A company working in the energy brokerage industry has announced that it is to expand by merging with its sister company following its best year of trading to date.
Utility Bidder – based at the Compass Point business park in Harborough – was formed as an off-shoot of Business Energy Consultants.
The company’s role was to broker better energy deals for businesses. But Utility Bidder has now become so successful that the management team has decided to merge the two companies to become one, under the Utility Bidder title.
Business Energy Consultants was set up by town businessman James Longley in 2006, followed by Utility Bidder in 2009.
The company started with only eight staff but now, six years later, the two firms handle about 7,000 energy bills nationwide every year and employ 50 staff between them.
Now managing director Mr Longley feels the merger will enable the company to offer an improved service to customers, as well as extending its range of services.
He said: “Many have lost faith with energy companies and are increasingly turning to brokers such as Utility Bidder to ensure better service and to help make sense of the deals on offer. “This is due to the criticism levelled at the big energy companies by the energy ombudsman last year.
“With fluctuating prices and accusations of poor customer service, customers are increasingly confused by the energy market.”
In contrast to the fortunes of larger energy producers, Utility Bidder has had its most successful year ever and the newly-merged business will be diversifying as a result.
Mr Longley said: “We will continue to offer brokerage services, but we will now also offer discounted energy packages to the public so they can save on their household bills.
“In addition, we will be able to negotiate reduced tariffs for phone and broadband services.”
The company works with a range of Harborough businesses, from pubs to farms, as well as larger organisations across the UK.