Project Beagle – Fast growing fibre infrastructure services provider

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

High growth fibre services provider with expected revenue of £6.8m and growth c.164% y/y this year (£2.6m revenue and 134% growth last year) All contracts currently worth +c.£14m and increasing at a rate of c.£550-600k per month Beagle’s business model ensures operational excellence and flexibility to quickly adapt to market conditions Potential to expand services offering to niches such as EV power stations, traffic management or mechanical and electrical work Very high tender success rate on work won against work pitched with the biggest AltNet fibre players Assets include 20 vans and 3 storage units

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.

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