Sustainability consultancy eyes growth following £500k backing
A Merseyside energy and sustainability consultancy has raised £500,000 from NPIF II-Mercia Debt Finance – managed by Mercia Debt as part of the Northern Powerhouse Investment Fund II (NPIF II) – to fuel its growth plans.
Inteb, which boasts high profile clients including AstraZeneca, American Golf, British Land, Bupa and the Royal Albert Hall, advises businesses on ways to improve sustainability, reduce energy costs and comply with energy and environmental standards.
The company has started to carry out projects such as the installation of solar energy systems, LED lighting and energy efficiency improvements, and is now looking to expand this capacity, enabling it to offer a complete end-to-end service.
Inteb has more than doubled its turnover in the past three years to £3.6m and increased staff numbers from 21 to 33.
Founded in 2004, the Birkenhead-based business expects to achieve 25% year-on-year growth over the next four years and create 20 additional jobs. Its latest growth drive follows a recent management buyout which gave control of the business to a four-strong team led by the existing Managing Director, Tom Kelly.
He said: “For 20 years our team of surveyors, consultants and engineers have been providing expert advice on ways to save energy or improve sustainability and Inteb has become a trusted partner to many clients.
“However, until recently, they have had to find separate contractors to carry out some of the sustainability improvement work we have proposed as consultants.
£By having the ability to implement and manage projects ourselves, we can offer our clients a complete service. The NPIF II funding will provide additional working capital to enable us to expand our team and fund work in progress on these more costly capital projects.”
Gary Whitaker, of Mercia, said: “Inteb is unusual in that it not only helps clients with energy procurement but also advises on reducing energy use and improving sustainability, and it is now extending its service even further.
“This, together with wider market trends, such as businesses’ efforts to improve their ‘green’ credentials, deal with volatile energy prices and the impact of energy ratings on property valuations, is expected to drive further expansion in the future.”
Brian and Duncan McCann, of Shareholder Strategies, provided fundraising advice to Inteb.
