“Our fantastic partnership with FW Capital has stood the test of time. From the first investment they made into Cenergist in 2015, to the most recent £750,000 funding, FW Capital have truly understood our business and helped us to reach our ambitions and generate significant turnover.”
Cenergist is a specialist energy and water efficiency company working across the UK, Europe, India and Middle East to help public and private clients achieve energy, water and financial savings.
A long-time supporter of Cenergist, FW Capital first provided a £350,000 mezzanine loan through the North East Growth Plus Fund in 2015, which enabled it to become the exclusive distributor of a money- saving smart shower device.
In 2017 the expanding company then secured a £515,000 investment from NPIF – FW Capital Debt Finance, managed by FW Capital and part of the Northern Powerhouse Investment Fund, to set up a new office in the Tees Valley and create new jobs and revenues.
A further £235,000 loan from NPIF – FW Capital Debt Finance in 2018 was provided to support Cenergist’s plans to expand its remit further into turnkey solutions of lighting upgrades to low-cost LED for commercial entities. As well as the development of a new revenue stream, the funding enabled the company to create additional jobs.
In 2019 Cenergist received its fourth FW Capital investment - £750,000 of growth capital - to launch new revenue streams, scale-up, deliver new contracts, create eight new roles and open a call centre in Billingham.
Cenergist operates from offices in Billingham, Teesside, Washington, Tyne and Wear, and London. It has three subsidiaries based in Spain, The Netherlands and India focussed on delivery to local markets, 49 staff in the UK and three divisions - Energy Infrastructure, Consulting and Water Services.
The investment brings the total amount of funding to £1.85 million.