Indie energy group secures £3m investment to accelerate growth

International energy consultancy EPI Group has secured £3m funding from Independent Growth Finance Ltd (IGF).

Set up in 1987, EPI Group provides integrated technical services across the exploration and production cycle, from new venture appraisal to field development.

In the financial year ending December 2018, EPI achieved its most successful year in terms of number of consultant days charged to clients.

This led to revenues of £16.5m, more than double that achieved in the previous year, and impressive EBITDA growth of £2.5m during the year.

Rob Adams, client manager at IGF, said: “At IGF, we look past the red tape and see the bigger picture. In this case, enabling us to provide funding based on the secure client base and the liquidity of existing collateral that EPI holds.

“Even in a downturn invoice finance is a viable option for many businesses. It suits current business needs, whilst offering the flexibility to grow along with the business.”

EPI Group works with clients including operators like BP, Total, Chevron, Shell, Equinor and ExxonMobil.

IGF’s £3m investment should enable EGI Group to expand further over the next few years.