Bolton energy comparison business forecasts £10m turnover for 2016

After reporting 65% organic growth in 2015, Bolton-based business energy comparison service Love Energy Savings has forecasted a turnover of £10m by the end of 2016.

Love Energy Savings’ primary driver of growth is through the business’ main online comparison engine.

In addition, Love Energy Savings saw a 45% increase in full-time staff in 2014/15 and projections for the year ahead have suggested that this level of expansion will triple in 2016, with hopes that the workforce will increase by 50% by November 2016.

To increase its staff, the business will be utilising a wide range of local recruitment initiatives, both online and offline. Thus, this will boost the local economy in Bolton by creating new jobs.

Recent partnerships with BusinessComparison.com and UK Power further demonstrate that Love Energy Savings have aso contributed to the business’ rapid growth, since it can now provide its service to more businesses and homeowners across the UK.

Phil Foster, MD of Love Energy Savings, said: “Looking back over the last 12 months, I could not be more delighted with the results. It is a testament to our employees that we are seeing such substantial year-on-year organic growth, as I believe it is great customer service that is at the heart of our success.”

“Receiving investment from NVM Private Equity, and securing national business partnerships shows that others are noticing the value that Love Energy Savings are providing to the TPI market, in terms of great customer service. This will only continue to improve over the next 12 months as we strive to further cement our position as a leading business energy comparison services.”

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