DC
DrainClear Solutions
GB·GBP·Acquired Mar 2026·Closed Mar 2026
Setup pending
EV£1.4M
Multiple paid5x
Vendor loan
Earn-out
Exit multiple assumption7x
MULTIPLE JOURNEY
5.0xAcquired
6.8xGroup multiple
Y1 vs Underwriting
Actuals pendingY1 Revenue
—
actuals pending
Y1 EBITDA
—
actuals pending
UNDERWRITTEN VS ACTUAL
Actuals not yet reported — first reporting date expected Jun 2026.
| Year | Actual | Plan | Variance |
|---|---|---|---|
| Y1 | Not reported | £1.7M | — |
| Y2 | Not reported | £1.9M | — |
| Y3 | Not reported | £2.2M | — |
IC MEMO SUMMARY
DrainClear Solutions acquired 2026-03 at 5x TTM EBITDA (EV £1.4M). Y1 underwriting £1.65M — actual not yet reported (close 2026-03). Integration status: Setup pending.
FLAGGED
- Integration gates open: day1=in-progress, day30=pending, day100=pending, day365=pending.
SYNERGY TRACKER
1 synergy · 0% realised
| Description | Owner | Target | Delivered | Status | Due |
|---|---|---|---|---|---|
| Mike Vanagon | £60,000 | £00% | Not Started | Dec 2026 |
Total synergy target: £60,0000% realised to date
COHORT COMPARISON
This acquisition vs portfolio
Cross-acquisition benchmarking unlocks once a second acquisition reports Y1 actuals.
FINANCIAL SNAPSHOT
Since acquisition Mar 2026 · partial period
REVENUE
£266.8K
ADJUSTED EBITDA
£89.4K
EBITDA MARGIN
33.5%
CASH BALANCE
£92K
HEADCOUNT
14
INTEGRATION GATES
- Day 1In Progress
- Day 30Not Started
- Day 100Not Started
- Day 365Not Started
TSA EXIT TRACKER
In ProgressExpected Aug 2026
1 TSA remaining
DATA CONNECTIONS
Sage 50
accounting
Setup Pending