Watchstone Group Plc

Watchstone Group Plc

Watchstone Group Plc

Overview
Date Founded

2000

Headquarters

Highgate Court,Tollgate, Chandlers Ford,Eastleigh, Hampshire SO53 3TY

Type of Company

Public

Employees (Worldwide)

1,079

Industries

Computer Software
IT Consulting & Services
Commercial Scientific Research

Company Description

Watchstone Group Plc operates as a holding company, which engages in the provision of software, consulting, and technology enabled outsourcing services. It operates through the following segments: Hubio, Ingenie, Healthcare Services and Other. The Hubio segment provides telematics and insurance technology solutions. The Ingenie segment offers telematics based insurance broking services. The Healthcare Services segment operates Canadian based physiotherapy networks. The Other segment includes a number of businesses, including Business Advisory Service Limited, an energy brokerage company and Maine Finance Limited, a life insurance broker. The company was founded by Robert Simon Terry in 2000 and is headquartered in London, the United Kingdom.

In The News
The Daily Telegraph (London)
January 24, 2018
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Australian Financial Review
July 12, 2017
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Australian Financial Review
July 11, 2017
Legal eagles take final swoop at Slaters
Australian Financial Review
July 1, 2017
Fuse that set off Slater's bombshell
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Executives & Employees

Chief Executive Officer & Secretary

Chief Executive Officer, EMEA

Chief Technology Officer

Head-Corporate Development

Head-Program Office

Head of Investor Relaions

Group Finance Director

Executive Officer

Executive Officer

Executive Officer

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Board of Directors

Former Executive Chairman at Redde Plc

Life Peer, House of Lords at United Kingdom Parliament

Founder at Codex Capital Partners

Former Manager at Israel Aircraft Industries Ltd.

Group Finance Director at Watchstone Group Plc

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Owners & Shareholders
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Beach Point Capital Management (BCP) specializes in distressed debt, high yield bonds, corporate loans and other credit-related investments. The firm offers funds and customizable managed accounts in the following strategies: Traditional, Multi-Strategy, Full Spectrum/Total Return, Securitized Credit and Distressed Debt. BCP's Traditional strategy invests primarily in corporate loans and high yield bonds. The strategy seeks upside opportunity from a combination of current income and capital appreciation and seeks protection from inflation through of the floating rate nature of most corporate loans. The firm's Multi-Strategy approach invests primarily in high yield bonds, corporate loans, mezzanine and other opportunistic credit investments. It also makes limited investments in equities, special situation investments and distressed investments. The strategy seeks to protect against downside risks by investing in assets with a relatively short average life and by using selective macro short positions and interest rate hedging. BCP's Full Spectrum/Total Return strategy has the flexibility to capture investment opportunities across the universe of below investment grade credit. It employs a flexible, value-oriented approach with investments up and down the capital structure. BCP seeks to take both long and short positions in high yield bonds, corporate loans, stressed and distressed debt, special situation investments, credit-related opportunities, undervalued and event-driven equities, and other various securities and instruments. The strategy also makes selective investments in convertible notes and capital structure arbitrage opportunities. Their Securitized Credit strategy invests in a variety of securitized products, mortgage loans, and credit instruments. It attempts to generate risk-adjusted returns by seeking out structural inefficiencies in mortgage and related credit market opportunities. BCP's Distressed Debt strategy invests mainly in distressed debt and special situation investments and other credit-related opportunities arising in relation to companies in financial distress and/or periods of financial uncertainty. BCP seeks to invest at a meaningful discount to intrinsic value and to realize profits primarily through capital appreciation, including realizing on restructured debt obligations or other securities or instruments obtained in connection with a reorganization. this strategy invest primarily in distressed debt andspecial situation investments and other credit-related opportunities arising in relation tocompanies in financial distress and/or periods of financial distress or uncertainty. Thestrategy generally seeks to invest at a meaningful discount to intrinsic value and to realizeprofits primarily through capital appreciation, including realizing on restructured debtobligations or other securities or instruments obtained in connection with areorganization.

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SVS Securities Plc is a British private company located in London. The firm provides brokerage services. Kulvir Virk is the current CEO, occupying that position since 2003.

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Recent Transactions
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purchases Hubio Technologies Ltd. from Watchstone Group Plc

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Smarter Business Ltd. purchases Business Advisory Service Ltd. from Watchstone Group Plc

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Tantalum Ltd. purchases Watchstone Group Plc

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Transaction Advisors
Legal Advisor

Advised onWatchstone Group Plc issued Ordinary Shares

Investment Advisor

Advised onWatchstone Group Plc purchases Silverbeck Rymer Solicitors

Broker

Advised onWatchstone Group Plc issued Ordinary Shares

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Associate

Advised onWatchstone Group Plc purchases Himex Ltd.

Investment Advisor

Advised onWatchstone Group Plc, Quindell Legal Services Ltd. purchase Pinto Potts LLP

Investment Advisor

Advised onWatchstone Group Plc, Quindell Legal Services Ltd. purchase Pinto Potts LLP

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Advisors & Consultants
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Consultant

Former Chief Executive Officer at Old Mutual Plc

Advisor

Chief Financial Officer at Telsis Group Ltd.

Consultant

Chairman & Chief Executive Officer at Quob Park Estate Ltd.

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Clients

Government of the United Kingdom is the central government of the United Kingdom of Great Britain and Northern Ireland.The government is led by the Prime Minister, who selects all the remaining ministers. The prime minister and the other most senior ministers belong to the supreme decision-making committee, known as the Cabinet.

ANWB BV operates an automobile and tourist association. It provides signposts, air ambulances, petrol stations, legal advice, car and travel insurance, travel news through television, radio, internet and satnav, and breakdown assistance services. The company is headquartered in Den Haag, the Netherlands.

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Key Stats and Financials As of 2016
Market Capitalization
$47.9M
Total Enterprise Value
$11.8M
Earnings Per Share
$-1.51
Revenue
$63.8M
Net Profit
$-69.4M
EBITDA
$-11.1M
EBITDAMargin
-17.47%
Total Debt
$6.4M
Total Equity
$68.5M
Enterprise Value Sales
0.18x
TEVNet Income
-0.17x
Debt TEV
0.54x
Three Year Compounded Annual Growth Rate Of Revenue
-44.85%
Five Year Compounded Annual Growth Rate Of Revenue
42.2%
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Investments
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Himex Ltd. provides technology and business process outsourcing services to insurance, vehicle fleet, residential, OEM and governmental sectors. The company is headquartered in London, the United Kingdom.

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