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Inspired Energy plc

Inspired Energy pushes to consolidate energy advisory with more acquisitions

Snapshot

Inspired recently acquired Inprova Finance Limited, Waterwatch UK, and a large stake in Ignite Energy, and it says there's more where that came from

Inspired Energy plc -

Quick facts: Inspired Energy plc

Price: 15.75 GBX

Market: AIM
Market Cap: £112.45 m
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What Inspired Energy does

Inspired Energy (LON:INSE) is an energy consultancy, which aims to take the headache out of energy procurement for big users, selecting the best deals, helping to cut consumption and digitising the whole process.

Also referred to as a Third Party Intermediary (TPI), it works mainly with commercial, industrial and public sector organisations to give advice on procurement, energy accounting, supply chain management, audit, optimisation and strategy.

Inspired has a ‘buy and build’ growth strategy, and keeps a keen eye on acquisition opportunities to help it expands its geographic spread, add technical capabilities, and become more efficient within the growing market, after racking up five purchases in 2018 including Inprova Finance Limited for £19.5mln.

Since September, it’s also bought water auditor Waterwatch UK for £500,000, as well as a 40% stake in Ignite Energy with the option to wholly acquire stretching into 2021.

Inspired isn’t slowing down either – in October, Inspired added £60mln revolving credit facility with existing bank Santander and new lender Bank of Ireland.

The company has a market value of £101.7mln, with shares trading at 14.25p as of November.

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What the boss says

In September, Mark Dickinson said that with revenues up 33% to £21.6mln and profit before tax soaring 55% to £3.2mln in the six months to the end of June, trading is going "in line with expectations".

Dickinson said Inspired has a "very strong buy and build strategy", using M&A to "build capability and also to consolidate a highly fragmented space" in which the company currently has "about a 13% market share".

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Inspired Energy boss shoots for further market reach

Inspired Energy (LON:INSE) updates Proactive London on where their energy advisory business sits within the power sector. CEO Mark Dickinson explains how his company takes the headache out of energy procurement for big users, selecting the best deals, helping to cut consumption and digitising...

on 6/9/19

2 min read