Providor

Providor

Providor designs, manufactures, installs, and maintains gas smart meters in the United Kingdom.

HQ location
Newmarket, United Kingdom
Launch date
Employees
Enterprise value
$6m
Company register number
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DateInvestorsAmountRound

£4.8m

Valuation: £4.8m

0.0x EV/Revenue

Acquisition
Total Funding000k

Financials

Estimates*

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Revenues, earnings & profits over time
GBP2016201720182019202020212022
Revenues0000000000000000000000000000
% growth(4 %)(45 %)5 %11 %(8 %)11 %27 %
EBITDA0000000000000000000000000000
Profit0000000000000000000000000000
% profit margin(10 %)(3 %)1 %2 %3 %4 %5 %
EV0000000000000000000000000000
EV / revenue00.0x00.0x00.0x00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x00.0x00.0x00.0x
R&D budget0000000000000000000000000000

Source: Company filings or news article

Notes (0)
More about Providor
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Providor, a key component of the Sureserve Group, operates as a specialized contractor in the UK's utilities sector, focusing on gas servicing, installation, and smart metering solutions. The company was founded in 1998 and has since established itself as a significant player in the industry. Its primary clients are large utility companies, for whom Providor manages extensive installation and maintenance programs. A core part of its business involves the installation of smart meters in residential properties, contributing to the UK's nationwide energy efficiency targets. The company's revenue model is based on securing and fulfilling long-term contracts with these major utility suppliers, providing them with essential field-based services.

Providor's service offering is comprehensive, encompassing not only the physical installation of domestic gas central heating and smart meters but also the subsequent maintenance and servicing required to ensure long-term functionality and safety. This end-to-end management of utility assets in the home is a key aspect of their value proposition. The business leverages a substantial, directly-employed workforce of engineers to deliver these services across the United Kingdom. This operational model allows for greater control over service quality and workforce deployment. In a significant milestone, Providor, along with the rest of the Sureserve Group, was acquired by Cap10 in July 2023, a move intended to support the group's continued growth and expansion within the energy services market.

Keywords: utility services, smart metering, gas installation, contractor, energy services, asset management, field engineering, B2B services, domestic heating, utility contracts

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