Verastar
Financials
Estimates*
GBP | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
---|---|---|---|---|---|---|---|
Revenues | 63.9m | 96.0m | 139m | 166m | 176m | 170m | 182m |
% growth | 8 % | 50 % | 45 % | 19 % | 6 % | (4 %) | 7 % |
EBITDA | (<1m) | (<1m) | (<1m) | (<1m) | (<1m) | (<1m) | (<1m) |
Profit | 15.2m | 5.4m | 14.4m | 7.7m | 15.0m | (10.8m) | (110m) |
% profit margin | 24 % | 6 % | 10 % | 5 % | 9 % | (6 %) | (60 %) |
Date | Investors | Amount | Round |
---|---|---|---|
N/A | Growth Equity non VC | ||
$205m | Debt | ||
Total Funding | - |
Recent News about Verastar
EditVerastar is a UK-based company that provides essential business services to small and medium-sized enterprises (SMEs). Operating in the telecommunications, energy, water, and insurance markets, Verastar offers a comprehensive suite of services designed to streamline operations and reduce costs for its clients. The company's business model revolves around bundling multiple services into a single, easy-to-manage package, which simplifies billing and customer service for SMEs. Verastar generates revenue through subscription fees and service charges, ensuring a steady income stream while providing value to its customers. The company serves a diverse range of clients, from small retail shops to larger corporate entities, all seeking efficient and cost-effective solutions for their essential business needs.
Keywords: telecommunications, energy, water, insurance, SMEs, cost-effective, bundled services, subscription fees, UK-based, essential business services.