Member Article

New partnership brings surge of energy to Businesscomparison.com

Small and medium sized businesses across the UK are being offered a lifeline when it comes to saving money on energy thanks to a new partnership between Businesscomparison.com and Love Energy Savings. The two North-West based companies are pleased to announce that they’ll be working together to help business owners and decision makers access the best energy deals online. The collaboration represents a unique opportunity for users with Love Energy Savings offering Businesscomprison.com customers a £1,000 cashback if they can’t beat their exiting renewal quote*.

70 per cent of businesses experience difficulties comparing energy tariffs and 43 per cent have never switched supplier according to figures by the Federation of Small Businesses. Government projections published by the Department of Energy and Climate Change predict further energy price increases up until 2020. For a company with a 5 per cent profit margin over 3 years, a £500-a-year saving on energy can make the same profit as £30,000 of extra sales.

Businesscomparison.com launched in April 2015 and, since then the Chester-based company has helped more than 20,000 customers access finance from as little as £1K to £16million. The site was set up by former MoneySuperMarket.com and Bank of America employee Philip Brennan to open up a competitive financial product marketplace for small and medium sized businesses. The company has forged relationships with both new lenders and high street banks boasting the most comprehensive list of business financial help products in the UK. The branch out into energy comparison for business is an exciting step forward.

Head of Businesscomparison.com, Philip Brennan said,

“All too often small business owners are paying too much for their gas and electricity and are passed onto pricey standard rate tariffs. At Businesscomparison.com we’re flying the flag for comparison across a range of financial products for small and medium sized enterprises so we’re thrilled to be working with energy comparison specialists Love Energy Savings. This partnership means we can direct our customers to the very best energy deals for them. Not only that, but Love Energy Savings have committed to providing our users with a £1,000 cashback if they can’t beat their renewal quote* – they won’t get this exclusive deal anywhere else.”

Love Energy Savings have already passed on over £66million worth of savings to over 48,000 UK homes and businesses. The Bolton-based company recently received NVM Private Equity Investment of £4.5million and revealed exciting plans to treble their staff headcount over 12 months allowing them to pass on even more savings to more customers.

Love Energy Savings Managing Director, Phil Foster says the recent partnership with Businesscomparison.com represents a phase in their growth,

“Businesscomparison.com are the perfect partner for our business. We each share the same mission to create a big difference and make savings simpler for UK businesses and I truly believe that together we can offer a totally new approach to helping SME’s make smarter choices around their energy bills.”

*T&Cs available on request

This was posted in Bdaily's Members' News section by Lucy Liddiard .