Anesco is one of the fastest growing businesses in the UK and is pioneering a new approach to renewable energy in the UK. Starting life in 2010 as a joint venture between UK power utility group SSE and Zouk Ventures, Reading-based Anesco twice topped the Sunday Times Fast Track league table (in 2013 and 2014). In 2016 it headed the Sunday Times Profit Track 100 list having grown its operating profits by an average 179% a year since 2012, reaching £21 million in 2015 from sales of £160 million. In the financial year 2016/17, its profits reached £24 million from £213 million of sales.
Working with businesses, housing associations, local authorities and homeowners to reduce their carbon emissions, the company provides a complete turnkey service from energy audits through to recommendations and the installation of energy efficiency measures and renewable technologies. It also provides capital funding plans and ongoing monitoring and maintenance services to its customers.SEP invested first invested in the business in 2011 before increasing its stake in 2013 alongside Hermes, together acquiring Zouk’s stake. CBPE Capital then bought these stakes in November 2014 before selling its investment in May 2017.
WINNER OF THE BVCA MANAGEMENT TEAM AWARDS 2015
Backers Zouk Capital: 2010 - 2013SEP: 2011 - 2014Hermes GPE: 2013 - 2014CBPE Capital: 2014 - 2017
SEP | CASE STUDIES: ANESCO
CBPE CAPITAL | PORTFOLIO: ANESCO