Newcastle Tool & Gauge Ltd. Asset Profile

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Year established

1979

Location

Gateshead Tyne & Wear UK

Primary Industry

Business Support Services

About

Based in Gateshead, UK, and founded in 1979, Newcastle Tool & Gauge Ltd. is a precision engineering business founded by Brian Bates, Joan Graham and Charlie Sampy. In February 2021, Ignite Growth acquired the company. This provided a retirement solution for Bates and Graham while Sampy remains a shareholder in the company. Newcastle Tool & Gauge Ltd. is a machining company that provides engineering solutions for the power generation, oil and gas, subsea, thermoforming, and precision components market. The company owns various equipment in order to provide its services which include: 5 Axis machining, computer numerical control (CNC) milling, CNC turning, EDM - spark and wire erosion, surface and cylindrical grinding, and conventional milling/turning and reverse engineering. Newcastle Tool & Gauge also offers secondary processes through a trusted network of partners, which includes - welding, plating, corrosion protection, heat treatment, electropolishing. Following the acquisition by Ignite Growth, Newcastle Tool & Gauge Ltd. plans to grow the company both organically and through acquisitions.

Current Investors

Ignite

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Primary Industry

Business Support Services

Sub Industries

Engineering

Website

www.ntg-ltd.co.uk

Company Stage

Mature - Buyout

Total Amount Raised

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Timeline of Key Events

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Financials

Fiscal Year Ended
Revenue (USD)
% Revenue Growth (YoY)
Operating Income (USD)
Operating Margin
EBITDA (USD)
% EBITDA Margin
NET Income (USD)
% Net Margin

31 Mar 2023

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Deals

Deals Type
Add-on
Buyout

Deal Status	Target (s)	Deal Date	Investor(s)	Seller(s)	Deal size (Mn)	Enterprise value (Mn)	Post-money valuation (Mn)	EBITDA multiple (x)	Revenue multiple (x)	Lead partner (s)
Completed	Abs Precision Limited	06 Jul 2022
Completed	Newcastle Tool & Gauge Ltd.	25 Jan 2021

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Employee Data

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