May 2026
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Largest Vertical E-commerce Public Companies in the UK
Benchmark revenue and EBITDA valuation multiples for public comps like
Inchcape, Ocado Group, Moonpig Group, THG and AO World.
 | Inchcape PLC, based in the United Kingdom, is a distributor and retailer of premium and luxury automobiles through partnerships with original equipment manufacturers (OEMs). The company has three reportable segments and two operating business units: distribution and retail. The distribution segment delivers new vehicles and parts in three geographies (Asia Pacific (APAC), the Americas, Europe and Africa) and provides associated marketing and logistics operations. The retail segment sells new and used vehicles in the U.K. and Europe. The company’s profitable revenue sources are distribution services performed in APAC and retail services in the U.K. and Europe. | $11 | +17% | $4B | $5B | 0.4x | 5.1x | ||
| Founded in 2000, Ocado provides automation and logistics solutions to grocers. Ocado operates in two segments: logistics and solutions. Logistics provides fulfillment and delivery services in the United Kingdom. Solutions is based on the Ocado Smart Platform, a modular, automated online retail fulfillment and delivery solution that provides software, fulfillment hardware, and support services to corporate customers in return for upfront and recurring fees. Partners include leading grocers around the world, like Sobeys, Morrisons, ICA, Groupe Casino, Bon Preu, Kroger, and Coles. Ocado also has a 50% stake in Ocado Retail, a pure-play e-grocery business. The other 50% is owned by Marks & Spencer. | $3 | -1% | $2B | $4B | 2.1x | 16.4x | ||
| Moonpig Group PLC operates in the gifting market. The company is an online greeting cards and gifting platform, comprising the Moonpig, Red Letter Days, and Buyagift brands in the UK and the Greetz brand in the Netherlands. Its products and services include a range of cards, a curated range of gifts, personalization features, and next-day delivery offerings. The company's operating segments are Moonpig, which derives key revenue, Greetz, and Experiences. Geographically, the company generates maximum revenue from the United Kingdom and the rest from the Netherlands, Ireland, the United States, and Australia. | $3 | -3% | $877M | $1B | 2.2x | 7.9x | ||
| THG PLC is an online retailer. It provides an end-to-end direct-to-consumer ("D2C") e-commerce solution for consumer brand owners under a Software as a Service, in addition to stand-alone services, including hosting, content creation and translation. Its business is operated through four businesses: THG Ingenuity, THG Nutrition, THG Beauty and Other. The company operates in the United Kingdom. | $0 | +4% | $715M | $1B | 0.5x | 13.2x | ||
| AO World PLC is a European retailer that specializes in electrical products. The company's primary markets include essential domestic appliances, small domestic appliances, and audiovisual equipment. Within the domestic appliances category, AO collaborates with suppliers such as Fisher & Paykel, Daewoo, and Amica. The small domestic appliances segment encompasses a variety of appliances including food preparation appliances, kitchen appliances, and floorcare devices. Additionally, the company offers ancillary services to customers in the UK. AO's main geographical markets are the UK, Germany, and the Netherlands. | $1 | -3% | $700M | $679M | 0.4x | 7.1x | ||
| Asos is a global e-commerce player focusing on fashion and cosmetics and targeting the youth segment (20-somethings) globally. Of its revenue, 45% comes from its UK home market, 30% from other European Union countries, 13% from the United States, 12% from the rest of the world. The company ships to 240 countries from its three warehouses located in the UK, continental Europe, and the United States. It offers over 85 000 products on its website from third-party brands and its own labels. | $4 | -9% | $439M | $1B | 0.3x | 6.7x | ||
| Victorian Plumbing Group PLC is an online retailer of bathroom products and accessories, offering a one-stop-shop solution for the entire bathroom. It offers a wide varities of products to business to customer and trade customers, with more than 125 brands across a wide spectrum of price points and it also design and develops exclusive new products in-house. | $1 | +4% | $357M | $399M | 1.0x | 9.4x | ||
| Gear4music (Holdings) PLC, a holding company operates as an online retailer of musical instruments and equipment. Geographically, it derives majority of its revenue from the United Kingdom and has a presence in Europe and the Rest of the World. It generates revenue by-products such as Own-brand products, Other-brand products, Warranty income and Other. The company has developed its e-commerce platform, with multilingual, multicurrency and responsive design Websites. | $3 | -4% | $65M | $96M | 0.5x | 7.0x | ||
| Sosandar PLC is involved in the online sale of women's wear products through its platform. It is engaged in the sale of womenswear fashion, footwear, and accessories through its website, and selected third-party partners. The product portfolio of the company includes clothing, footwear, gifts, accessories, and gift cards, among others. Geographically, the company derives its key revenue from the United Kingdom. | $0 | +40% | $32M | $27M | 0.5x | 19.9x | ||
| Median | $3 | -1% | $700M | $1B | 0.5x | 7.9x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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