Tyrrell Analytics is a Software as a Service smart building performance analytics business, whose software provides insights to estate managers, facility managers, local authorities and end-clients when systems are underperforming, energy is out of control or when compliance with regulations is at risk. Tyrrell Analytics incudes subscription-based features including dashboards, reports and automated facility management system work orders to improve well-being, reduce carbon emissions and energy consumption, prove legislative compliance, enable smart cleaning services and deliver predictive maintenance, lowering operational costs. Tyrrell Analytics has an established customer based of 200 user in the Netherlands through our partner and a growing number of UK customers since internationalisation of the software was completed in 2021. Tyrrell Analytics underpins our work through Tyrrell Systems with local authorities for home monitoring solutions as well as within the strategic growth area of smart buildings.

Evidence of this can be seen in our financial results including recent orders for a Smart Building projects, housing and multi-site retail and leisure applications. Tyrrell Analytics also has a growing number of system integration partners who deploy Tyrrell Analytics with their own customers under a partner agreement and following training. This year sees our completion of US compatibility and our venture into that market to seek additional partners and growth. Being a subscription based SAAS solution, whether on premis or cloud hosted, Tyrrell Analytics is a business which is valued with larger EBITDAR multipliers than traditional businesses in this sector.