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amber raise £480k and make shortlist for fastest growing firm in Wales

amber raise £480k and make shortlist for fastest growing firm in Wales
Nick Proctor
Nick Proctor

I think this has been said in many a different way by Forbes and is probably a tattoo for some entrepreneur's out there OR perhaps a battle scar! In any case, it's certainly true. It's likely to be necessary on many growth journeys as you can't keep lumping debt on to the balance sheet. We've started our raise via a grant of £130k (free money - yes it still exists in Wales) and a £350k debt facility with funding circle.

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Price Warning. The British Hash. **You should have seen a 10-20% increase in your Electricity Price**

Price Warning. The British Hash. **You should have seen a 10-20% increase in your Electricity Price**
Nick Proctor
Nick Proctor

The crazy thing here is that the Carbon Tax inflation isn't only huge but it also takes the Carbon tax to a point where it is larger than the wholesale price of energy for the 1st time in history in 2018/2019. It means the total energy bill has already gone up for the next few years and it means you need to start budgeting for these increases. I'll summarise again to assist (note I'm adding in costs of transporting energy and distributing it to your business which is why you can't just add wholesale cost to carbon cost to get to the total).

How much will your bill be?

Awards mean nothing. Would you buy a house without a roof?

Awards mean nothing. Would you buy a house without a roof?
Nick Proctor
Nick Proctor

What I am horrified by is... I suppose someone trying to sell a house without a roof? It would be pretty obvious right?

Unfortunately because the energy sector is complex and big businesses are buying houses worth millions (thinking they are getting a roof) and then turning up to find it gets pretty cold and wet in the winter. If you think I've lost the plot let me just reiterate what I mean here...

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