
Gritit
Technology-enabled outdoor estate maintenance and compliance services.
Date | Investors | Amount | Round |
---|---|---|---|
* | N/A | Growth Equity VC | |
Total Funding | 000k |
EUR | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|
Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
% growth | - | (11 %) | 17 % | 45 % | 32 % | - |
EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
% EBITDA margin | 21 % | 24 % | 23 % | 15 % | 11 % | - |
Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
% profit margin | 29 % | 32 % | 25 % | 12 % | 6 % | - |
EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article, Dealroom estimates
Initially established as GRITIT in 2004, the company rebranded to OUTCO in May 2021 to reflect its expanded service offerings. While it began with a focus on winter services like gritting and snow clearance, it has grown into a comprehensive provider of outdoor estate management for commercial properties across the UK.
The company's evolution was significantly accelerated by the acquisition of NMC Group, a surfacing and engineering business, at the end of 2020. This move doubled the company's size, creating a £55 million provider of year-round external infrastructure compliance services. OUTCO's business model is centered on providing a bundled, end-to-end service for outdoor estates under a single contract, simplifying management and costs for its clients. It serves a diverse client base, including major retailers like Tesco and Sainsbury's, property management firms such as CBRE and JLL, and public sector organizations like the NHS.
OUTCO leverages proprietary technology to enhance its service delivery. Its platform offers real-time visibility and data-driven assurance, allowing clients to track service execution and ensure compliance. This technology is a core part of its offering, providing transparency and operational efficiency for services that now include grounds maintenance, reactive works, and civil engineering alongside its original winter services.
Keywords: outdoor estate management, facilities management, winter gritting, grounds maintenance, commercial property services, infrastructure compliance, snow clearance, surfacing, civil engineering, technology-enabled services, UK facilities management, corporate landscaping, asset maintenance, compliance solutions, property maintenance
Investments by Gritit
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