Our client operates an established energy comparison website business. The business has developed a niche ‘energy comparison web’ platform for home energy consumers that will process high volume comparison for both gas and electricity. Based in the UK, this web comparison site is one of only 12 websites accredited by Ofgem. The provision of energy comparison enables customers to save money of their energy bills with no cost to them. For each new customer who switches energy supplier, the energy comparison provider is able to earn commission per fuel. With over 300,000 consumer ‘energy switch’ transactions completed, the business has built a solid foundation within this large and growing consumer sector.
• Nationwide service via the internet
• Consumer only service
• 300,000+ completed switches
• Ofgem accredited comparisons for gas and electricity
• Highly scalable business
Vexus are exclusively retained to find a purchaser for this business. The acquisition of this specialist website business will provide a strategic entry into the UK energy comparison market. Due to the barriers for entry to Ofgem accreditations being high, the UK market comprises of only 12 Ofgem accredited comparison website businesses; the purchaser of this business will therefore secure a strategic position within this nationwide consumer marketplace.
Reason for Sale
This business is no longer core to our client’s main business activities. Vexus have been retained to open discussions with suitably qualified trade purchasers with an interest to acquire the trade and goodwill of this business / comparison website on an asset sale basis.
This is a rare opportunity to acquire one of only 12 Ofgem accredited energy comparison website businesses. Rich with intellectual property, trade and goodwill, this business offers a fast and secure entry into this large and growing consumer market. This business will prove an attractive ‘bolt-on’ to a larger business and/or experienced operator within the financial sector or B2C environment.
The Next Step
We intend to open discussions with qualifying purchasers with the appropriate resources, synergies and expertise to take full advantage of this acquisition and market opportunity.
Offers are invited for the assets trade and goodwill
Is this business relocatable: Yes
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