Inspired Energy powers on in strong first half
INSPIRED Energy, the Lancashire company providing energy procurement consultancy services to businesses has announced a maiden interim dividend after a strong half-year.
The group said revenues in the six months to June 30 rose 65% to £3.5m, while pre tax profits came in at £800,000, an uplift of 60%.
EBITDA was 49% ahead at £1.6m. Investors will receive 0.05p per share dividend.
Managing director Janet Thornton said she was pleased with progress – the period saw a record six months of corporate order book sales of £4m, an increase of 18%
She said: “I am delighted by the strong performance the group has delivered across both the corporate and SME divisions in the first half, traditionally the quieter half for the business.
“The business is performing very well with the order book growing by £1m during the period to circa £9.9m. We have started the second half at pace and believe we are in a strong position to deliver further growth for the full year.”
New clients recruited by the Preston firm included Oxford Instruments Castings, Kemira Chemicals and Esterform Packaging, while client retention levels are more than 75%.
Chairman Bob Holt said Inspired had established an “excellent platform” on which to build, be it organically, or by acquisition.
