Highdorn Co. Limited
With a large portfolio of over 700 electricity and gas meters, the company needed support securing competitive prices and tenant services.
Highdorn Co. Limited is a property management company which provides property management services within the Freshwater Group of Companies, which includes Daejan Holdings Plc (a constituent company of the FT500). Highdorn’s portfolio ranges from industrial and retail to residential properties all over the UK. They were conscious that their growing portfolio was becoming increasingly time-consuming. They wanted to provide their tenants with competitive prices as well as have the resources to respond to complex billing enquiries in a timely fashion.
Background
Highdorn Co. Limited started working with us over two decades ago, just as energy markets were first opening up to supplier switching. With a large portfolio of over 700 electricity and gas meters, the company needed support in managing their energy contracts, securing competitive prices and supporting the team with time-consuming and burdensome billing queries.
Solution
Highborn Co. has benefited from our procurement services for both their electricity and gas contracts.
More recently a dedicated Client Lead worked closely with the Business Manager to move all Half-Hourly (HH) electricity and gas contracts onto a flexible plan using a bespoke purchasing strategy. The flexible strategy allowed the business to make multiple purchases over time rather than fixing one price for the duration of their contract. Utilising the expertise of the Client Lead and Trading team, Highdorn Co. Limited were able to spread their risk and cut costs, sometimes by up to 20%.
Although using a flexible strategy worked for the organisation’s HH and gas contracts, Highdorn Co. decided that a fixed approach was best for their Non-Half-Hourly (NHH) portfolio consisting of many smaller meters, providing the organisation with budget certainty and simpler invoicing. The Client Lead used market intelligence and a firm supplier relationship to fix prices at a competitive rate with a reliable supplier who could offer a dedicated account contact.
cost savings
Gas and electricity procurement
Bespoke purchasing strategies
Purchasing flexibility
“We have received very favourable feedback from our residents. They appreciated the proactive approach taken to secure competitive prices by regularly reviewing our purchasing strategies.”
Manager – Freshwater Group
Results
Over the many years of working together, Highdorn Co. Limited has benefited from:
- Consistent and significant financial savings made by purchasing flexibly when compared to fixed price benchmarks.
- Contract performance reports providing peace of mind that the company is profiting from the market intelligence of the Client Lead and Risk Management Team.
- Peace of mind that they have the support needed to deal with complex billing queries, freeing up resource within the organisation.
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