Summary - Funding Rounds

Founding Date

2008

Total Funding

$2.6 m

Investors

In total, TestPlant had raised $2.6 m. TestPlant is a subsidiary of Carlyle Group

TestPlant Income Statement

Annual

GBPFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

5.5 m7.4 m9.1 m

Revenue growth, %

35%23%

Cost of goods sold

358.1 k408.2 k628.8 k

Gross profit

5.1 m7 m8.4 m

Gross profit Margin, %

93%94%93%

Operating expense total

4.7 m6.1 m8.7 m

EBITDA

397.1 k1.1 m48.6 k(917.4 k)

EBITDA margin, %

7%15%1%

EBIT

397.1 k893.8 k(230.9 k)(917.4 k)

EBIT margin, %

7%12%(3%)

Pre tax profit

387.8 k890.6 k(240.2 k)(914.2 k)

Income tax expense

(1.8 k)43.3 k170.6 k

Net Income

386 k933.9 k(69.6 k)(914.2 k)

TestPlant Balance Sheet

Annual

GBPFY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Cash

624.6 k119.4 k7.6 k12.8 k13.9 k1.1 m1.2 m2.9 m33 k

Accounts Receivable

400.1 k952.4 k1.1 m1.7 m1.7 m1.3 m2 m1.7 m

Inventories

18.6 k23.3 k

Current Assets

1 m1.1 m1.1 m1.7 m1.7 m3.5 m3.3 m6.5 m477.4 k

PP&E

536.5 k143.3 k234.7 k203.4 k

Goodwill

1.4 m1.3 m1.2 m

Total Assets

1.6 m1.6 m1.6 m2.3 m2.3 m5.1 m5.9 m8.5 m1.9 m

Accounts Payable

17.8 k31.8 k184.1 k64.9 k33 k148.1 k139.1 k241.7 k1.2 k

Current Liabilities

17.8 k31.8 k184.1 k214.9 k176 k4.1 m3.1 m4.5 m55 k

Non-Current Liabilities

929.5 k2.3 m

Total Liabilities

17.8 k31.8 k184.1 k214.9 k176 k4.1 m4.1 m6.8 m55 k

Additional Paid-in Capital

1.6 m1.6 m1.5 m2.1 m2.1 m3 m3 m3.1 m1.8 m

Retained Earnings

386 k692.3 k(363.9 k)(914.2 k)

Total Equity

1.6 m1.6 m1.4 m2.1 m2.1 m998.3 k1.9 m1.8 m1.8 m

Financial Leverage

1 x1 x1.1 x1.1 x1.1 x5.1 x3.2 x4.8 x1 x

TestPlant Cash Flow

Annual

GBPFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

386 k933.9 k(69.6 k)(914.2 k)

Cash From Operating Activities

546.9 k2.1 m

Dividends Paid

241.6 k294.3 k

Cash From Financing Activities

733 3.1 k

Net Change in Cash

101.9 k1.6 m

Income Taxes Paid

(1.8 k)43.3 k170.6 k
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