GBR makes tenth acquisition and surpasses £40m turnover
The year has just started but we are continuing our rapid expansion across England – with our tenth acquisition seeing us surpass the £40 million turnover milestone!
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Providing Renewable Energy to Kent, Surrey and Sussex
Since 2021, our turnover has increased more than tenfold from £3m to over £40m. At the same time, staff numbers have risen from 18 in our York office to over 200 across our fourteen regional offices in England.
Hitting Government Targets
The UK government has a solar target of 70GW by 2035. Our rapid growth in the last two years reflects the increasing demand for domestic and commercial solar. At the same time, a fluctuating market has seen the demand for low carbon and more efficient heating solutions increase.
Last year was a record year for heat pump installations, with 39,268 installed in the UK. The record beats the previous one set in 2022 with an increase of nearly 20%. Whilst this figure includes only those heat pumps certified by the MCS, the true number is not likely to be much higher.
Also in 2023, 190,000 solar panels were installed on homes and businesses across the UK, the highest number since the Government cut subsidies in 2011. On January 1st of this year the Energy Price Cap rose by 5% to £1,928 a year for a typical dual-fuel household paying by direct debit and raising the average price by £94.
Welcoming Doré Woodman to Green Building Renewables
Doré Woodman’s acquisition and Green Building Renewables’ further expansion into the South and home counties is part of our continued strategic vision to extend the benefits of solar energy and low carbon heating to as many local communities as possible nationwide.
The GBR model is built on providing regional expertise and cutting-edge technology, which is only installed by local in-house engineers. We aim to deliver efficient, reliable, cost-effective renewable solutions, including solar and heat pumps, to the domestic and commercial sectors across the UK.
The goal is to be the largest installer of domestic renewable technology by 2025 with a turnover of £100million.
Our Managing Director, Chris Delaney, said, “Our tenth acquisition and surpassing the £40million turnover mark is a double milestone for the company and a great start to the year. Everyone within the business can be extremely proud of our achievements in the last two years.
“We have grown our reach and expanded our coverage across England. Our ambitions for 2024 are even bigger as we aim to have full coverage of England. We welcome Ben Freeman and the team at Doré Woodman to ours.”
Ben Freeman, founder of Doré Woodman, said on the deal, “From the outset of our discussions, it was clear that Green Building Renewable is creating something unique. Its model of a nationwide network, based on local installers, is exactly what this market needs and aligns with our own core-beliefs.
“Unlike conventional heating systems, heat pumps require extensive design, installation and commissioning capabilities coupled with a supportive, customer-driven mentality. Our full-system approach links the many different renewable systems into one bespoke solution, thereby ensuring a streamlined, efficient process to deliver the perfect outcome and a best-in-class customer experience”.
Doré Woodman serves residential clients in Kent, Surrey and Sussex and specialises in heat pump installations. The business has focused on self builders, SME developers and retrofit installations of heat pumps, solar PV, battery storage, MVHR and underfloor heating and aligns perfectly with Green Building Renewables’ model, which is built on providing regional expertise and cutting-edge technology, which is only installed by local in-house engineers.
Chris Joubert, our new Merger and Acquisition Director, “Doré Woodman is the perfect example of the calibre of company that we want to join Green Building Renewables and to help expand its network. While I can’t take responsibility for bringing this acquisition on board, it is a perfect blueprint for the type of business I will be looking for and aiming to get into the company’s nationwide network.
“I am looking forward to working alongside Chris and the team at Green Building Renewables to help reach its ambitions of becoming the largest domestic renewables installer in England and to reach its £100million turnover.”