Cennox

Cennox

Sector-specific services for banking companies to increase transaction levels and reduce costs.

HQ location
Blackwater and Hawley, United Kingdom
Website
Launch date
Enterprise value
$16—24m
Company register number
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DateInvestorsAmountRound
investor

€0.0

round
investor

€0.0

round
investor

€0.0

round

N/A

Growth Equity VC
Total Funding000k

Financials

Estimates*

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Revenues, earnings & profits over time
GBP2016201720182019202020212022
Revenues0000000000000000000000000000
% growth118 %(41 %)77 %15 %21 %(40 %)27 %
EBITDA0000000000000000000000000000
% EBITDA margin--184 %205 %153 %384 %-
Profit0000000000000000000000000000
% profit margin19 %(19 %)182 %1 %-58 %8 %
EV0000000000000000000000000000
EV / revenue00.0x00.0x00.0x00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x00.0x00.0x00.0x
R&D budget0000000000000000000000000000
R&D % of revenue--27 %16 %4 %--

Source: Company filings or news article

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More about Cennox
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Cennox operates as a provider of comprehensive, managed services for clients in the financial, retail, and transportation sectors, focusing on facilities, security, and technology transformation. The company was established in 2006 by Clive Matthew Nation and was officially branded as Cennox in 2012, consolidating several businesses. Nation, currently the Executive Chairman, previously spent 13 years as Managing Director at Travelex, bringing extensive experience in managing customer estates and operational growth. He is joined by key figures like Roy Dodd, the Chief Finance Officer, who has been instrumental in the company's financial growth since its inception.

The firm's business model is centered on providing integrated solutions and services that support complex change programs for major brands. This includes hardware installation, ongoing maintenance, security solutions, and physical branding through in-house signage design and manufacturing. Revenue is generated by delivering these managed services, with the company reporting over $350 million annually. Cennox has pursued an aggressive growth strategy, scaling through both organic development and numerous strategic acquisitions. A key milestone was its 2013 expansion into the United States with the acquisition of Sterling Bank Services, which established a significant operational footprint, now headquartered in Alpharetta, Georgia. Subsequent acquisitions, such as Diebold's UK business, FireKing Safety and Security, and Mick's Vault Works, have further expanded its service capabilities and geographic reach across the US and Europe.

Cennox's service portfolio is diverse, aiming to be a single-source supplier for its clients. Key offerings include ATM and banking automation services, such as the deployment and maintenance of ATMs, ITMs, and teller devices. The company has also entered the smart safe market, providing manufacturing, deployment, and maintenance for traditional and intelligent safes for retail and financial customers. Their security division offers solutions like tracking devices and advanced ink-staining technology to combat theft. Furthermore, Cennox provides field services, parts supply and refurbishment, and facility transformation, including branch redesign and fit-outs for leading brands. This comprehensive approach allows the company to manage over 400,000 cash automation machines, safes, and kiosks globally.

Keywords: managed services, ATM services, financial technology services, facility transformation, security integration, smart safes, cash management solutions, retail security, banking infrastructure, field services, technology deployment, corporate branding solutions, access control, asset protection, transaction security, Clive Nation, physical security, parts supply chain, retail transformation, bank branch services

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Investments by Cennox

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3SI Security System - European division
ACQUISITION by Cennox Jul 2017
FKI Security Group
BUYOUT by Cennox Dec 2021
Bancsource
ACQUISITION by Cennox Jun 2021
Lincsafe
ACQUISITION by Cennox Apr 2022
Merlin
ACQUISITION by Cennox Apr 2022
Mick’s Vault Works
ACQUISITION by Cennox Jan 2022
Cashtester
ACQUISITION by Cennox Apr 2022
Secusystems BV
ACQUISITION by Cennox Apr 2022