Home Lancashire News Acquisitions fuel Inspired Energy growth

Acquisitions fuel Inspired Energy growth

Kirkham based, Inspired Energy, has announced that it has achieved positive growth in revenue, profits and cash generated from acquisitions for the year ending 31 December 2018.

2018 saw Inspired Energy acquire four companies: Inprova Finance Limited, Squareone Limited, Systemslink 2000 Limited, Professional Cost Management Group Limited and Energy Cost Management Limited, significantly increasing the group’s position as a UK market leader.

Mark Dickinson, CEO of Inspired Energy, said: “2018 has seen the acceleration of our next growth phase with five complementary and value-enhancing acquisitions completed, whilst the Group has continued to deliver sustained organic growth in the Corporate Division.

“These acquisitions have materially increased the Group’s client meters under management (units of opportunity) and we continue systematically engaging with clients to quantify the cross-selling opportunities and increased accessible revenue at each meter point.

“We remain focused on delivering our core financial, operational and strategic objectives, whilst simultaneously broadening the service offering for our clients, to help them to optimise the value of every pound spent on utilities.

“Inspired Energy had an excellent 2018 and I am confident that 2019 will be another year of significant progress for the Group, with trading in line with expectations.”