Love Energy Savings specialises in UK business energy and home energy comparisons. Since 2007, we’ve been focused on one thing; providing businesses and homes with cheaper electricity and cheaper gas. That’s why everything we do is for the benefit of the community which put its trust in us.
We don’t believe in over-complicating things. That’s why our aim on a daily basis is to offer hassle-free energy comparisons and switch for UK businesses and consumers. Our mission is to find everyone the cheapest deal on their energy bill and deliver the best customer service while we do it.
The bottom line is we’re here to save you time and money on your home and business energy switch. Our energy experts are trained to advise you on when to make the best move to get you the biggest savings on your gas and electricity bills. So you can trust Love Energy Savings to give you fast, free and impartial advice when your home or business switches energy supplier.
Company Growth (employees)
Love Energy Savings was founded in 2007 and is headquartered in Bolton, GB
Love Energy Savings Office Locations
Love Energy Savings has offices in Bolton, Manchester and Lancashire
Bolton, GB (HQ)
Summerfield Rd
Love Energy Savings Data and Metrics
Summary Metrics
Founding Date | 2007 |
Total Funding | $6.9 m |
Investors | NVM Private Equity |
Love Energy Savings Financial Metrics
Love Energy Savings's revenue was reported to be £13.2 m in FY, 2016 which is a 104% increase from the previous period.
GBP
Revenue (FY, 2016) | 13.2 m |
Revenue growth (FY, 2015 - FY, 2016), % | 104% |
Gross profit (FY, 2016) | 3.6 m |
Gross profit margin (FY, 2016), % | 27% |
Net income (FY, 2016) | 640.3 k |
Cash (31-Dec-2016) | 863.8 k |
| GBP | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|
Revenue | 3.9 m | 6.5 m | 13.2 m |
Revenue growth, % | 65% | 104% | |
Cost of goods sold | 2.4 m | 4.9 m | 9.6 m |
Gross profit | 1.6 m | 1.6 m | 3.6 m |
Gross profit Margin, % | 40% | 24% | 27% |
Operating expense total | 1.1 m | 1.3 m | 2.9 m |
Pre tax profit | 404.7 k | 239.7 k | 701.1 k |
Net Income | 424.3 k | 171.9 k | 640.3 k |
| GBP | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|
Cash | 161.1 k | 136.2 k | 1.8 m | 863.8 k |
Accounts Receivable | 91 k | 129.5 k | 161.2 k | |
Current Assets | 252.1 k | 1.6 m | 3.3 m | 5.1 m |
PP&E | 15.5 k | 2.7 k | 2.4 m | 3.7 m |
Goodwill | 509.9 k | |||
Total Assets | 267.7 k | 1.6 m | 5.7 m | 9.4 m |
Accounts Payable | 248.5 k | 53.1 k | 101 k | 444.2 k |
Current Liabilities | 248.5 k | 1.1 m | 4 m | 6.8 m |
Total Liabilities | 720.7 k | 1.7 m | 5.5 m | 8.6 m |
Retained Earnings | 424.3 k | 171.9 k | 640.3 k | |
Total Equity | (453 k) | (28.8 k) | 143.1 k | 783.5 k |
Financial Leverage | -0.6 x | -57.3 x | 39.7 x | 11.9 x |
| GBP | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|
Income Taxes Paid | 19.5 k | (67.9 k) | (60.7 k) |
| GBP | Y, 2016 |
|---|---|
Revenue/Employee | 329.4 k |
Financial Leverage | 11.9 x |
