Financial Services
Kevin Wills (left) and Matthew Bull outside Dawnsongroup Finance’s Ringwood HQ.
Published: December 19, 2023 | Updated: 19th December 2023
A Ringwood-based asset finance company is predicting a buoyant 2024, especially for green energy deals.
Dawsongroup Finance said the last 12 months have seen exceptional growth for the business.
Its team expanded by 50 per cent, a record number of deals were closed and the company’s annual profit goal was achieved by July.
Now it is anticipating more growth, especially around funding green power technologies, following the formation this year of a new sister company, Dawsongroup Energy Solutions.
Matthew Bull, Commercial Manager, said the huge growth in the green energy sector with the push to net zero across industries, was set to be an important new area of business.
He added: “Demand for innovative, sustainable and reliable energy solutions is growing among businesses worldwide.
“As they look to reduce their environmental impact and find more cost-effective ways of managing their energy needs, they’re seeking to acquire assets such as solar panels, heat pumps and storage batteries, for example.
“We’re working on creating innovative asset finance solutions which will allow businesses to acquire these power solutions now, and start reaping the benefits, while ensuring their costs remain consistent and manageable.
“So, for example, we’re developing models which would mean any business with a decent real estate portfolio – warehouses or factories for example – could acquire enough solar panels to meet their energy needs, completely or in large part.
“That deal might be structured over 25 or 30 years, allowing them to pay a fixed amount for their electricity during that period – avoiding the risks of the volatile energy market and protecting their operations in the event of outages or energy shortages.
“There’s also the key benefit of reducing their carbon footprint and helping them move towards their sustainability goals.”
Kevin Wills, Managing Director at Dawsongroup Finance, said that despite a tough economic climate he was optimistic about the future.
He added: “As a funder, lending our own money in 75 per cent of deals, we will continue to leverage our wealth of experience and group-wide expertise not only to offer competitive deals, but also to help businesses obtain the assets they need in the way that works best for them.
“Taking a strategic approach to procuring and funding assets, so that they deliver their full value and usage, but in a way that minimises their cost, is going to help businesses protect capital and boost their financial resilience and operational flexibility in 2024.”
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