The company has established a strong position as one of the UK’s largest distributors of offgrid power equipment. This has proven a strong starting point from which to move forward onto new ventures in the larger on-grid renewables sector, which the company has recently started to explore to considerable success.
Products offered by the company include solar PV systems and accessories, batteries for a wide range of vehicles, and battery storage systems.
Operating nationwide, the company supplies customers from a wide range of industries, including mobile security, construction site facilities, and automotive. Approximately 80% of revenue is generated from circa 1,500 B2B customers, which provide a high volume of repeat custom, with the remainder generated direct from consumers via an e-commerce website.
The shareholders are offering the business for sale as they wish to realise the assured wealth derived from the value of the existing business, whilst facilitating growth under new ownership.
| Turnover (£'000) | Adjusted EBITDA (£'000) | |
|---|---|---|
| 2022 (Actual) | 14,223 | 645 |
| 2023 (Actual) | 15,625 | 904 |
| 2024 (Actual) | 16,278 | 675 |
| 2025 (Forecast) | 18,000 | 715 |
| 2026 (Forecast) | 20,000 | 875 |
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