Renewables business surpasses £40m turnover with tenth strategic acquisition

Cleantech business Green Building Renewables’ tenth acquisition has seen it pass the £40m turnover milestone as it continues its expansion across England.

Crawley-based Doré Woodman has joined York-headquartered Green Building Renewables’ nationwide network of experts, allowing the company to grow further into Kent, Surrey, and Sussex. Doré Woodman serves residential clients and specialises in heat pump installations. 

Since 2021, Green Building Renewables, which is nominated for two awards at this month’s Yorkshire Business of the Year Awards, has increased its turnover more than tenfold from £3m to over £40m.

Staff numbers have risen from 18 in its York office to over 200 across its 14 regional bases in England. 

The UK government has a solar target of 70GW by 2035. Green Building Renewables explains its growth in the last two years reflects the increasing demand for domestic and commercial solar power.

At the same time, it notes a fluctuating market has seen the demand for low carbon and more efficient heating solutions increase. 

Green Building Renewables aims to deliver efficient, reliable, cost-effective renewable solutions, including solar and heat pumps, to the domestic and commercial sectors across the UK.  

It plans to be the largest installer of domestic renewable technology by 2025, with a turnover of £100m. 

Managing director Chris Delaney, who is nominated for three awards at the Yorkshire Leadership Awards, said: “Our tenth acquisition and surpassing the £40m turnover mark is a double milestone for the company and a great start to the year.

“Everyone within the business can be extremely proud of our achievements in the last two years.  

“We have grown our reach and expanded our coverage across England. Our ambitions for 2024 are even bigger as we aim to have full coverage of England. We welcome Ben Freeman and the team at Doré Woodman to ours.”   

Ben Freeman, founder of Doré Woodman, added: “From the outset of our discussions, it was clear Green Building Renewable is creating something unique.

“Its model of a nationwide network, based on local installers, is exactly what this market needs and aligns with our own core-beliefs.

“Unlike conventional heating systems, heat pumps require extensive design, installation and commissioning capabilities coupled with a supportive, customer-driven mentality.

“Our full-system approach links the many different renewable systems into one bespoke solution, thereby ensuring a streamlined, efficient process to deliver the perfect outcome and a best-in-class customer experience.”

Green Building Renewables recently appointed Chris Joubert as its new merger and acquisition director.

He said: “Doré Woodman is the perfect example of the calibre of company that we want to join Green Building Renewables and to help expand its network.

“While I can’t take responsibility for bringing this acquisition on board, it is a perfect blueprint for the type of business I will be looking for and aiming to get into the company’s nationwide network.”