News Archive

Anesco announces the retirement of its founders

Tim Payne and Adrian Pike

Today Anesco announces the retirement of Adrian Pike, CEO, and Tim Payne, COO, who founded Anesco in 2010.

Since Anesco was spun out of SSE, the organisation has seen impressive annual growth and it secured investment from CBPE in 2014. Anesco has just completed another record year to March 2016 with revenue of £213m, EBITDA of £25m and strong cash generation.

The company has always been focused on succession planning and staff development, and was the youngest company ever to be awarded Investors in People Gold, going straight in at gold on its first assessment.

Adrian Pike commented: “The past 5 years have been amazing for the organisation. It has been a real team effort and we’ve always been extremely focused on people development and succession planning at all levels. The time is now right to hand the reins over.”

Ian Moore, CBPE said “Adrian and Tim have built a great business at Anesco. We have been working with them since we invested to identify and develop a management team to drive the future growth of the business and are excited about Anesco’s future.”

Steve Shine, Executive Chairman, who has worked with Adrian and Tim for the past four years, said: “It has been a very exciting time and the growth of the company has been outstanding. They leave the business in great shape and I look forward to the next phase of Anesco’s growth, in an ever changing but opportunistic market.”

Adrian and Tim will remain on the Board until the end of May. Adrian will remain a significant shareholder and have a part time advisory role to provide consultancy to the Board and investors for the next 12 months.

Anesco ranked number one in the Sunday Times Profit Track 100

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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.

To find more about the community solar farms it has been working on recently visit stratfordcommunityenergy.co.uk and chesterfieldcommunityenergy.co.uk

Anesco constructs solar farm that will support local community in Stratford-upon-Avon

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National energy efficiency solutions company Anesco has played a key role in a ground-breaking new community solar farm near Stratford-upon-Avon, which will provide a long term funding stream for local charity groups over the next 25 years.

The company has constructed a brand-new solar farm near Stratford-upon-Avon for Stratford Community Energy, which will generate 4,696 MW hours of electricity per year – enough energy to power around 1,400 homes. Covering 11.8 hectares of former DEFRA land, the site is already generating electricity into the National Grid.

Surplus profits from the sale of power will be fed into a community fund that directly benefits local people. Local projects and charities that will benefit include The Stratford Hospital Appeal, which is aiming to raise £1 million to pay for the world class facilities and enhancements for new Cancer and Ophthalmology services that have not previously been available locally. It will receive £125,000 from Stratford Community Energy over the next 25 years. Welford on Avon School, based five miles from the solar site, will also benefit, receiving a windfall of around £2,000 a year.

Members of the public are invited to purchase solar bonds offering a return of 5% per annum that is paid every six months for the initial three year term.

The solar farm is one of only two community energy projects in the country that will benefit from being connected to a battery storage unit. A 1000 kW / 1200 kWh Energy Storage System (ESS) will be installed on the site – Anesco’s 10th installation of such a system in the past few years – meaning the energy generated can be stored and released when it is most needed.

As a renewable power source the solar farm is expected to reduce the region’s carbon emissions by up to 1,800 tonnes per year.

Delvin Lane, commercial director at Anesco, said: “It’s been incredibly rewarding supporting a project that’s not only benefitting the environment but also the local community. The groups Stratford Community Energy has chosen to support are doing fantastic work and we know they will put the funding to very good use.

“It’s also rewarding to know that the site, which was an old DEFRA site, is now in the business of green energy, helping to drive down carbon emissions and create a better future for everyone. To date in schemes up and down the country, Anesco has helped to take over 275,000 people out of fuel poverty. The renewable technologies it has deployed are now generating over 500MW of power.”

In addition to being appointed by Stratford Community Energy to install the solar array, Anesco has been brought on board to operate and maintain it over the next 25 years.

Stratford Community Energy is funding the Stratford Solar Array through the sale of £3.8m of bonds, which can be purchased by the public, and its debt partner, Close Brothers.

The solar bond offer will remain open until the maximum sum has been reached, or until 31st May 2016.