Global › United Kingdom › Requex Mobile Tyres UK › Requex UK Deployment Cohort 01
Requex UK Deployment Cohort 01
10 Operator Units · United Kingdom network · Requex UK planning scenario v1, working model, configurable, not guaranteed, never public
Period: month 12Scenario v1Mode rules: Operator 50/25/25 · Managed 50/50GBP ex-VAT
Capital
Cohort 01
Unit 2162
Ledger and DUP
Scenario and recovery
Economic stack
Lifecycle
Rules and modes
Total deployment requirement
£350,000.00
10 units × £35,000.00 ex-VAT
Operator contributions
£150,000.00
£15,000.00 per unit · 42.9%
99 external capital
£200,000.00
£20,000.00 per unit · 57.1%
Committed investor capital
£200,000.00
Illustratively 200 × £1,000.00 via a regulated provider
Investor capital deployed
£190,000.00
£10,000.00 undeployed, unit 2169 at M7
Units by state lifecycle and mode
| State | Units | Deployment | Released |
|---|---|---|---|
| Active, Operator Mode | 8 | £280,000.00 | £280,000.00 |
| Active, Managed Mode | 1 | £35,000.00 | £35,000.00 |
| Deploying, M7 | 1 | £35,000.00 | £25,000.00 |
| Awaiting funding | 0 | £0.00 | £0.00 |
| Replacement required | 1 | in Managed Mode, recruiting | |
| Cohort | 10 | £350,000.00 | £340,000.00 |
Capital by unit attribution to the pound
| Unit | Territory | Deployment | Operator | 99 capital | Mode | Band | Released |
|---|---|---|---|---|---|---|---|
| 21602160.requex.ai | Bristol | £35,000.00 | £15,000.00 | £20,000.00 | Operator | Mature | £35,000.00 |
| 21612161.requex.ai | Swindon | £35,000.00 | £15,000.00 | £20,000.00 | Operator | Established | £35,000.00 |
| 21622162.requex.ai | Bath | £35,000.00 | £15,000.00 | £20,000.00 | Operator | Established | £35,000.00 |
| 21632163.requex.ai | Gloucester | £35,000.00 | £15,000.00 | £20,000.00 | Operator | Mature | £35,000.00 |
| 21642164.requex.ai | Cheltenham | £35,000.00 | £15,000.00 | £20,000.00 | Operator | Building | £35,000.00 |
| 21652165.requex.ai | Taunton | £35,000.00 | £15,000.00 | £20,000.00 | Operator | Established | £35,000.00 |
| 21662166.requex.ai | Exeter | £35,000.00 | £15,000.00 | £20,000.00 | Operator | Mature | £35,000.00 |
| 21672167.requex.ai | Plymouth | £35,000.00 | £15,000.00 | £20,000.00 | Managed | Building | £35,000.00 |
| 21682168.requex.ai | Salisbury | £35,000.00 | £15,000.00 | £20,000.00 | Operator | Launch | £35,000.00 |
| 21692169.requex.ai | Yeovil | £35,000.00 | £15,000.00 | £20,000.00 | Operator | Deploying M7 | £25,000.00 |
| Cohort 01 | 10 territories | £350,000.00 | £150,000.00 | £200,000.00 | £340,000.00 |
Scenario v1 planning case per unit. Real units will differ: contribution is assessed per operator and the external requirement is the remainder. Fixture data.
Three ROI metrics, kept apart
- Unit ROIWhole £35,000.00 unit
- 99 capital efficiencyGross 99 economics vs £20,000.00
- Investor ROICash received vs invested, via provider
Gross 99 economics are never displayed as investor ROI.
Ledger separation
- Customer moneyRequex payments, never 99
- Supplier moneyRequex procurement
- Operator moneySettlement account
- Requex revenue25% of DUP
- 99 revenue25% of DUP, then pool / retained / reserves
- Investor moneyRegulated provider custody
Regulated provider
- AdapterNot yet appointed
- Investor checkoutNone in v1
- StructureUnset; engine models fixed-term, target multiple, declining, perpetual, capital + yield
Units trading
9
8 Operator Mode · 1 Managed Mode · 1 deploying
Revenue, month 12
£141,000.00
ex-VAT, metered from Requex
DUP, month 12
£50,600.00
DUP margin 35.9%
Operator economics
£24,000.00
8 operators, average £3,000.00
Requex economics
£13,300.00
incl. £1,300.00 Managed Mode
99 unit economics
£13,300.00
before pool / retained / reserves
Revenue → gross margin → operating costs → DUP → shares month 12, per unit, DUP first
| Unit | Mode | Band | Revenue | Opex | DUP | DUP % | Operator | Requex | 99 |
|---|---|---|---|---|---|---|---|---|---|
| 2160Bristol · month 12 | Operator | Mature | £20,000.00 | £12,000.00 | £8,000.00 | 40.0% | £4,000.00 | £2,000.00 | £2,000.00 |
| 2161Swindon · month 9 | Operator | Established | £16,000.00 | £10,000.00 | £6,000.00 | 37.5% | £3,000.00 | £1,500.00 | £1,500.00 |
| 2162Bath · month 8 | Operator | Established | £16,000.00 | £10,000.00 | £6,000.00 | 37.5% | £3,000.00 | £1,500.00 | £1,500.00 |
| 2163Gloucester · month 12 | Operator | Mature | £20,000.00 | £12,000.00 | £8,000.00 | 40.0% | £4,000.00 | £2,000.00 | £2,000.00 |
| 2164Cheltenham · month 5 | Operator | Building | £12,000.00 | £8,000.00 | £4,000.00 | 33.3% | £2,000.00 | £1,000.00 | £1,000.00 |
| 2165Taunton · month 8 | Operator | Established | £16,000.00 | £10,000.00 | £6,000.00 | 37.5% | £3,000.00 | £1,500.00 | £1,500.00 |
| 2166Exeter · month 11 | Operator | Mature | £20,000.00 | £12,000.00 | £8,000.00 | 40.0% | £4,000.00 | £2,000.00 | £2,000.00 |
| 2167Plymouth · month 6 · operator exited, Requex employee | Managed | Building | £12,000.00 | £9,400.00 | £2,600.00 | 21.7% | £0.00 | £1,300.00 | £1,300.00 |
| 2168Salisbury · month 2 | Operator | Launch | £9,000.00 | £7,000.00 | £2,000.00 | 22.2% | £1,000.00 | £500.00 | £500.00 |
| 2169Yeovil · deploying | Operator | Deploying | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | |
| Cohort 01 | 9 trading | £141,000.00 | £90,400.00 | £50,600.00 | 35.9% | £24,000.00 | £13,300.00 | £13,300.00 |
Unit 2167 shows Managed Mode: the employee's wage and employer costs (£1,400.00 above the band's normal opex in this fixture) sit above DUP, and the managed DUP splits 50% Requex / 50% 99 with the operator at 0%. Every row is scenario v1 fixture data at the unit's ramp month; nothing is a forecast and nothing leaves the God Portal.
Capital in £350,000.00Released £340,000.00Trading 9 unitsRevenue £141,000.00Opex £90,400.00DUP £50,600.00Operators £24,000.00Requex £13,300.0099 unit economics £13,300.00Pool / retained / reserves per rule, TBD
Unit
2162
2162.requex.ai
Network · territory
Requex Mobile Tyres UK
Bath · protected · demand score 0.74
Vehicle
RXV-0021
Ford Transit Custom L2 H1, 2022 · RX-SPEC-1
Status · mode
Active · Operator Mode
Live 14 October 2026 · month 8 · Established
Deployment capital
£35,000.00
Released £35,000.00
Operator contribution
£15,000.00
Verified 24 August 2026
99 funding
£20,000.00
Cohort 01 · illustratively 20 × £1,000.00
Current operator
Operator 027/99
Assigned 24 August 2026 · Whitfield Tyres Ltd
Month 8 economics DUP first
Revenue ex-VAT
£16,000.00
Band: Established
Operating costs
£10,000.00
incl. replacement reserve
DUP
£6,000.00
37.5% margin
Operator 50%
£3,000.00
settlement, paid by Requex
Requex 25%
£1,500.00
99 25%
£1,500.00
cumulative £8,500.00 of £20,000.00
Milestones capital released against evidence
M1Operator approved
M2Territory approved
M3Operator committed
M4Funding complete
M5Vehicle secured
£19,400.00
£19,400.00
M6Conversion
£9,600.00
£9,600.00
M7Equipment
£3,500.00
£3,500.00
M8Requex provisioned
£1,000.00
£1,000.00
M9Operator ready
£1,500.00
£1,500.00
M10Unit live
14 Oct 2026
14 Oct 2026
Unit lifecycle the unit survives the person
DeployingActive, Operator ModeOperator noticeManaged ModeAsset recoveryRefurbishmentRecruiting replacementNew operator assignedReactivated, Operator Mode
Operator assignments
| Operator | Mode | From | To | End reason |
|---|---|---|---|---|
| Operator 027/99Daniel Whitfield, Whitfield Tyres Ltd | Operator Mode | 24 Aug 2026 | Current |
Cumulative 99 unit economics gross, vs £20,000.00 external capital
| Month | Band | Revenue | DUP | 99 share | Cumulative |
|---|---|---|---|---|---|
| 1 to 3 | Launch | £8,000.00 | £2,000.00 | £500.00 | £1,500.00 |
| 4 to 6 | Building | £12,000.00 | £4,000.00 | £1,000.00 | £4,500.00 |
| 7 to 8 (to date) | Established | £16,000.00 | £6,000.00 | £1,500.00 | £7,500.00 actual · £8,500.00 incl. month 9 plan |
Unit 2162 is 8 months in. Planned path per scenario v1: £15,000.00 at month 12, crossing £20,000.00 at about month 15.
Trading, month 8
- Jobs112
- Average ticket ex-VAT£142.86
- Tyres per job2.1
- Gross margin54.0%
- Downtime days1
Data validation
These actuals feed the cohort curve for month 8 and replace the scenario assumption for this unit.
Unit 2160, Bristol · month 12 (mature) · unit ledger to DUP every line sourced from Requex commerce records
| Line | Source | Rule | Amount |
|---|---|---|---|
| gross_customer_receipts | Paid invoices, 2160.requex.ai | £24,000.00 | |
| tax_vat | Invoice VAT lines | (£4,000.00) | |
| Revenue ex-VAT | £20,000.00 | ||
| tyre_cogs · other_product_cogs | At the Requex wholesale transfer price (supplier £70.00 → unit £78.00 illustrative) | RelatedPartyPricingPolicy, procurement | (£8,400.00) |
| requex_software_fee | Tenant 2160.requex.ai | RelatedPartyPricingPolicy, software | (£200.00) |
| payment_costs | Processor £190.00 + disclosed Requex payment charge £150.00 | RelatedPartyPricingPolicy, payments | (£340.00) |
| fuel · consumables · direct_job_costs | Fleet card, stock | (£1,260.00) | |
| insurance · maintenance · repairs | Fleet allocations | (£760.00) | |
| attributable_marketing · refunds · chargebacks | Campaign and payment records | (£440.00) | |
| fleet_replacement_reserve | Agreed reserve | Reserve rule | (£600.00) |
| Operating expenses | (£12,000.00) | ||
| Distributable Unit Profit, DUP | Never a share of gross receipts | £8,000.00 | |
| operator_settlement | OperatorSettlementRule, Operator Mode: 50% of DUP | (£4,000.00) | |
| requex_share | NetworkEconomicsRule, Operator Mode: 25% of DUP | (£2,000.00) | |
| nn_unit_economics (99) | 25% of DUP | £2,000.00 | |
| investor_distribution_pool | EconomicParticipationRule: TBD | per rule | |
| nn_retained_economics | TBD | per rule | |
| reserves | TBD | per rule |
Scenario v1, working model. The 50/25/25 split, the opex lines and the reserve are configuration applied to metered ledger lines, not code. The participation of investors in 99's 25% is not decided and is not shown as a return.
Managed Mode, unit 2167, month 6 continuity after an operator exit
| Line | Rule | Amount |
|---|---|---|
| Revenue ex-VAT | Band: Building | £12,000.00 |
| Unit operating costs | (£8,000.00) | |
| Employee wage and employer costs | Above DUP in Managed Mode | (£1,400.00) |
| Managed DUP | £2,600.00 | |
| Operator | 0% | £0.00 |
| Requex | 50% | £1,300.00 |
| 99 | 50% | £1,300.00 |
The unit's funding history, attribution, vehicle, territory, tenant and performance data are untouched by the mode change. When a replacement operator is approved the unit returns to Operator Mode.
Requex UK planning scenario v1 parameters, all configurable, brief §30
Unit deployment
£35,000.00
ex-VAT
Operator contribution
£15,000.00
99 external capital
£20,000.00
20 × £1,000.00, illustrative
Mature month
£20,000.00
opex £12,000.00 · DUP £8,000.00 · 40.0%
Operator Mode split
50 / 25 / 25
operator / Requex / 99
Managed Mode split
50 / 50
Requex / 99, operator 0%
Year-1 ramp per unit revenue target by quarter
| Months | Band | Monthly revenue | Indicative DUP | Operator | Requex | 99 | Quarter revenue | Quarter 99 |
|---|---|---|---|---|---|---|---|---|
| 1 to 3 | Launch | £8,000.00 | £2,000.00 | £1,000.00 | £500.00 | £500.00 | £24,000.00 | £1,500.00 |
| 4 to 6 | Building | £12,000.00 | £4,000.00 | £2,000.00 | £1,000.00 | £1,000.00 | £36,000.00 | £3,000.00 |
| 7 to 9 | Established | £16,000.00 | £6,000.00 | £3,000.00 | £1,500.00 | £1,500.00 | £48,000.00 | £4,500.00 |
| 10 to 12 | Mature target | £20,000.00 | £8,000.00 | £4,000.00 | £2,000.00 | £2,000.00 | £60,000.00 | £6,000.00 |
| Year 1 | avg £14,000.00 | £168,000.00 | £15,000.00 |
Gross 99 capital recovery map cumulative gross 99 unit economics against £20,000.00 external capital
| Month | 99 in month | Cumulative | Against £20,000.00 |
|---|---|---|---|
| 12 | £2,000.00 | £15,000.00 | 75.0% |
| 13 | £2,000.00 | £17,000.00 | 85.0% |
| 14 | £2,000.00 | £19,000.00 | 95.0% |
| 15 | £2,000.00 | £21,000.00 | 105.0%, crossing point |
| 24 | £2,000.00 | £39,000.00 | 1.95× gross |
Unit ROI
£96,000.00 DUP / £35,000.00
Mature year, whole unit, before anyone's share
99 capital efficiency
1.95× at month 24
Gross 99 economics vs £20,000.00 external capital, before pool, retained, reserves, costs, tax
Investor ROI
Not modelled
Depends on the eventual instrument; never derived from gross 99 economics
Month 15 is when cumulative gross 99 unit economics exceed the external capital. It is not investor payback, and £20,000.00 a month is a strong mature target, not a launch assumption: a real UK operation reviewed averaged about £11,600.00 a month per van.
Investor structure models engine capability, none approved
| Model | Parameters | What the engine evaluates | Status |
|---|---|---|---|
| Fixed-term participation | Years | Pool share over a term, then 99 retains | Modelling only |
| Target multiple | 1.25× · 1.5× · 2.0× | Participation until aggregate distributions reach the multiple | Modelling only |
| Declining participation | Pre and post recovery percentages | Higher share during capital recovery, lower after | Modelling only |
| Perpetual participation | Share | Ongoing participation | Modelling only |
| Capital plus yield | Return schedule, yield | Capital returned over time plus defined participation | Modelling only |
Network scale, mature state 99 units at the mature month, planning figures, not forecasts
Monthly revenue
£1,980,000.00
Annual revenue
£23,760,000.00
Annual DUP
£9,504,000.00
Operators 50%
£4,752,000.00
Requex 25%
£2,376,000.00
99 25%
£2,376,000.00
investor obligations paid from the appropriate portion
Unit 2160, Bristol · month 12 · economic stack Requex earns at four layers; only the last is the DUP share
Revenue ex-VAT
£20,000.00
168 jobs · avg ticket £119.05 · 350 tyres
Unit costs before DUP
£12,000.00
incl. reserves £600.00
DUP
£8,000.00
40.0%
Total Requex gross economics
£3,050.00
£36,600.00 annualised · illustrative
| Layer | Unit expense | Requex revenue | Underlying cost | Requex gross margin | Policy |
|---|---|---|---|---|---|
| Procurement350 tyres · supplier £70.00 → wholesale £78.00 · market £85.00 | £8,400.00 product COGS at transfer price | £8,400.00 | £7,700.00 landed | £700.00 | Disclosed · v3 |
| Payments£24,000.00 gross processed incl. VAT | £340.00 | £150.00 Requex payment charge | £190.00 processor | £150.00 | Disclosed · v2 |
| SoftwareTenant 2160.requex.ai, Fixer, booking, messaging | £200.00 | £200.00 | allocated platform cost | £200.00 | Disclosed · v1 |
| Network participation25% of DUP, Operator Mode | £2,000.00 of DUP | £2,000.00 | £2,000.00 | Scenario v1 | |
| Total Requex gross economics | £3,050.00 |
Six numbers, never collapsed: unit expense, Requex revenue, Requex gross margin, Requex DUP participation, total Requex gross economics, Requex net profit (after central costs, not shown here). The unit still buys tyres £7.00 under the independent market price: Requex creates value before it takes margin.
Participation, month 12 after the four layers above
| Party | Basis | Amount |
|---|---|---|
| Operator 019/99 | 50% of DUP | £4,000.00 |
| Requex | 25% of DUP (plus £1,050.00 in the layers above) | £2,000.00 |
| 99 unit economics | 25% of DUP | £2,000.00 |
| Investor allocation | EconomicParticipationRule, TBD | per rule |
Related-party pricing governance
- Policies in force3 (procurement, payments, software)
- Pricing methodCost basis + capped markup, market reference
- Change controlApproval required, versioned, audited
- DisclosureEvery charge on the operator's statement
- Out-of-policy chargesCannot post to the unit ledger
Requex may earn disclosed margins on what it supplies. No charge may be moved to reduce operator, investor or 99 participation.
Procurement transaction record
- Supplier invoice£70.00
- Requex landed£71.20
- Requex wholesale£78.00
- Unit retail£112.00
- Requex margin£6.80
- Unit retail margin£34.00
- Rebates, credits, bonusesTracked per line
What the operator sees
The same lines, in the same order, on their own dashboard: revenue, product costs, software fee, payment fees, fuel, insurance, maintenance, marketing, other, reserves, DUP, their 50%, Requex 25%, 99 25%. No black box.
Unit 2160, Bristol · 36-month lifecycle incubation, seasoning, graduation, next state
Incubation
Month 12 of 36
Started 1 Sep 2025 · target end 31 Aug 2028
Operator status
Seasoning
Vesting per Operator Agreement, TBD
Investor maturity
Month 12 of 36
Call or buyout right at ~month 36, TBD
Next alert
Month 24
then 30, 33, 36
CapitaliseLaunchOperateSeasonGraduation or buyoutNext state
Year-3 decision engine, projected at month 36 illustrative inputs from scenario v1, nothing decided
| Path | What happens | Operator | Requex layers | Requex DUP | 99 / group | Status |
|---|---|---|---|---|---|---|
| Keep operatorRENEW_OPERATOR | Renew the owner-operator, unit stays in Operator Mode | 50% DUP, £48,000.00 a year at mature | £1,050.00 a month | £24,000.00 a year | £24,000.00 a year | Modelled |
| Buy out and employREQUEX_BUYOUT → EMPLOYEE_OPERATED | Graduation value paid; fitter employed at £3,000.00 fully loaded; revenue haircut assumed | Graduation value 0.5× to 1.0× trailing earnings: £24,000.00 to £48,000.00, modelled only | £1,050.00 a month, less if revenue falls | Managed unit profit £5,000.00 a month (not £8,000.00), split by group rules once external participation is bought out | Modelled | |
| Graduate to multi-unitMULTI_UNIT | Operator rolls graduation value into units 2 and 3 in adjacent territories | 50% DUP across 3 units | 3 × layers | 3 × 25% | 3 × 25% | Modelled |
| Graduate independentGRADUATE_INDEPENDENT → Requex customer | Operator leaves with graduation capital, starts own business, keeps Requex ERP, payments, procurement | Graduation value + own business | Software, payments, procurement continue | Unit re-let to a replacement operator | Continues on the unit | Modelled |
| Unit ownership optionOPERATOR_OWNED | Operator acquires defined rights at a contractual valuation | Owner | Software, payments, procurement continue | Per contract | Per contract | Conceptual |
Decision inputs at month 30 to 36
- Trailing 12-month revenue · DUP£240,000.00 · £96,000.00
- Operator earnings · performance£48,000.00 · top quartile
- Retention · reviews · territory growthFrom Requex data
- Operator contribution balance£15,000.00
- Employee replacement cost · revenue haircut£36,000.00 a year · scenario parameter
- Investor obligations · 99 buyout requirementPer instrument, TBD
- NPV per pathEngine output
- Management recommendation · approved next stateRecorded with reasons
Graduation value models
- Contribution multipleParameter
- Trailing earnings multiple0.5× · 0.75× · 1.0×, test only
- Fixed · performance · vested · milestoneParameters
- Independent fair valueExternal
No formula is approved. These test affordability and incentives.
Investor participation buyout models
- Fixed multiple · trailing distributionsParameters
- Trailing attributable earningse.g. 3 × TTM, a contractual formula, not market value
- Fixed redemption · target multiple · fair valueParameters
Call right, buyout right, redemption right, participation buyout. Never "clawback".
External vs group economics
- ExternalOperator, investors, third parties
- GroupRequex, 99 Operators, SOIS
- After buyoutsGroup-retained unit economics approach the residual; internal allocations kept
The lifecycle raises legal questions that software must not answer: operator status, the character of the contribution, compulsory or optional buyout rights, securities regulation, valuation methodology, customer ownership, restraint provisions, related-party pricing, tax. This tab is a modelling surface.
Performance bands by monthly revenue, configurable
Launch£0 to £8,000.00
Building£8,000.00 to £12,000.00
Established£12,000.00 to £16,000.00
Mature£16,000.00 to £20,000.00
Above target£20,000.00+
Rule sets in force versioned, effective-dated, scoped network → opportunity → unit, bound to mode
| Rule | Mode | Scope | Basis | Value | Status |
|---|---|---|---|---|---|
| OperatorSettlementRule | Operator Mode | Requex Mobile Tyres UK | Distributable Unit Profit | 50% | Scenario v1, working |
| NetworkEconomicsRule | Operator Mode | Requex Mobile Tyres UK | Distributable Unit Profit | 25% | Scenario v1, working |
| 99 unit economics | Operator Mode | Requex Mobile Tyres UK | Distributable Unit Profit | 25% | Scenario v1, working |
| OperatorSettlementRule | Managed Mode | Requex Mobile Tyres UK | Managed DUP | 0% (employee costs above DUP) | Scenario v1, working |
| NetworkEconomicsRule | Managed Mode | Requex Mobile Tyres UK | Managed DUP | 50% | Scenario v1, working |
| 99 unit economics | Managed Mode | Requex Mobile Tyres UK | Managed DUP | 50% | Scenario v1, working |
| EconomicParticipationRule | Both | Cohort 01 | 99 unit economics | Pool / retained / reserves: unset | Awaiting legal structure |
| DUP definition | Both | Network | Revenue ex-VAT less the approved expense lines and the replacement reserve | Line list per brief §5 | Scenario v1, working |
| Contribution rule | Network | Operator contribution | Planning case £15,000.00; assessed per operator; minimum and affordability configurable | Scenario v1, working | |
| Milestone release schedule | Network | Deployment requirement £35,000.00 | M5 vehicle, M6 conversion, M7 equipment, M8 provisioning, M9 onboarding | Scenario v1, working |
Working model, not terms. Nothing here is a guaranteed operator earning or an investor return, and the operator's legal status is for specialist review, not for these labels.