Pozitive Energy is a relatively new energy supplier doing rather well, given the current circumstances of the energy markets. They are part of the wider Pozitive Group, 5 companies operating with close ties.
Pozitive Energy have been one of the UK’s fastest growing energy suppliers and managed to capture over 1% of the market very quickly. They owe their success to their technology-led approach to energy.
Structure and Other Companies:
The Pozitive Group is made up of 5 individual companies. These are:
- Pozitive Energy: Founded in 2016 by experts in the energy and technology sector, it is an Ofgem licensed energy provider and a leading independent, technology-led supplier of gas and electricity to B2B market. It was named as one of the UK’s fastest-growing energy supplier and captured more than 1% of the market with year-over-year sakes growth of 480%. It is also the one energy supplier with zero non-conformity in all industry audits for the last several years.
- Pozitive Insurance: Pozitive Insurance Solutions provides asset protection and liability insurance. The insurance expertise and in-depth understanding of business helps identify clients’ insurance needs, find competitive prices, and deliver protection solutions. It helps its clients to respond to changing business needs, monitor and renew policies with ease.
- Pozitive Payments: Pozitive Payments provides payment solutions. The clients can transact multiple type of payments through a secure channel. The merchant services offered cover everything ranging from Card Terminals, Point-of-Sale Systems, Virtual, Spire & Mobile Payment Terminals to Payment Gateways. The solutions are secure, flexible and help businesses establish strong relationships with both their customers and vendors.
- Enpaas: A managed service company which offers end-to-end solutions to address the needs of energy suppliers, traders, meter operators, and TPIs (energy brokers). It’s the world’s only fully digital Software-as-a-Service (SaaS) cloud platform in the Energy Sector. Services by experienced industry experts and high-tech modern tools allows Enpaas clients to focus on their core business while Enpaas runs their operations smoothly meeting all industry SLAs.
- MPAAS: MPAAS empowers energy suppliers and consumers with end to end metering solutions. It is a one stop shop to manage everything from meter data management, meter design & consultancy to meter installations, maintenance and smart meter rollout. MPAAS is a licensed Meter Operator (MOP) & Meter Asset Manager (MAM) service provider using SMICoP compliant tools. It takes care of its clients through the stages of regulation, implementation and compliance.
Product Offerings UK:
Pozitive Energy lean into their green energy provision and technology very heavily. They describe themselves as offering green on demand, low costs, complete transparency, low tariffs and full analytics. Pozitive believe it is their technology that sets them aside from competitors, with a unique platform to create tailor-made tariffs.
Their main sales points are:
- Reliability: Fixed prices that include everything. Costs stay fixed throughout the plan.
- Business-focussed: They only deal with businesses and provide what they want most – simplicity, cost focus, and control.
- Green Energy On Demand: Not just offering carbon-neutral gas and green energy, but also bespoke solutions that are built around businesses.
- Flexible Technology: Hand-built digital infrastructure to be efficient and flexible, delivering bespoke solutions.
- Metering: Offers of installing a free automated meter reading device within 6 weeks to remove the need for providing readings. No standing charges increases to fund metering.
- Accurate Billing: Simple and accurate billing.
Main Targeted Sectors
Pozitive Energy seek to provide energy to multi-site organisations mainly, in the following sectors
- Education: Universities, colleges, trusts and schools manage multiple buildings and sites and need to keep their costs as low as possible.
- Logistics: Operating a network of warehouses round the clock creates high energy usage. They work with numerous logistics providers to match their high tech operations with detailed energy insights.
- Retail: Their platform makes it easy for retailers to track energy use and costs across every store.
- Hospitality: They work with some well-known hotel and hospitality brands.
- Government: Public Sector operations from healthcare to prisons and defence.
- Petroleum: They power hundreds of forecourts and roadside services across the UK.
Board Of Directors – Pozitive Energy Group
Neeraj Bhatia – CEO and Founder
- Overall manages all the companies within Pozitive Group as a Group CEO
- Entrepreneur with history of building and selling successful businesses across India and UK, achieving sales of £100m+
- Over 30 years’ industry experience spanning services for small to medium sized companies in energy and technology sectors
Ken Campbell – CFO and Founder
- Experienced in running finance functions for technology, automotive and energy businesses
- Led the growth of Rebus Group from startup to acquisition by a FTSE listed company
- Held several senior positions at both board and operational level in PLCs to start-ups
- 30+ years of CFO experience
Steve Daniels – CSO and Founder
- Responsible for sales growth and managing key TPI partnerships and nurturing new accounts
- Sales roles within telecoms, energy and automotive sectors
- Ex-energy broker specializing in dealing with multi-site and I&C customer segment
Vipin Pathania – COO and Founder
- Responsible for heading the back-office operations and support centre in India
- 15+ years experience in managing offshore business operations for UK clientele
- 10+ years experience in the UK energy industry
Chetna Bhatia- CEO of ENPAAS
- Responsible for growing Pozitive Group’s technology, managed services and SaaS solutions
- 25+ years’ experience in delivering high tech solutions to FTSE 100 clients
Jordan Benbow – CEO of MPAAS
- Responsible for growing Pozitive’s metering business serving Pozitive and other B2B/B2C suppliers
- Ex-head of Metering at BES Utilities and Eversmart Energy
- Set up BES Utilities metering arm post acquisition from Access Install
Rob Thacker- CEO of Pozitive Insurance
- Responsible for growing Pozitive’s insurance opportunity with numerous energy customers across the UK
- Leading Pozitive Insurance Solutions from start-up to fully directly authorised insurance broker
- Former Aon Managing & Regional Director
- Over 20 years of leadership roles across the UK
- Over 30 years in the insurance broking industry
Jaime Amoedo – CEO of Pozitive Payments
- Responsible for growing Pozitive’s payments solutions with customers across the UK
- 30+ years of experience in the banking and finance industry across multiple jurisdictions (Spain, Turkey, UK, Italy, and the Isle of Man), including leadership roles at JP Morgan Chase, BNP BNL, Ferrovial, and HSBC
- 10+ years of post-graduate lecturing experience in business, trade, and finance
- 20+ years of Executive and Non-Executive Directorship experience, including roles at the boards of Junior Achievement, The Manx Wildlife Trust, Digital Isle of Man, The British Chamber of Commerce in Turkey, The Friends of Georgia Foundation, and founder of the award-winning environmental organisation PlasticBusters.
Shaun Newbould – Director of Gas, Pozitive Energy
- Responsible for the day-to-day strategies and development of Pozitive Energy
- 18+ years experience in the gas industry
Mark Metcalfe – Director of Power, Pozitive Energy
- Responsible for the development and growth of Pozitive Energy
- 20+ years experience in the energy industry, both as a consultant and supplier
Main Websites and Social Media Links
Pozitive Group – https://pozitivegroup.com/
Pozitive Energy – https://pozitive.energy/contacts/
Pozitive Energy LinkedIn – https://www.linkedin.com/company/pozitive-energy/
Contact Numbers and Emails:
Pozitive Group
Telephone: +44 (0)3333 70 8900
United Kingdom Address:
The Octagon
27 Middleborough Colchester Essex CO1 1TG
Australia Office Address:
Level 15
Deloitte Building
60 Station Street Parramatta NSW2150
India Office Address:
505 Ganesh Glory,
Off S.G Highway, Jagatpur Chainpur Road, Ahmedabad 382470
Pozitive Energy
Telephone: 03333 70 9900
Address: Pozitive Energy Ltd, The Octagon, 27 Middleborough, Colchester, CO1 1TG
Email: customercare@pozitive.energy
TPI Contact: loa@pozitive.energy
Pozitive Energy In The News:
Some negative press has been received recently as Pozitive Energy decided to triple their prices for customers, leaving many financially struggling. Link here: https://www.manchestereveningnews.co.uk/news/greater-manchester-news/energy-boss-defends-300-price-22713516
Slightly less recent news as Ofgem appointed Pozitive to take over the customers of CNG as they went bust. Link here: https://www.energylivenews.com/2021/11/08/ofgem-appoints-five-suppliers-to-take-over-customers-of-six-collapsed-firms/
Key Financial Data:
Accounts | 2017 | 2018 | 2019 | 2020 | 2021 |
Cash | £120,529 | £1,179,632 | £545,186 | £7,194,364 | £7,859,899 |
Net Worth | -£126,761 | £158,759 | £940,328 | £1,913,466 | £2,222,770 |
Total Current Assets | £254,057 | £8,160,963 | £31,767,563 | £44,621,421 | £57,106,350 |
Total Current Liabilities | £285,667 | £8,007,848 | £30,838,473 | £42,726,569 | £54,932,913 |
Summary
Pozitive Energy are currently doing incredibly well, especially considering they were founded only in 2016. Their five year financials are strong and continue to grow, especially after taking over the customers of bust supplier CNG.
Their green energy options are appealing to customers and their individual business sector approach to energy is certainly something of interest to both customers and competition alike. By offering a tailor-made approach to tariffs, this is something that customers enjoy to have.
Their board of directors is diverse and experienced – with many years of experience between them. Much of their board of directors have previous experience in the energy sector as consultants or brokers, as well as sales roles in different sectors.