Call our team +44 (0) 207 566 3939

BLOG

BGF backs Green Energy firm Ecovision with £3.6m funding

Business Growth Fund backs Green Energy firm Ecovision with £3.6m funding

The BGF (Business Growth Fund) has invested heavily into the sustainable energy producer and install Ecovision. The BGF backed Ecovision with over £3.6 million worth of funding.

Ecovision is an installer of heat pumps, biomass boilers and solar panels. Founded in 2005 Ecovision has become one of the UK`s leading sustainable energy installers. The company has installed over 5,000 systems across the UK and it is now predicted to increase revenue to over £20 million in the current year.

In May this year, Ecovision sold its Photovoltaic system to the well known insurer Aviva, which gave an excellent return for its investors.

It has since decided to increase its interest in Hassle Free Boilers, this is an eco-friendly boiler which can greatly reduce energy costs with savings of over £300 per year. The advantage of the hassle free boiler is that there are no upfront costs, the consumer pays on a monthly basis for the service and maintenance.

The BGF`s funding is designed to increase the scope and range of the services, helping the company to rely on increased contract revenues. There are also plans to increase the businesses Air Source Heat Pumps, which are designed to replace the energy from usual household heaters.

Ecovision was founded by Peter Randall; Peter was one of the founders of Telco-ISP, which sold for $250m before the company merged with Tiscali. Peter said he is delighted to be working with the BGF who are providing the company with much needed with growth capital and access to expert networks.

If you are thinking of forming a company Your Virtual Office London can help get your business up and running. We provide business start-up services, from company formation to mail forwarding addresses, whatever your need get in touch with us today.

Related Category Posts

Your UTR Number Explained

Your UTR Number Explained

When you’ve fulfilled the necessary steps to completing your business registration, including obtaining a registered office address and filing all relevant documents, you’ll have to identify and understand a plethora of important terms. And one of these...

read more
What Is the Right Business Partnership for You?

What Is the Right Business Partnership for You?

What Is the Right Business Partnership for You? When you’re starting a new company, you can either form a business partnership or try growing your business alone by becoming a sole trader.  If it’s not the latter, then it’s vital for you to understand the various...

read more
What Is Companies House?

What Is Companies House?

What Is Companies House? Your business idea has been conceived. A business address has been finalised. And now your business plan is put into practise. Throughout all these stages, the most important, and constant, body/organisation you’ll be dealing with...

read more

Capital Office Ltd is registered in England and Wales: Registered Address: Kemp House 152 – 160 City Road London EC1V 2NX

Company Number: 06294297 | VAT No: 976201416 | ICO No: ZA084808 | Anti-money laundering registration number: XZML00000125126

© Copyright 2019 Capital Office Ltd - All Rights Reserved

Please click here to view the latest businesses using our address without authorisation.