The Business Magazine - B2B Business News - Site Logo
The Business Magazine - B2B Business News - Site Logo
The Business Magazine May 2024
Read now
PICK YOUR EDITION

Thincats funding support of £19 million will help growth of Berkshire based Energy Saving Lighting

30 September 2021
Share
Thincats funding support of £19 million will help growth of Berkshire based Energy Saving Lighting

Alternative finance provider to mid-sized SMEs, ThinCats has teamed up with Bestport Private Equity, to provide debt and equity funding support of £19 million to help support the continued growth of Berkshire-based Energy Saving Lighting (ESL).

David Hall, previously CEO of Polypipe and non-executive Chairman of Aspen Pumps, will join the board as Chairman.

Founded in 2008 at the beginning of the new emerging LED market, Energy Saving Lighting have been the leaders in lighting consultancy, installation and energy efficient solutions.

Being one of the first lighting consultancy companys to offer LED lighting solutions complete with finance packages across all sectors including commercial, domestic, public sector and social enterprise across the UK.

Traditional lighting is very expensive and has a huge impact not only financially but environmentally. ESL helps its clients make savings on their lighting and carbon footprint.

For over a decade it has helped organisations light their buildings more efficiently, save considerable amounts of CO2 emissions and millions of pounds on their electricity bills.

Paul Daly, Founder and CEO of ESL, says: “We are delighted to partner with Bestport and recognise that they will bring expertise and funding to help deliver the next phase of growth for the business. It is an exciting time to be delivering energy efficient solutions to both the public and private sectors.”

James Stoddart, Managing Partner of Bestport, says: “We are excited to be partnering with Paul on the next stage of the company’s journey.  ESL is an ambitious, fast growing business delivering energy saving benefits to the critical economy.  We also see a big opportunity to build on the company’s success in delivering more energy efficient solutions to the commercial sector.”

Dave Sherrington, Head of Regional Sales at ThinCats, says: “ESL was one of the first lighting consultancy companies in the UK to offer LED lighting solutions, and is at the forefront of energy efficiency.  The team are demonstrating an impressive commitment to supporting the UK government in meeting decarbonisation targets, and we are delighted to have supported them with this funding package alongside Bestport.”

As the cost of energy is set to rise this winter, taking a second look at their energy bills should be a business priority.

LED lighting has a number of advantages when compared to traditional halogen and fluorescent commercial lighting, including improved energy and maintenance efficiencies as well as a better-quality light, the ability to dim lighting, eliminate warm-up times and the capability of frequent switching. Lighting in heavy industrial areas regularly has to withstand harsh environmental conditions, needing regular maintenance which is difficult and inconvenient.

Industrial warehousing in commodity or large commercial business are often open for long hours, if not 24/7, loading and unloading. The lighting in a warehouse has to be efficient enough to minimise hazards in the workplace as well as comply with the recommended LUX levels.

The company has undertaken some impressive work, including saving the Bank of England more than £44,0000 annually.

It also helped Maiden Erlegh Chiltern Edge save more than £18,000. Maiden Erlegh is a secondary school based in Reading. The school caters for students aged 11 to 16. In August 2018, Chiltern Edge converted to an academy and was renamed Maiden Erlegh Chiltern Edge. The school is now sponsored by the Maiden Erlegh Trust.

Lighting accounts for nearly five per cent of global CO2 emissions – a global switch to energy efficient LEDs could save more than 1.4 billion tons of CO2 from being emitted into our atmosphere and avoid the construction of 1250 power stations. On average, just 1 LED bulb will minimise greenhouse gas emissions by almost half a ton. Replacing outdated fluorescent lighting to modern LED options can provide as much as 85% energy savings. Did you know that most of the energy that goes into lighting an incandescent lamp is actually spent on heating the filament? Outdated lighting can account for up to 95% of your lighting costs on heating a bulb and only 5% lighting it! An LED lamp, on the other hand, loses around 5% of the energy generated to heat, whilst 95% is converted to light.

ESL says that its Energy Saving lighting typically save its clients up to 80 per cent on their annual electricity bills.


Nicky Godding is editor of The Business Magazine. Before her journalism career, she worked mainly in public relations moving into writing when she was invited to launch Retail Watch, a publication covering retail and real estate across Europe.

After some years of constant travelling, she tucked away her passport and concentrated on business writing, co-founding a successful regional business magazine. She has interviewed some of the UK’s most successful entrepreneurs who have built multi-million-pound businesses and reported on many science and technology firsts.

She reports on the region’s thriving business economy from start-ups, family businesses and multi-million-pound corporations, to the professionals that support their growth and the institutions that educate the next generation of business leaders.

Related articles

Latest Deal Ticket

view more
Business consultants Magnetic (London)
have been acquired by
Management consultants Newton Europe (Oxford)
May 2024
UNDISCLOSED
Who's behind the deal?

Upcoming events

view more
06
Jun

South Coast Property Awards 2024

Hilton Southampton
Utilita Bowl
More info
12
Jun

Leadership Roundtable: Developing strategies for financial returns over the next decade

Herrington Carmichael, Farnborough Aerospace Centre, GU14 6XR

More info
09
Jul

Leadership Roundtable: Opportunities and challenges in the Care Sector

Herrington Carmichael
Farnborough Aerospace Centre, GU14 6XR
More info
18
Jul

Thames Valley Tech & Innovation Awards 2024

Reading FC Conference & Events
Select Car Leasing Stadium, Reading
More info
23
Jul

Leadership Roundtable: Search Fund Exits & Acquisitions

Shawbrook Bank
9 Appold Street, London EC2A 2AP
More info
26
Sep

Thames Valley Property Awards 2024

Ascot Pavilion
Ascot Racecourse
More info
03
Oct

South Coast Tech & Innovation Awards 2024

Hilton Southampton
Utilita Bowl
More info
07
Nov

Thames Valley Deals Awards 2024

Reading FC Conference & Events
Select Car Leasing Stadium, Reading
More info
21
Nov

Hampshire Business Awards 2024

Farnborough International
Exhibition & Conference Centre
More info

Related articles

Group Companies

Dorset BIZ NewsHampshire BIZ News