OverviewSuggest Edit

IDE Group (formerly Coretx Holdings) is a company which provides IT services and technology solutions. The Company offers cloud services, data center services, managed services, professional services, and network services. It serves public and private companies.

TypePublic
Founded1992
HQCroydon, GB
Websiteidegroup.com

Locations

IDE Group is headquartered in
Croydon, United Kingdom

Location Map

Latest Updates

Employees (est.) (Feb 2019)519
Revenue (FY, 2017)£65 M(+50%)

Key People/Management at IDE Group

Andy Parker

Andy Parker

Executive Chairman
André Wessels

André Wessels

General Counsel
Craig Newton

Craig Newton

Head of Commercial
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IDE Group Office Locations

IDE Group has offices in Croydon, Reading, Poole, Bromley and in 1 other location
Croydon, GB (HQ)
81 Station Rd
Bromley, GB
Kingfisher House, 21 Elmfield Rd
Poole, GB
County Gates House, 300 Poole Rd
Poole, GB
Phoenix House, Marshes End, Upton Road
Reading, GB
Napoleon House/7 Riseley Business Pk/Basingstoke Rd
Show all (6)

IDE Group Financials and Metrics

IDE Group Revenue

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View revenue for all periods
IDE Group's revenue was reported to be £64.95 m in FY, 2017 which is a 49.6% increase from the previous period.
GBP

Revenue (FY, 2017)

65.0m

Revenue growth (FY, 2016 - FY, 2017), %

49.6%

Gross profit (FY, 2017)

24.0m

Gross profit margin (FY, 2017), %

36.9%

Net income (FY, 2017)

(11.2m)

EBITDA (FY, 2017)

5.4m

EBIT (FY, 2017)

(12.5m)

Cash (31-Dec-2017)

1.1m

EV

68.4m
GBPFY, 2015FY, 2016FY, 2017

Revenue

146.0k43.4m65.0m

Revenue growth, %

29641%50%

Cost of goods sold

29.0k25.6m41.0m

Gross profit

117.0k17.8m24.0m
GBPFY, 2015FY, 2016FY, 2017

Cash

22.8m1.1m1.1m

Accounts Receivable

6.6m8.6m

Prepaid Expenses

80.0k2.3m3.6m

Inventories

366.0k
GBPFY, 2015FY, 2016FY, 2017

Net Income

750.0k(3.4m)(11.2m)

Depreciation and Amortization

5.5m6.8m

Accounts Payable

(694.0k)787.0k496.0k

Cash From Operating Activities

(1.7m)(2.4m)1.2m
GBPY, 2017

EV/EBITDA

12.7 x

EV/EBIT

-5.5 x

EV/CFO

56.3 x

Debt/Equity

0.2 x

Debt/Assets

0.1 x

Financial Leverage

1.9 x
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IDE Group Operating Metrics

IDE Group's New Customers was reported to be 30 in FY, 2016.
Jan, 2016Feb, 2016FY, 2016Mar, 2019

New Customers

30

Active Customers (Selection)

500

Active Customers (C4L)

550

Locations

7
Show all operating metrics

IDE Group Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
365 ITMSApril 05, 2017£4.60 m
C4L Group Holdings LimitedFebruary 16, 2016£20.20 m
Selection Services Investments LimitedJanuary 21, 2016£34.80 m
8EL Leasing Limited
Aggregated Telecom Limited
Assistance Genie Logiciel
Castle Digital Services Inc.
Connexions4London Limited
Cupid.com Inc.
Deverill Group Limited
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IDE Group Revenue Breakdown

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IDE Group revenue breakdown by business segment: 20.2% from Networks, 26.5% from Projects, 35.3% from Managed Services, 16.5% from Cloud Hosting and 1.5% from Other

IDE Group revenue breakdown by geographic segment: 96.6% from United Kingdom and 3.4% from Other

IDE Group Online and Social Media Presence

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IDE Group Frequently Asked Questions

  • When was IDE Group founded?

    IDE Group was founded in 1992.

  • Who are IDE Group key executives?

    IDE Group's key executives are Andy Parker, André Wessels and Craig Newton.

  • How many employees does IDE Group have?

    IDE Group has 519 employees.

  • What is IDE Group revenue?

    Latest IDE Group annual revenue is £65 m.

  • What is IDE Group revenue per employee?

    Latest IDE Group revenue per employee is £125.1 k.

  • Who are IDE Group competitors?

    Competitors of IDE Group include Nordcloud, CloudBerry Lab and Ace Cloud Hosting.

  • Where is IDE Group headquarters?

    IDE Group headquarters is located at 81 Station Rd, Croydon.

  • Where are IDE Group offices?

    IDE Group has offices in Croydon, Reading, Poole, Bromley and in 1 other location.

  • How many offices does IDE Group have?

    IDE Group has 6 offices.