MBO at finance firm helping homeowners looking to insulate their homes

The CEO and founder of Improveasy, a home improvement finance and funding specialist, has completed a management buyout for a controlling stake in the business.

Austin Barcley along with Chris Antrobus and Jeff Poole is now aiming for continued growth for the Altrincham-based business.

Corporate finance expert Michael Berger has also joined the company as a new board member.

Improveasy enables homeowners to make home improvements by accessing various forms of government funding and/or flexible payment options.

It also provides nationwide funding via Improveasy enables homeowners to make home improvements by accessing various forms of government funding the Energy Company Obligation (ECO) scheme designed to help homeowners install energy-efficient heating and insulation measures into their homes and has a current funding budget of £1bn per year through to 2026 supporting low-income and vulnerable households.

New investment means Improveasy is now able to provide 48-hour payment terms to installers, which it says is attracting new business to the company.

The company is also launching a new product later this year aimed at helping homeowners to reduce their energy bills but also improve the EPC (Energy Performance Certificate) rating of their property.

Michael Berger said: “Their solutions across both ECO grant funding and consumer loans will make a key difference in the improvement of average UK domestic EPC ratings, with the government currently aiming for as many homes as possible to be rated band C or above by 2035.

“The entire team is committed to making a difference whilst also being one of the standout high growth companies in the ESG space.”

Fieldfisher, provided Regulatory DD, Legal DD and Corporate Advice.

Tom Ward, Fieldfisher’s Corporate Partner, added: “Improveasy has built a robust business with strong revenues and has good potential to scale significantly in light of the renewed ECO4 scheme and the UK Government’s commitment to fund a £1bn per annum budget.”