Inspired Energy PLC have released the annual report for the period ending 31 December 2016, highlights include significant growth in the Corporate division as a result of:
– Strong conversion of new business wins in both commercial and public sectors in addition to record renewals
– Acquisition of Informed Business Solutions Limited (“Informed”) in September 2016: Broadening the Group’s customer base and strengthening its presence in the multi-site retail and leisure markets, Fully integrated, with the entire Informed team
– Now relocated to the Group’s head office
– Record revenue, profits and organic Procurement Corporate Order Book Sales during the year
– Robust organic growth, with the Procurement Corporate Order Book, excluding the impact of the acquisitions of WPUK, STC and Informed, increasing by 9% to £19.1 million as at 31 December 2016 (2015: £17.5 million)
– The Group’s SME division performed strongly in the year, providing material contribution to cash generation
– High client retention rates maintained:
– Risk Management division maintained 100% client retention
– Renewals across the Corporate division at 85%
– Average headcount increased by 68% to 200 staff as a result of Corporate acquisitions and investment within the operational team