2016 winner – OVO Energy

Independent UK gas and electricity supplier OVO Energy was established in 2009 by entrepreneur Stephen Fitzpatrick.

Seven years on, OVO has attracted 700,000 customers, created more than 1,200 jobs, and has offices in Bristol and London, as well as regional field force and retail teams.

OVO energy

An outstanding example

The Scale-Up Business of the Year accolade was awarded to OVO Energy as it is an outstanding example of a high growth business that has broken into an established market and used innovation to acquire hundreds of thousands of customers and significant revenues. The company is creating jobs and wealth, and was able to show the judging panel strong staff and customer engagement. It also demonstrated all the attributes of a sustainable and purposeful disruptor in a market dominated by a small number of major players.

The challenges faced

Stephen Fitzpatrick commented:  “Starting a business was not the hard part — what has felt like a bigger challenge is keeping our culture internally and externally while growing at the pace we have. Our aim is to work as a sustainable, mature business while also staying agile and innovative to ensure we meet and exceed our customers’ expectations.”

Chris Houghton, Chief Financial Officer of OVO Energy added, “We have a great belief in what we’re doing, and whilst there’s success in that, it’s always great to be recognised by your peers, so it was a very special night for us.”

Time to scale up your business?

Smith & Williamson can help advise on how you can scale-up your business, suited to each stage of your business journey. Find out how.

Deadline for entries is Friday 19 May 2017. To qualify for a discounted entry fee of only £195 + VAT (discounted from £295 + VAT) quote reference ‘S&W86’. 
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What does it take to be the scale-up business of the year – find out here

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