The company provides a powerful, industry-leading, software-led process safety management platform designed to reduce major accident hazards across both onshore and offshore assets.
All client revenue is secured through annual rolling software contracts and the company has recently secured an international client, which will assist with moving into global markets.
Our clients are now offering the company for sale to facilitate their retirement plans and support accelerated growth under the impetus of new ownership.
Key Highlights
- Holds all of the IP for the software, which provides actionable insights and proactive safety management with unique features.
- Client base spans the full spectrum of the oil and gas industry, from those acquiring new fields to those in the decommissioning phase.
- Substantial potential for growth and international deployment of the software through existing clients holding significant global footprints.
- Currently exploring partnerships with organisations that specialise in AI, as this will play a significant role in future software development.
- Already beginning to diversify into adjacent sectors, such as chemical, petrochemical, and aviation.
- Is currently engaged with a bluechip organisation in the aviation sector for the integration of its software into the organisation’s process safety portfolio.
Financial Highlights
- Turnover of circa £500k achieved in YE24, with an EBITDA of £100k.
- Forecast turnover of circa £465k for YE25.
- The majority of turnover and EBITDA derive from repeat business, accounting for 95% of the total figures.
- Pipeline in place worth £1.59m, which, if won, will become annually recurring.
- Prospective clients in the pipeline with a total potential annual value of £810k.
