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Renewable & clean energy solutions

Reference
S12636
Turnover
£5m to £10m
Sector(s)
Electricity, gas & water supply, Engineering, Service industries
Region(s)
UK Wide
Added
25 June 2025

Business description

Project Spica is a specialist distributed engineering firm that provides turnkey energy solutions for commercial and industrial sectors, handling projects from design and installation to operation and maintenance.
The company utilises a unique energy-as-a-service financial model, allowing clients to design and maintain on-site energy systems without upfront costs.
To support its service offering, the business has established a robust supply chain, partnering with solar PV providers and a battery energy storage manufacturer in China.
Our clients are now seeking investment to facilitate further development under the impetus of their evolving MicroGrid offer.
Offers invited.

Highlights

  • Works with multiple large organisations and local councils across the UK.
  • 90% of annual turnover is secured through multi-year energy service contracts.
  • Generated circa £1.2m in recurring revenue in YE24.
  • Is an approved supplier of state-of-the-art power generation systems.
  • Manages 28, 15-year Energy Service contracts, which take an average of seven years to run.
  • Operates from leasehold premises.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2024 (Actual) 5,702 720
  • Generated a turnover of £5m in YE24, with an adjusted EBITDA of £720k.
  • 620% growth in turnover between YE21 and YE24.
  • Embarked on a programme of adding Solar PV and BESS across the existing portfolio of 28 CHP Sites.
  • First energy procurement contract converted and expected to roll out across the customer portfolio.
  • Benefits from continued and steady growth in the CHP and renewable energy sectors, which are anticipated to grow at CAGR rate of 7.6% and 17.2% respectively.

Opportunities

Prospective purchasers

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