Profits soar at Anesco

LPG_130419_Anesco_0074The UK’s leading energy efficiency solutions provider, Anesco, has announced a 50% growth in revenue, with turnover hitting £160million and an EBITDA of £21million in the last financial year.

The Reading-based company, which works with businesses, local authorities and homeowners to reduce their carbon emissions, now forecasts that sustained growth will soon see turnover exceeding £200million.

Along with its impressive results the firm’s workforce has swelled to in excess of 150 permanent members of staff, with up to 600 contractors and 103 supply chain partners and logistics staff employed at any one time.

Anesco provides companies with a comprehensive energy service from audits through to recommendations, installations and capital funding plans. The team provides a complete turnkey service, from insulation solutions to solar PV, ground source heat pumps, LED street lighting and battery storage, through to micro generation design, installation and maintenance.

The renewable measures it has deployed are now generating enough power for more than 150,000 homes, cutting emissions by over 170,000 tonnes of carbon per year and helping raise over 135,000 people out of fuel poverty.

According to CEO Adrian Pike, the company’s success is down to employing the best people, listening to customers’ needs, having a solutions-led business model and taking a global approach to innovation.

“Anesco has been challenging and driving forward the UK energy efficiency sector since the day it was founded,” commented Adrian.

“We take a holistic view of energy efficiency and continue to break new ground, achieving industry firsts at every turn. From introducing the first fully funded biomass and solar PV offering, to installing the first utility scale battery storage units in the UK and the most advanced residential energy storage units currently on the market.”

He continued: “Our ground breaking ESCO model continues to help organisations to make improvements without the need for capital outlay, while our unique AnescoMeter maintenance system is now monitoring 300MW of renewable assets, ensuring they operate at their optimum level.

“We have also set up the Anesco Charitable Trust, which works with the local communities where we deliver our projects. The aim of the Trust is to promote energy efficiency and raise awareness and a key part of this is achieved through developing relationships with local schools and colleges.”

Anesco’s impressive results have seen it named the UK’s fastest growing private company for a second year running by Sunday Times Virgin Fast Track 100, after achieving growth of 375% over its latest three years.

The senior team was named BVCA venture capital backed management team of the year in 2013 and again in 2014, with the finance team being awarded Finance Team of the Year in the large business category of the coveted Business Finance Awards 2015.

It was also the youngest company to ever achieve Investors in People gold standard, going straight in at gold on its first assessment and is one of the youngest companies ever to achieve a RoSPA Gold Award for occupational health and safety.

Adrian added: “We have forged relationships with manufacturers across the globe, including Europe, the US and Asia, to see how products and innovations can best be developed and deployed for the UK market. Focusing on innovation and being first to bring new technologies and models to the UK energy efficiency market has played a key role in our success.

“Most importantly we have helped to raise over 135,000 people out of fuel poverty while helping to reduce the UK’s carbon emissions.”