Innovative developer of smart parking technology – based in London

The company is a leading provider of state-of-the-art parking technologies for use at multi-storey car parks.
Operating for over two decades, the business has assembled a diverse range of services, including bay monitoring systems, VMS, and solar parking bays. The company has also developed its own AI-driven solutions and advanced fire detection systems. All of the solutions provided by the business are capable of integrating into a wider system for efficient management, with no manual input required. Our clients are now offering the business for sale to facilitate further growth under new ownership and to aid retirement plans. Offers invited. Generated a turnover of £420k in YE23, with an adjusted EBITDA of £152k. The business was included in a successful tender for a high-value contract with a visitor destination in Cardiff for its products at an MSCP. The company is also in discussion with a prominent client for a project worth £250k.
Cultivated a strong reputation with five blue-chip clients, 90% of which provide ongoing custom on a regular basis.
Client network operates across a diverse range of industries, including parking, leisure, aviation, and water quality management. Secured multiple long-standing contracts with its clientele. Offered as a fully relocatable opportunity.