The Group at a Glance

The Group currently has a combined network of over 425 franchisees across five principal brands in the UK.

Franchise Brands is organised into a B2B division comprised of Metro Rod, Metro Plumb and Willow Pumps, and a B2C division that incorporates ChipsAway, Ovenclean and Barking Mad. This divisional organisation is designed to provide a greater focus and structure to support the strategic development of our B2B and B2C brands.

B2B

Metro Rod & Metro Plumb

Metro Rod: commercial drainage expert providing one-stop solutions nationally via 50 B2B depots run by 42 franchisees.

Metro Plumb: specialist plumbing services with 36 franchise territories.

Kemac: also provides specialist plumbing services to several water utilities.

Management Service Fee of 15-22.5%.

ADJUSTED EBITDA H12021*
£2.3m
(+54%)
Willow Pumps

Leading pump design, installation and servicing business, acquired in 2019.

Facilitating development of pump-related work Metro Rod.

Also manages two Metro Rod corporate franchises.

ADJUSTED EBITDA H12021*
£0.9m
(+13%)

B2C

ChipsAway, Ovenclean & Barking Mad

Provide services to retail customers of a similar cohort.

Total of 393 franchisees most of are "one man, one van" operations.

Typically recruits between 60-80 franchisees per year.

Predominantly fixed monthly fees.

ADJUSTED EBITDA H12021*
£1.5m
(+63%)
*Adjusted EBITDA is earnings before interest, tax, depreciation, amortisation, and share-based payment expense and non-recurring items (COVID-19 related restructuring charge and bad debt provision)