Utility Bidder has announced a significant investment in its business following a management buy-out backed by Sovereign Capital Partners, the UK private equity specialist.

A government rule forcing large companies to get an energy audit or face up to £90,000 in fines could catch as many as 14,000 firms – including many in the financial sector. Industry estimates previously pegged the number at 10,000, while the Department of Energy and Climate Change has a more conservative expectation of 7,400. […]