connect any device to business-related data and applications through its unique, integrated software-defined network, called Platform One.
Established in 2006, London based FluidOne is a communications service integrator, serving the connectivity needs of thousands of business customers and several hundred managed service partners. FluidOne’s national fibre network, Platform One, interconnects the wholesale services of every leading cloud service, datacentre, mobile operator, broadband supplier, fixed-line operator and telephony service provider into a common service network, creating a single platform of pre-integrated services. FluidOne’s DASH customer portal makes these aggregated services easy to compare, easy to choose, easy to consume, flexible in use and as powerful and reliable as each customer requires.
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