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.) (Jun 2020)303
Revenue (FY, 2018)£41.1 M(-36%)
Share Price (Jul 2020)£0
Cybersecurity ratingDMore

Key People/Management at IDE Group

Andy Parker

Andy Parker

Executive Chairman
André Wessels

André Wessels

General Counsel
Ian Smith

Ian Smith

Director
Sebastian White

Sebastian White

Director
Show more

IDE Group Office Locations

IDE Group has offices in Croydon, Bromley, Edinburgh, Poole and in 1 other location
Croydon, GB (HQ)
81 Station Rd
Bromley, GB
Kingfisher House, 21 Elmfield Rd
Edinburgh, GB
24 Dublin St
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

Embed Graph
View revenue for all periods
IDE Group's revenue was reported to be £41.14 m in FY, 2018
GBP

Revenue (FY, 2018)

41.1m

Gross profit (FY, 2018)

6.6m

Gross profit margin (FY, 2018), %

16.1%

Net income (FY, 2018)

(29.5m)

EBIT (FY, 2018)

(30.2m)

Market capitalization (9-Jul-2020)

112.2k

Closing stock price (9-Jul-2020)

0.0

EV

10.1m
IDE Group's current market capitalization is £112.2 k.
Annual
GBPFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

12.6m146.0k43.4m65.0m41.1m

Revenue growth, %

29641%50%

Cost of goods sold

12.0m29.0k25.6m41.0m34.5m

Gross profit

609.0k117.0k17.8m24.0m6.6m
Half Year
GBPH1, 2016H1, 2017H1, 2018

Revenue

19.2m29.6m28.7m

Cost of goods sold

11.2m18.3m26.7m

Gross profit

8.0m11.3m1.9m

Gross profit Margin, %

42%38%7%
Annual
GBPFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

12.1m22.8m1.1m1.1m

Accounts Receivable

177.0k6.6m8.6m7.0m

Prepaid Expenses

80.0k2.3m3.6m

Inventories

366.0k
Half Year
GBPH1, 2016H1, 2017H1, 2018

Cash

468.0k336.0k3.8m

Current Assets

10.8m15.9m16.2m

PP&E

5.4m13.4m11.5m

Goodwill

12.4m37.4m15.0m
Annual
GBPFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

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

(5.8m)(1.7m)(2.4m)1.2m(9.0m)
Half Year
GBPH1, 2016H1, 2017H1, 2018

Net Income

(3.2m)(1.3m)(39.1m)

Depreciation and Amortization

995.0k1.4m3.4m

Accounts Payable

61.0k4.9m(1.7m)

Cash From Operating Activities

(5.2m)(454.0k)(1.6m)
GBPFY, 2014

Financial Leverage

1.2 x
Show all financial metrics

IDE Group Operating Metrics

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

New Customers

30

Active Customers (Selection)

500

Active Customers (C4L)

550

Locations

7
Show all operating metrics

IDE Group Acquisitions / Subsidiaries

Company NameDateDeal 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
Show more

IDE Group Cybersecurity Score

Cybersecurity ratingPremium dataset

D

68/100

SecurityScorecard logo

IDE Group Revenue Breakdown

Embed Graph

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

Embed Graph

IDE Group Blogs

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 Ian Smith.

  • How many employees does IDE Group have?

    IDE Group has 303 employees.

  • What is IDE Group revenue?

    Latest IDE Group annual revenue is £41.1 m.

  • What is IDE Group revenue per employee?

    Latest IDE Group revenue per employee is £135.8 k.

  • Who are IDE Group competitors?

    Competitors of IDE Group include Alcatel-Lucent Enterprise, Qvantel and AC3.

  • 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, Bromley, Edinburgh, Poole and in 1 other location.

  • How many offices does IDE Group have?

    IDE Group has 6 offices.