The CEO and founder of Improveeasy, a specialist in home improvement finance and finance, has completed a management buyout for a majority stake in the business.
Austin Barcley, Chris Antrobus and Jeff Poole are now targeting continued growth for the Altrincham-based business.
Corporate finance expert Michael Berger has also joined the company as a new member of the board.
Improveeasy allows homeowners to make home improvements by accessing various forms of government financing and/or flexible payment options.
It also provides national funding through Improveeasy enables homeowners to make home improvements by accessing various forms of government funding from the Energy Company Obligation (ECO) program designed to help homeowners install heating and insulation measures. systems in their homes and has a current funding budget of £1billion a year until 2026 to support low-income and vulnerable households.
New investment means Improveeasy is now able to provide installers with 48-hour payment terms, which it says is attracting new business for the company.
The company is also launching a new product later this year aimed at helping homeowners reduce their energy bills as well as improve their property’s Energy Performance Certificate (EPC) rating.
Michael Berger said: “Their solutions for both ECO grant funding and consumer loans will make a key difference in improving average national EPC scores in the UK, with the government currently aiming for the most possible number of houses to be rated in band C or above by 2035. .
“The entire team is committed to making a difference while being one of the most outstanding high-growth companies in the ESG space.”
Fieldfisher, provided regulatory DD, legal DD and business advice.
Fieldfisher Corporate Partner Tom Ward added: “Improveasy has built a robust business with strong revenues and has good potential to scale significantly in light of the renewed ECO4 program and the UK Government’s commitment to fund a budget of £1 billion a year.”