Norwich-based energy consultancy, Indigo Swan, has secured a six-figure invoice finance facility with Time Finance to accelerate its investment in sustainability and support for the UK’s decarbonisation journey.
The firm secured the finance package to support the completion of a management-buy-out by manager director, James Groves, and progress its renewed strategy. The invoice finance facility will help introduce new technology, processes, and systems to streamline the energy procurement process and enable businesses to reduce their energy consumption and environmental impact.
James, the driving force behind the sustainability strategy, has helped the business further diversify its offering through the provision of energy audits, EV charging, energy efficiency measures and renewable technologies.
With support from his team Aimee Konieczny (Commercial Director), Hayley Leech (Finance Director) and Andrew Kindleysides (Operations Director), upskilling and recruiting talent will be a key priority for the energy consultancy in helping it achieve its green ambitions in 2023.
James says: “At the heart of our business is doing the right thing – both for our clients and for the UK’s green economy. We want to give businesses the tools and know-how to embrace a greener future and support them on their decarbonisation journey. Our new ‘Swan Sustainability’ project is a great example of doing just that.
“We’re very proud of the work we already do, but we know that to build on our success, we need to innovate and evolve.”
Established in 2010, Indigo Swan provides advice and support to connect clients to the most suitable tariff and energy companies. It currently employs a team of 27 and services near 600 clients in the property, education, manufacturing, and engineering sectors.
James adds: “As a small business it’s been challenging to secure the funding we need from traditional lending routes, and for us it felt important to partner with a funder that listens to, understands, and has confidence in our ambitions. From our first conversation with Time Finance, we knew they were the ideal funding partner to do just that.”
Time Finance supports more than 10,000 UK businesses every year with flexible and supportive funding solutions. The alternative finance provider specialises in the provision of funding solutions to UK businesses seeking to access the finance they need to realise their growth plans, with a diverse portfolio that includes Asset Finance, Invoice Finance, Business Loans, and its recently established Asset Based Lending solution.
Rob Walters, Business Development Manager at Time Finance, adds: “We are very proud to be working alongside James and the team at Indigo Swan as they continue to drive positive change within the energy industry. Our experience within this sector allowed us to swiftly get a good grasp of the business, how they operate, their funding requirements, and plans for growth.
“By building in essential headroom for growth we can ensure that Indigo Swan are able to move quickly to keep up the pace with ever-evolving technologies and processes, and in turn give them the confidence to make a real impact in the future of sustainability.”