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Wood fuel processing & renewable energy hub

Reference
S6307
Turnover
£10m to £25m
Sector(s)
Electricity, gas & water supply, Miscellaneous, Retail & wholesale
Region(s)
UK Wide
Added
15 July 2019

Business description

Project Spire is a biomass fuel and low-carbon renewable energy hub based in the south of England, which specialises in generating renewable electricity and producing high-quality biomass fuels for the wholesale and industrial markets.

The company utilises its state-of-the-art property, plant and long-term renewable accredited equipment to produce low-carbon energy from sustainable sources all year round.

The business currently supplies several in demand biomass fuel products which have generated a robust source of income YoY.

Financials

  • Solid YoY earnings and growth after CAPEX considerations.
  • Total assets for the company during FY18 hit circa £12m.
  • A net asset position of circa £5.9m which is to yield greater income in the near term.
  • Turnover has risen YoY since inception with further increases expected during FY19.
  • Additional capacity to expand production facility and further develop on the supply of biomass fuels and low-carbon energy into established supply chains and markets.
  • The ability to become a significant distributor of renewable energy in the short- to medium-term.

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