Vertical software · Bristol, United Kingdom
Willowbridge Learning
B2B SaaS · Private equity-backed · Founded 2008
Revenue€25mIllustrative LTM
EBITDA€4.2m17% margin
Revenue growth+5%Year on year
Recurring revenue77%Estimated share
Employees136-2% year on year
Company view
Medium confidenceLearning-management software for regulated employers with distributed workforces.
Workforce learningB2B SaaSUK & IrelandPrivate equity-backed
Synthetic source fields
No live client dataBusiness modelB2B SaaS
OwnershipPrivate equity-backed
Revenue€25m
EBITDA€4.2m
Recurring revenue77%
International revenue24%
Investment thesis
What could be true- Stable recurring base and defensible regulatory use cases.
- Potential platform for adjacent compliance content.
Risks to resolve
Before advancing- Low organic growth needs a clear reacceleration thesis.
- Existing sponsor may have already captured straightforward efficiencies.
Screening dimensions
Deterministic v1.0Revenue quality1.6 / 2.0
77% recurring revenue provides a solid contracted base.
Scale1.5 / 1.5
€4.2m EBITDA sits inside the illustrative platform range.
Growth0.4 / 1.5
5% revenue growth is below the level expected for a growth-led case.
Profitability0.8 / 1.5
17% EBITDA margin is credible with room for further leverage.
Market focus1.00 / 1.25
The workforce learning focus is clear, with some adjacent exposure.
Product depth0.6 / 1.0
Services or platform dependencies may limit defensibility.
International0.35 / 0.75
24% international revenue leaves geographic expansion largely unproven.
Dealability0.3 / 0.5
Private equity-backed status suggests a process-driven exit with valuation tension.