Project Beagle – Fast growing fibre infrastructure services provider
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Price: POA
Business name | Project Beagle |
Location | Hertfordshire |
Short description | Beagle is a high-quality, rapidly growing fibre infrastructure services provider primarily operating in Greater London |
Turnover | 24A: £2.6m, 25E: £6.8m |
Growth y-o-y | 24A: 134%, 25E: 164% |
EBITDA | 24A: £350k, 25E: £990k |
Operating profit | 24A: £300k, 25E: £816k |
Assets | £600,000 |
Net debt | £11,000 |
Employees | 20-25 |
Investment highlights
Business details
Founded in 2021, Beagle is a privately-owned fibre infrastructure services provider headquartered in St Albans. The company’s leadership includes Shareholder 1 serving as both CEO and COO, and Shareholder 2 as CFO. Beagle offers key services such as fibre infrastructure build (including fibre jointing, cabling, TRRT, overhead and underground work), access points and site-wide Wi-Fi, customer connections, and subcontracted civils and cabinet build work.
The company holds three major Tier 1 contracts:
- Contract 1: valued at approximately £3.2 million, with £2.1 million already realised.
- Contract 2: valued at approximately £7.2 million, with £1.2 million already realised.
- Contract 3: valued at approximately £650,000, with no revenue realised yet.
Other contracts are valued at approximately £3 million, with no revenue realised yet.
Beagle employs 22 people, split between 9 CIS (Construction Industry Scheme) and 13 PAYE (Pay As You Earn) employees. The company operates a fleet of 20 vans, owning 4 and leasing or renting the remaining 16. Additionally, Beagle leases storage units in Hertfordshire, Birmingham, and London.