Over the past three years, and with the support of NVM, we’ve invested heavily in technology and expanded into new, untapped markets
Love Energy Savings (LES).
Love Energy Savings (LES), a comparison and procurement service specialising in helping SMEs identify the optimal gas and electricity supplier and tariff to suit their needs.
Bolton based LES offers full market comparison across a wide range of panel suppliers and manages any resultant switching process on behalf of the SME from initial agreement to completion. This is achieved through a sophisticated bespoke technology platform which has been developed by the LES in-house team.
Deregulation of the UK gas and electricity market in 2002 created the opportunity for domestic and non-domestic users to switch energy providers at the end of their existing contracts for more suitable and cheaper tariffs. LES was established in 2007 in order to target the non-domestic energy user market which, whilst comprising around c2.4 million SME contracts, had been slower to embrace the opportunities offered by deregulation than the domestic market.
NVM Private Equity has made a partial exit from Bolton based energy price comparison specialist Love Energy Savings following a secondary management buy-out by LDC who invested more than £25 million to further accelerate organic growth. NVM first supported Love Energy with a £4.5 million investment in the management buy-out in September 2015.
After initially investing £4.5 million into Love Energy in 2015 we have seen first-hand the company’s ongoing commitment to both its customers and its employees. We have thoroughly enjoyed working with Phil over the past 3 years and we’re especially excited to be part of the journey for the next phase of the company’s growth.