About OfficeTeam
OfficeTeam is a company based in Croydon (United Kingdom) founded in 1888 was acquired by Paragon Group in May 2020.. The company has 521 employees as of June 30, 2021. OfficeTeam has completed 1 acquisition, including ZenOffice. OfficeTeam offers products and services including Office Supplies, Furniture, and Workwear. OfficeTeam operates in a competitive market with competitors including Spicers, GLS Educational Supplies Limited, Boss Direct, Printerbase and Euroffice UK, among others.
- Headquarter Croydon, United Kingdom
- Employees 521 as on 30 Jun, 2021
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Ot Group Limited
- Date of Incorporation 31 Oct, 2005
- Jurisdiction ASHTON-UNDER-LYNE, ENGLAND
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Annual Revenue
$15.42 M (USD)14as on Jun 30, 2020
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Net Profit
$12.93 M (USD)1844as on Jun 30, 2020
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EBITDA
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Latest Funding Round
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Investors
Paragon Group
& 1 more
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Employee Count
521
as on Jun 30, 2021
- Investments & Acquisitions
- Acquired by
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Products & Services of OfficeTeam
OfficeTeam offers a comprehensive portfolio of products and services, including Office Supplies, Furniture, and Workwear. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Essential items like paper and pens for daily office use
Ergonomic chairs and desks for workplace comfort
Safety gear and uniforms for business environments
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Funding Insights of OfficeTeam
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in OfficeTeam
OfficeTeam has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Paragon Group and Better Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Diversified investment management firm
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Founded Year | Domain | Location | |
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Diversified operations are conducted across multiple industries by Paragon Group.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by OfficeTeam
OfficeTeam has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include ZenOffice. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Facility management services are provided across various sectors by ZenOffice.
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1972 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - OfficeTeam
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Officeteam Comparisons
Competitors of OfficeTeam
OfficeTeam operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Spicers, GLS Educational Supplies Limited, Boss Direct, Printerbase and Euroffice UK, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Office products are distributed to UK wholesalers by Spicers.
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| domain | founded_year | HQ Location |
Supplier of educational solutions for schools and businesses
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| domain | founded_year | HQ Location |
Office supplies for enterprises are distributed electronically.
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| domain | founded_year | HQ Location |
Functions as a B2B e-distributor platform for office supplies.
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| domain | founded_year | HQ Location |
Stationery and office supplies are sold online to SMEs.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Officeteam
Frequently Asked Questions about OfficeTeam
When was OfficeTeam founded?
OfficeTeam was founded in 1888.
Where is OfficeTeam located?
OfficeTeam is headquartered in Croydon, United Kingdom.
Who is the current CEO of OfficeTeam?
Jeff Whiteway is the current CEO of OfficeTeam.
How many employees does OfficeTeam have?
As of Jun 30, 2021, the latest employee count at OfficeTeam is 521.
What is the annual revenue of OfficeTeam?
Annual revenue of OfficeTeam is $15.42M as on Jun 30, 2020.
What does OfficeTeam do?
OfficeTeam was founded in 1888 in Croydon, United Kingdom, as a national supplier of office products within the business services and supplies sector. The company serves 12,000 customers globally. It was acquired by Better Capital, which also owns Spicers, a UK-based wholesale stationery distributor. Due to operational overlaps, the businesses were placed under common ownership and partially merged, though they continue to operate and trade independently.
Who are the top competitors of OfficeTeam?
OfficeTeam's top competitors include Spicers, GLS Educational Supplies Limited and Euroffice UK.
What products or services does OfficeTeam offer?
OfficeTeam offers Office Supplies, Furniture, and Workwear.
How many acquisitions has OfficeTeam made?
OfficeTeam has made 1 acquisition, including ZenOffice.
Who are OfficeTeam's investors?
OfficeTeam has 2 investors. Key investors include Paragon Group, and Better Capital.