Portfolio News

LDC-backed ENSEK collaborates with Centrica

LDC portfolio company, ENSEK, a leading software provider to the UK energy market, has announced plans to collaborate with Centrica, one of the UK’s largest gas and electricity suppliers to both domestic and business customers.

Headquartered in Nottingham, ENSEK uses its market-leading, software-as-a-service (SaaS) platform to provide energy suppliers with end to end capability in the market, enabling them to manage all industry and customer facing processes including its sector leading revenue assurance and gross margin accounting solution.

Leveraging ENSEK’s software platform and Centrica’s expertise, Centrica has been working closely with ENSEK over the past year in the development of a new solution for SME energy suppliers, ‘British Gas Lite’.

As part of this, ENSEK has provided market communications, billing, CRM, and self-serve portals for customers and brokers to facilitate its new online-serviced electricity product.

Jon Slade, CEO at ENSEK, said: “The energy sector is facing a period of unprecedented change, driven largely by the number of smaller suppliers entering the market. We want to build on our work of providing market-leading software services to energy suppliers, large and small, across the UK and see the SME market as a key sector for growth for us over the coming years.

“Centrica’s decision to build British Gas Lite on ENSEK’s leading platform has demonstrated their commitment to innovation, and the collaborative effort between both teams has been outstanding. With Centrica’s decades of experience in the energy industry and our own leading technological capability, I have no doubt that the partnership between us will result in a comprehensive platform for SME suppliers’.

LDC backed Ensek in October 2017 to support the business’ plans to further invest in product and new proposition development, responding to the growing demand for data.

The business has grown rapidly since its launch in 2010 through a continued investment in technology and a commitment to solving the issues faced by existing and new entrants to the UK energy market.

Article Footnotes

Notes to Editors

  1. LDC is part of the Lloyds Banking Group and is authorised and regulated by the Financial Conduct Authority
  2. LDC back ambitious management teams from UK-based companies seeking between £2m and £100m of equity for management buy-outs, institutional buy-outs or development capital transactions.
  3. LDC invests in a broad range of sectors and has particular experience in Construction & Property, Financial Services, Healthcare, Industrials, Retail & Consumer, TMT, Travel & Leisure and Support Services.
  4. LDC has a UK regional network of 9 offices.