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Apadmi

Description

Apadmi is a fast-growing development house with a mobile specialism, headquartered in Manchester, UK. Founded in 2009, Apadmi creates digital products for some of the biggest brands in the UK, including BBC, NHS, Dominos, Co-op, Charles Stanley, and Sykes Cottages. The company's ability to integrate apps securely with the legacy systems of its clients has been a cornerstone of its success.In December 2023, Apadmi received a minority investment from private equity investor CBPE to support its continued expansion in the UK, Europe, and beyond. CBPE is a mid-market private equity firm that puts strong relationships with management at the heart of everything they do.Apadmi has doubled in size in the last three years to an award-winning team of 260, offering a full range of digital product services including strategy, design, mobile development, back and front end development, as well as ongoing support, maintenance, and optimization. The company has cemented its specialism across retail, financial services, utilities, health, and customer loyalty.In 2022, Apadmi completed the acquisition of The Mobile Company (TMC) in Amsterdam, a product company of 30 specialists. This expansion into mainland Europe is the first step in Apadmi's stated ambition to enter five new markets by 2027, alongside continued organic growth in the UK.CBPE's investment will help the existing management team, led by Founder & CEO Garry Partington, capitalize on their impressive growth by expanding client relationships through more services and by supporting future acquisitions of adjacent businesses in the UK & EU.

📈 Operating Performance

£m
2023
2022
Margin (%)
YoY Change (%)
UK Turnover (%)
REVENUE
16.0
-
11.8
-
-
%
0.4
-
%
1
-
%
COGS
10
-
6.8
-
0.627
-
%
0.47
-
%
-
GP
6
-
5
-
0.373
-
%
0.47
-
%
-
OPEX
4.9
-
4.2
-
0.306
-
%
0.17
-
%
-
EBIT
1.1
-
0.9
-
0.066
-
%
0.22
-
%
-
ADJ EBIT
-
-
-
%
-
%
-
NET INCOME
1.2
-
1.1
-
0.076
-
%
0.09
-
%
-

📰 Latest News

Title
Date
Article Type
Link
Apadmi backed by private equity investor CBPE
Dec 2023
Corporate Activity
Read More
Apadmi secures investment from CBPE to accelerate European growth
No news articles to show.
Dec 2023
Corporate Activity
Read More
Apadmi makes Sunday Times Best Places to Work 2023
May 2023
Operating Activity
Read More
Apadmi Joins Forces With The Mobile Company
Nov 2022
Operating Activity
Read More
Read More

📰 Latest News

Title
Date
Article Type
Apadmi backed by private equity investor CBPE
Dec 2023
Corporate Activity
Apadmi secures investment from CBPE to accelerate European growth
Dec 2023
No news articles to show.
Corporate Activity
Apadmi makes Sunday Times Best Places to Work 2023
May 2023
Operating Activity
Apadmi Joins Forces With The Mobile Company
Nov 2022
Operating Activity

🎯 Segmentation

Industry
Professional Services
Sub-industry
Mobile App Development
Region
UK, EUROPE
Revenues (£M)
16.0
Employees
203.1
PE Fund
CBPE Capital
Website URL
Click Here ↗
Linkedin Page
Click Here ↗

🏦 Asset Base

CAPEX (£M)
-
PPE (£M)
0.9
Depreciation (£M)
0.2

👥 Organisation

Employees (£M)
11.2
Employees (#)
203.1
Employees % Rev
70.0
%

💼 Company Stakeholders

🪙 PE Fund Representatives

Jolyon Latimer
Click Here ↗
TBC

✏️ My Personal Notes COMING SOON