Energy companies are among the UK’s fastest growing businesses. More than a dozen energy firms made the latest Sunday Times Virgin Fast Track 100 league table.
High levels of switching in late 2013 and much of 2014 has led to growth spurts for energy suppliers such as Ovo (in 10th), Spark Energy (23rd) and First Utility (55th).
Commercial gas supplier CNG also made the list, with growth at the firm nudging 48% on average over the last three years. The company aims to double its share to 10% of the commercial gas market over the next 10 years.
But energy services firm Anesco remains top of the pile for the second year running, after growing sales by 375% a year over the past three years. The Reading-based company said it was set to double revenues this financial year to some £170 million.
CEO Adrian Pike said continued growth was due to moving quickly to market with new solutions, citing commercial battery storage as an example. A domestic battery storage product will soon follow, he added.
“We are also developing solutions for greening up street lighting infrastructure and replacing oil systems with biomass boilers. These are just four of the ways we continue to transform the UK market and all of these services will be provided with zero capital cost for the customer, with the funding managed through the huge savings in energy costs that are achieved by the initiatives.”
Other energy industry firms on the list were grid connections specialists G2G Energy (7th), wind turbine supplier and installer Earthmill (17th, started by Stephen Milner five years ago with his redundancy cheque), Help-Link UK, Dual Energy, Glide Utilities and Vibrant Energy Matters.
Waste management firm Transwaste also made the list, as did facilities management company Entier. Other energy-related companies on the Sunday Times growth list included oilfield services provider RMEC, Express Engineering and oilfield equipment manufacturer Centek.
Meanwhile other notable companies on the list were craft beer punks Brew Dog and the remarkably resilient Southampton Football Club, currently above Arsenal and Liverpool in the Premier League despite selling them their best players last season and enduring a current tough run of games.
See the full list here.