Acquisitions spur Inspired to double-digit growth

Inspired Energy has announced its half-year results, showing double-digit growth in turnover and profit.

The figures are boosted by the firm's acquisitions of FEML and Churchcom in April. The purchase of Horizon Energy Group, for around £8.25m and rising to a possible £13.75m, was completed in July, and will be included in the company's second half figures.

"The work undertaken over the last 18 months, which culminated in the three corporate acquisitions completed in the first half, the debt refinancing and the £9m placing, has provided an excellent platform for the business to continue its organic growth complemented by these significant further acquisitions. “As demonstrated by the half year results and our key performance metrics including the corporate order book, which continues to grow significantly both organically and through acquisitions, the group is in an extremely strong position to continue to deliver a robust performance throughout the remainder of 2017 and beyond."