STRENGTH-TO-STRENGTH: Lancashire-based energy group reports massive leap in profits

MOMENTUM: Janet Thornton
MOMENTUM: Janet Thornton
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Lancashire-based energy procurement company Inspired Energy has reported a massive leap in profits as the group goes “from strength to strength”.

The Kirkham-based group reported 2014 revenues up 42 per cent to £10.8m and pre-tax profits up 70 per cent £2.98m.

Commenting on the results, Janet Thornton, managing director, said: “Inspired went from strength to strength in 2014 with the Corporate division delivering exceptional results, achieving significant new customer wins whilst maintaining high customer retention levels which has resulted in a strong uplift in revenue and order book sales.

“This momentum has continued into 2015. The momentum gained in the second half of 2014 in the SME division as a result of organic growth and strategic acquisitions, has continued, with the division outperforming our expectations in the current year.”

Inspired’s Corporate Order Book grew 27 per cent to £14 million.

Headcount increased by 56 per cent to 103 staff as a result of investment in both divisions and SME acquisitions

Janet added: “Businesses in both the larger corporate arena and SME’s increasingly look to energy consultancies to help them with their energy procurement negotiations and strategies.

“On behalf of the Board, I would like to thank all of the Inspired team for their hard work over the past year, and we look forward to another exciting year of growth and development of the Group.”

Chairman Bob Holt said: “The current year has started well and the Group is trading ahead of Board expectations in the early part of the year.

“We entered 2015 in an excellent position and with confidence for the year ahead.”