Outstanding growth in profits has seen energy efficiency solutions company Anesco top the Sunday Times Profit Track 100, ranking at number one in its first year of appearing in the list.
The high profile listing ranks Britain’s top 100 private companies with the fastest-growing profits over the last three years. Anesco enters the table having grown its operating profits by an average 179% a year since 2012, reaching £21m in 2015 from sales of £160m. This was up from 2012 when profits were £1m. A further increase in both sales and profits is expected in the company’s latest financial results.
With a head office based in Reading, Berkshire, Anesco employs in excess of 150 permanent members of staff, and up to 600 contractors and 103 supply chain partners and logistics staff employed at any one time. The company has helped to take over 275,000 people out of fuel poverty and the renewable technologies it has deployed are now generating over 500MW of power.
Commenting on the listing, Adrian Pike, Anesco CEO, said: “To appear in the Profit Track 100 for the first time is thrilling, but to be at number one is something else. As an organisation we continue to experience sustained growth and this is thanks to the hard work and dedication of our team, who remain committed to making a difference and to reducing carbon.”
He continued: “Anesco has always been at the forefront of the UK’s energy efficiency sector, successfully opening up new markets and bringing the latest cutting-edge innovations from across the globe to our customer base.
“This includes being first to introduce commercial scale battery storage, with our first unit installed in 2014 and ten more put into operation since then. We were also first to roll out residential battery storage solutions and to launch the ESCO model in the UK, which offers organisations fully funded energy efficiency solutions.
“We’re also passionate about supporting local people and local communities. Through our projects we’re creating jobs, both locally and through the supply chain. Our charitable trust continues to work closely with local schools and colleges in the region to help educate the next generation. We’re also proud to be supporting community energy projects across the country that are making a difference on a local level.”
Just last month Anesco constructed two community solar farms that will benefit the communities around them by injecting a portion of money generated from the sale of power to nearby charities and groups. The multi-million pound projects, led by Stratford Community Energy and Chesterfield Community Energy, can be invested in by members of the public through the purchase of solar bonds.
Anesco is recognised as one of the top 100 cleantech firms in the world and has been highlighted as one of the top 250 firms in the country. The organisation was named the country’s fastest growing private company two years in a row and its senior team has been named BVCA management team of the year for three years running – an achievement never before seen in the history of the awards.