AquaPump Services
Payable 2027 on EBITDA ≥ £1.2m for FY2026.
Y1 vs Underwriting
Ahead of planY1 Revenue
£6.2M
+6.6% vs plan £5.8M
Y1 EBITDA
£1M
+9.7% vs plan £930K
UNDERWRITTEN VS ACTUAL
| Year | Actual | Plan | Variance |
|---|---|---|---|
| Y1 | £6.2M | £5.8M | £380K |
| Y2 | Not reported | £6.4M | — |
| Y3 | Not reported | £7M | — |
IC MEMO SUMMARY
AquaPump Services acquired 2025-05 at 5.3x TTM EBITDA (EV £5.6M). Y1 actual revenue £6.18M (107% of underwriting £5.80M). Integration status: On track.
- Procurement — consolidated pump/parts supplier terms (£185K target) at 52% delivered — status Slightly Behind.
- Group tendering — cross-sell tanker services into GreenSpark contracts (£240K target) at 26% delivered — status Behind.
- 1 synergy delivered or ahead — confidence on remaining plan.
- Integration gates open: day365=in-progress.
SYNERGY TRACKER
5 synergies · 53% realised
| Description | Owner | Target | Delivered | Status | Due |
|---|---|---|---|---|---|
| Nick Petrovic | £120,000 | £88,00073% | On Track | Jun 2026 | |
| Pete Vanagon | £185,000 | £96,00052% | Slightly Behind | Sept 2026 | |
| Mike Vanagon | £240,000 | £62,00026% | Behind | Dec 2026 | |
| Rob Ellison | £95,000 | £110,000100% | Delivered Ahead | Aug 2026 | |
| Nick Petrovic | £78,000 | £24,00031% | In Progress | Oct 2026 |
COHORT COMPARISON
This acquisition vs portfolio
Cross-acquisition benchmarking unlocks once a second acquisition reports Y1 actuals — AquaPump Services is the only one reporting so far.
FINANCIAL SNAPSHOT (TTM)
TTM REVENUE
£6.3M
ADJUSTED EBITDA
£1.3M
EBITDA MARGIN
20.1%
CASH BALANCE
£520K
HEADCOUNT
48
INTEGRATION GATES
- Day 1Complete
- Day 30Complete
- Day 100Complete
- Day 365In Progress
TSA EXIT TRACKER
3 TSAs remaining
VERTICAL KPIS
Environmental Services operating metrics
Engineer Utilisation
84.1%
First-Time Fix Rate
92.0%
Planned-Reactive Mix
58.0%
Completed Jobs
352
Avg Job Value
£1,154
Revenue per Engineer
£78,189
Invoiced vs Completed
93.0%
WIP BY STATUS
Await Parts
£28,087
113 hrs
In Process
£31,300
97 hrs
On Hold
£32,313
100 hrs
Pending
£32,934
89 hrs
Ready
£33,148
110 hrs
ACTIVE JOBS
77
+ 176 future bookings
JOB COORDINATOR PERFORMANCE
| Coordinator | Jobs | GP | Avg Invoice | GP vs Target |
|---|---|---|---|---|
| Coordinator 1 | 188 | £87,816 | £1,118 | -£3,804 |
| Coordinator 2 | 164 | £77,473 | £1,118 | -£800 |
DATA CONNECTIONS
BigChange
ops
Sage 50
accounting
Last sync: 30 Apr 2026
ENGINEER PRODUCTIVITY
| Engineer | Hours Sold | Hours Available | Efficiency | Productivity | Utilisation | Throughput |
|---|---|---|---|---|---|---|
| Engineer 5 | 102 hrs | 121 hrs | 84.3% | 89.5% | 94.2% | 0.9 jobs/day |
| Engineer 1 | 133 hrs | 158 hrs | 84.2% | 89.9% | 93.7% | 1.2 jobs/day |
| Engineer 9 | 106 hrs | 126 hrs | 84.1% | 89.8% | 93.7% | 0.9 jobs/day |
| Engineer 8 | 115 hrs | 137 hrs | 83.9% | 89.1% | 94.2% | 1.0 jobs/day |
| Engineer 12 | 99 hrs | 118 hrs | 83.9% | 89.2% | 94.1% | 0.9 jobs/day |
| Engineer 15 | 99 hrs | 118 hrs | 83.9% | 89.2% | 94.1% | 0.9 jobs/day |
| Engineer 2 | 130 hrs | 155 hrs | 83.9% | 89.0% | 94.2% | 1.1 jobs/day |
| Engineer 3 | 114 hrs | 136 hrs | 83.8% | 89.1% | 94.1% | 1.0 jobs/day |
| Engineer 6 | 114 hrs | 136 hrs | 83.8% | 89.1% | 94.1% | 1.0 jobs/day |
| Engineer 10 | 108 hrs | 129 hrs | 83.7% | 89.3% | 93.8% | 1.0 jobs/day |
| Engineer 7 | 113 hrs | 135 hrs | 83.7% | 89.0% | 94.1% | 1.0 jobs/day |
| Engineer 13 | 102 hrs | 122 hrs | 83.6% | 88.7% | 94.3% | 0.9 jobs/day |
| Engineer 11 | 107 hrs | 128 hrs | 83.6% | 89.2% | 93.8% | 1.0 jobs/day |
| Engineer 4 | 122 hrs | 146 hrs | 83.6% | 89.1% | 93.8% | 1.1 jobs/day |
| Engineer 14 | 127 hrs | 152 hrs | 83.6% | 88.8% | 94.1% | 1.1 jobs/day |
| Engineer 16 | 127 hrs | 152 hrs | 83.6% | 88.8% | 94.1% | 1.1 jobs/day |