Annual Report and Accounts 2016
28th March, 2017
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