Bluewater Logistics Group
Everything that has happened with this deal, newest first — the updates, calls and financials they've sent, and the money that's come back.
Events
32
on the record
Documents
31
29 read & summarised
Distributions
0
cash returned
Invested
$5.50M
2019-11-01
History
32 shown
2026
09-30
Bluewater: September 2026 revenue 45% behind plan
Significant
Financials
5 figures
Revenue of $1.53M was 45% behind the $2.80M budget, down 14% on a year earlier. EBITDA of $99K (6% margin) was 41% short of plan. The business is still well short of the plan set at acquisition; the board is reviewing the cost base.
08-31
Bluewater misses its August 2026 plan by 42%
Significant
Financials
5 figures
Revenue of $1.61M was 42% behind the $2.76M budget, down 12% on a year earlier. EBITDA of $97K (6% margin) was 42% short of plan. Volumes remain well below the acquisition plan, and the lender has been briefed on the reset.
07-31
Bluewater: July 2026 revenue 40% behind plan
Significant
Financials
5 figures
Revenue of $1.64M was 40% behind the $2.73M budget, down 13% on a year earlier. EBITDA of $93K (6% margin) was 43% short of plan. The business is still well short of the plan set at acquisition; the board is reviewing the cost base.
06-30
Bluewater misses its June 2026 plan by 41%
Significant
Financials
5 figures
Revenue of $1.58M was 41% behind the $2.70M budget, down 17% on a year earlier. EBITDA of $98K (6% margin) was 40% short of plan. Volumes remain well below the acquisition plan, and the lender has been briefed on the reset.
05-31
Bluewater: May 2026 revenue 38% behind plan
Significant
Financials
5 figures
Revenue of $1.64M was 38% behind the $2.67M budget, down 15% on a year earlier. EBITDA of $104K (6% margin) was 35% short of plan. The business is still well short of the plan set at acquisition; the board is reviewing the cost base.
04-30
Bluewater misses its April 2026 plan by 37%
Significant
Financials
5 figures
Revenue of $1.66M was 37% behind the $2.63M budget, down 12% on a year earlier. EBITDA of $98K (6% margin) was 38% short of plan. Volumes remain well below the acquisition plan, and the lender has been briefed on the reset.
03-31
Bluewater: March 2026 revenue 33% behind plan
Significant
Financials
5 figures
Revenue of $1.74M was 33% behind the $2.60M budget, down 13% on a year earlier. EBITDA of $105K (6% margin) was 33% short of plan. The business is still well short of the plan set at acquisition; the board is reviewing the cost base.
02-28
Bluewater consolidates two terminals
Financials
5 figures
Two Midwest terminals were combined to take out fixed cost after the volume decline; closure costs ran through the period. Revenue of $1.75M was 32% behind the $2.57M budget, down 12% on a year earlier. EBITDA of $96K (5% margin) was 38% short of plan.
01-31
Bluewater: January 2026 revenue 32% behind plan
Significant
Financials
5 figures
Revenue of $1.73M was 32% behind the $2.54M budget, down 15% on a year earlier. EBITDA of $102K (6% margin) was 33% short of plan. The business is still well short of the plan set at acquisition; the board is reviewing the cost base.
01-17
Bluewater 2026 budget approved: revenue $32.6M
Financials
The board-approved 2026 budget plans revenue of $32.6M, 44% above 2025's actual revenue, and EBITDA of $1.96M, a 6% margin.
2025
12-31
Bluewater: December 2025 revenue 29% behind plan
Significant
Financials
5 figures
Revenue of $1.78M was 29% behind the $2.51M budget, down 14% on a year earlier. EBITDA of $106K (6% margin) was 30% short of plan. The business is still well short of the plan set at acquisition; the board is reviewing the cost base.
12-31
Bluewater FY2025 audit: clean opinion
Financials
The auditors issued an unqualified opinion on FY2025. Audited revenue of $22.6M and EBITDA of $1.39M agree with the quarterly packages to within 0.5%; no adjustments were booked.
12-31
Tax document
Tax document
11-30
Bluewater misses its November 2025 plan by 30%
Significant
Financials
5 figures
Revenue of $1.74M was 30% behind the $2.48M budget, down 17% on a year earlier. EBITDA of $104K (6% margin) was 30% short of plan. Volumes remain well below the acquisition plan, and the lender has been briefed on the reset.
10-31
Bluewater: October 2025 revenue 25% behind plan
Significant
Financials
5 figures
Revenue of $1.84M was 25% behind the $2.45M budget, down 10% on a year earlier. EBITDA of $119K (6% margin) was 19% short of plan. The business is still well short of the plan set at acquisition; the board is reviewing the cost base.
09-30
Bluewater misses its September 2025 plan by 27%
Significant
Financials
5 figures
Revenue of $1.77M was 27% behind the $2.42M budget, down 15% on a year earlier. EBITDA of $97K (6% margin) was 33% short of plan. Volumes remain well below the acquisition plan, and the lender has been briefed on the reset.
08-31
Bluewater refinances its equipment notes
Financials
5 figures
The tractor and trailer notes were folded into one facility with a longer amortization, easing monthly debt service. Revenue of $1.83M was 23% behind the $2.39M budget, down 3% on the prior month. EBITDA of $118K (6% margin) was 18% short of plan.
07-31
Bluewater misses its July 2025 plan by 20%
Significant
Financials
5 figures
Revenue of $1.89M was 20% behind the $2.37M budget, down 1% on the prior month. EBITDA of $123K (6% margin) was 13% short of plan. Volumes remain well below the acquisition plan, and the lender has been briefed on the reset.
06-30
Bluewater: June 2025 revenue 18% behind plan
Significant
Financials
5 figures
Revenue of $1.91M was 18% behind the $2.34M budget, down 2% on the prior month. EBITDA of $105K (6% margin) was 25% short of plan. The business is still well short of the plan set at acquisition; the board is reviewing the cost base.
05-31
Bluewater misses its May 2025 plan by 16%
Significant
Financials
5 figures
Revenue of $1.94M was 16% behind the $2.31M budget, up 3% on the prior month. EBITDA of $123K (6% margin) was 12% short of plan. The full-year plan has been reset lower and a cost programme is under way.
04-30
Bluewater: April 2025 revenue 17% behind plan
Significant
Financials
5 figures
Revenue of $1.89M was 17% behind the $2.28M budget, down 5% on the prior month. EBITDA of $122K (6% margin) was 11% short of plan. Management has cut the full-year outlook and is holding hiring until volumes recover.
03-31
Bluewater misses its March 2025 plan by 12%
Significant
Financials
5 figures
Revenue of $2.00M was 12% behind the $2.26M budget, up 1% on the prior month. EBITDA of $128K (6% margin) was 5% short of plan. The full-year plan has been reset lower and a cost programme is under way.
02-28
Bluewater loses its second-largest shipper
Significant
Financials
5 figures
A retail customer worth about 9% of revenue took its freight in-house at contract end; the affected terminal is being resized. Revenue of $1.98M was 11% behind the $2.23M budget, down 3% on the prior month. EBITDA of $119K (6% margin) was 11% short of plan.
01-31
Bluewater a little behind plan in January 2025
Financials
5 figures
Revenue of $2.04M was 7% behind the $2.20M budget, down 1% on the prior month. EBITDA of $127K (6% margin) was on plan. The shortfall is concentrated in two accounts; management expects to recover it by year-end.
01-19
Bluewater 2025 budget approved: revenue $28.2M
Financials
The board-approved 2025 budget plans revenue of $28.2M, 9% above 2024's actual revenue, and EBITDA of $1.69M, a 6% margin.
2024
12-31
Bluewater: December 2024 revenue 5% short of budget
Financials
5 figures
Revenue of $2.07M was 5% behind the $2.18M budget, down 1% on the prior month. EBITDA of $121K (6% margin) was 7% short of plan. Management puts the gap down to timing and keeps the full-year plan.
11-30
Bluewater on plan in November 2024
Financials
5 figures
Revenue of $2.09M was in line with the $2.15M budget, up 2% on the prior month. EBITDA of $122K (6% margin) was 6% short of plan. Nothing in the package changes the full-year view.
10-31
Bluewater: October 2024 revenue 3% short of budget
Financials
5 figures
Revenue of $2.06M was 3% behind the $2.13M budget, down 1% on the prior month. EBITDA of $121K (6% margin) was 5% short of plan. Management puts the gap down to timing and keeps the full-year plan.
09-30
Bluewater on plan in September 2024
Financials
5 figures
Revenue of $2.07M was in line with the $2.10M budget. EBITDA of $113K (5% margin) was 11% short of plan. Nothing in the package changes the full-year view.
01-23
Bluewater 2024 budget approved: revenue $24.5M
Financials
The board-approved 2024 budget plans revenue of $24.5M, 19% below 2023's actual revenue, and EBITDA of $1.47M, a 6% margin.
2019
11-01
Invested $5.50M
Undated
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Every entry is a real record — click a filename to open the original in SharePoint. Documents in grey are on file but haven't been read yet, so they show as an event without a summary; run the extractor to fill them in. “Significant” marks an update that changes the investment case, as opposed to routine reporting.