Enfield energy firm acquires leased premises with £675k fund from HSBC

Ecologic Energy, the Enfield-based energy and insulation company, has purchased its previously rented premises following a six-figure funding package from HSBC.

The company said that the acquisition, made with the help of £675k commercial loan from HSBC, provides its workforce with job security.

Led by Sophoclis Sophocli, Ecologic Energy provides insulation for lofts and cavity walls for both private and council-owned households.

Since its conception 10 years ago, the company has extended its offering by establishing contracts directly with the Mayor of London and local authorities installing energy efficient boilers for those who need it most.

Recent projects include a wide scale insulation fit-out for Haringey Council flats and hundreds of private homes within Greater London.

Settling at the address in Enfield means Ecologic Energy can now concentrate on increasing its workforce, expand and focus on winning new tenders.

James Patterson, HSBC’s area director of Business Banking in the City of London, said: “As well as safeguarding the jobs of many, purchasing the new premises for Ecologic Energy gives the company’s management team headspace to focus on the nationwide growth they are aiming for without having to worry about relocation. We wish them the very best of luck in the future and look forward to seeing what’s next for the company.”

Sophoclis Sophocli, managing director at Ecologic Energy, added: “It’s great to finally own the premises we’ve called home for the past 5 years. Thanks to HSBC we can continue our journey in the very same community where our story and vision started.

“We’re very excited for the future and hope to become a household name in London.”

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