Inspired plc on course for double-digit annual growth

AIM-listed Inspired is predicting an 11 per cent increase in revenues, up to £98.7m, for the financial year ended 31 December 2023.

The Kirkham firm helps source energy for businesses and more recently has found great success helping them achieve their net zero ambitions. Its ESG division doubled its revenues over the year.

In a recent trading update, the company announced that EBITDA is expected to grow by 19 per cent to £25m, while profit before tax is expected to grow in line with market expectations.

Mark Dickinson, CEO of Inspired, said: “The group delivered a solid operational and financial performance during the year, with adjusted EBITDA and PBT in line with market expectations, with a continued focus on cash generation.

“Managing energy costs and ESG have now become firmly embedded as operationally and commercially critical for most businesses. This is creating sustained and increasing demand for Inspired’s differentiated products and services. We are better placed than ever as a full-service provider and are confident of future success and in our outlook for FY24 on the back of momentum in FY23.”