Inspired results are platform for growth

Janet Thornton of Inspired Energy
Janet Thornton of Inspired Energy
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Fylde coast energy procurement company Inspired Energy has unveiled a maiden interim dividend after seeing its order book expand.

The firm, founded by managing director Janet Thornton at her Lytham home in 2000, saw its turnover rise from £2.1m to £3.5m.

Pre-tax profit climbed from £541,597 to £802,908 for the six months to 30 June 2013, up 60 per cent.

The AIM listed company which secures energy for corporations and companies across the UK declared a dividend of 0.05 pence.

It said its corporate order book was at a record level with six months of sales of £4m up 18 per cent on last year.

Commenting on the results, Janet Thornton, said: “I am delighted by the strong performance the Group has delivered across both the Corporate and SME divisions in the first half, traditionally the quieter half for the business. “

“The business is performing very well with the order book growing by £1m during the period to £9.9m.

“We have started the second half at pace and believe we are in a strong position to deliver further growth for the full year.”

Group chairman Bob Holt said the Kirkham-based firm was entering the next six months with confidence.

He said: “The Group has performed well, delivering results in line with management expectations.

“In this period, we won a number of high profile clients, including Oxford Instruments, Castings, Kemira Chemicals and Esterform, in addition to continuing the high level of client retention across the Group in excess of 75 per cent and maintaining a 100 per cent client retention rate in our more complex Risked Management division.”

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