Love Energy Savings bank £4.5m investment deal given by NVM.
Love Energy Savings (LES) are thrilled to announce their latest £4.5 million investment deal received by NVM Private Equity.
As the leading energy price comparison company we’re set to storm the energy market over the upcoming months with plans to plunge NVM’s investment into expansion.
As a Bolton-based operation and with 55 energy experts the expansion suddenly means more jobs are going to be created for the local community. We’ll be growing our management team, building on the talent currently employed and will soon be seeking new potential to support the large-scale development. Meaning our head count will treble over the next 12 months.
With 16,000 existing customers, we’ll remain to concentrate on delivering straightforward energy comparison via our in-house platform that assists SME customers with their switching process. Projections suggest one million SMEs are thought to switch their energy tariffs in the near future.
Our MD, Phil Foster, said the substantial investment from NVM will allow us to deliver our ambitious growth plans creating an extremely positive knock on effect in the wider community.
He also added “I’m very excited about the future of Love Energy Savings. Having a reputable investment firm on board will provide us with a catalyst to reach out to every business, allowing them to make smarter choices regarding their energy at contract renewal, in a simple and transparent way, meaning we’ll be able to continue offering SME’s more profit through savings.”