A Solution to Renew

Mike Lowes and Lee Stewart know what it takes to turn up the heat during an economic recession.

2 years ago, after working together for 5 years, Mike and Lee created Renewable Solutions UK Ltd, a renewable energy specialist company, designing and installing solar panels, wind turbines and heat pumps.

Now based in Bootle, they work with a range of local, national and international clients including domestic homeowners, self-builders, farmers, developers, architects, local authorities, commercial and non-profit organisations.

Mike said “Setting up the business was one of excitement and fear! We decided from the outset that we would not burden the Company with Bank loans, so we used personal credit cards to buy stock and keep us going through the early stages.

“For the first 6-months or so we would pay the staff and if there was anything left over we’d take what we could as a wage. It was tough but success now is certainly sweeter having survived a tough start...and we’re 100% debt free. “

About 18-months ago Renewable Solutions needed to further expand into larger premises in order to grow. This involved the usual infrastructure expense and in addition, they had to build offices within the unit. After asking around to see if any help was available, Stepclever were mentioned.

Mike said “Stepclever have a great Business Manager who could see our potential and secured the support we needed to help us grow.

“We predicted that the support would help us expanding our staff levels by 5 within the year. We ended up employing 12 new staff!”

The Government’s push on Renewables and Low-Carbon incentives is making this a fairly stable industry at the moment. Tariff Schemes allow an annual return of some 10% per annum on electricity-generating Renewables, so the current low interest rates are making savers and investors turn to Renewable Solutions for that elusive return. All of which helps make for a stable business.

Mike added “We are in a privileged industry at the moment. We like to think of ourselves as fairly dynamic though and being Government Certified across every product range in our Industry will help us to diversify as and when we need to.

“We’ve found Stepclever to be very helpful. They have a number of experts and third parties who can advise on a range of business related matters. We’ve sought advice from a number of these and it’s nice to know that help is only a phone call away. “

For more information about renewable Solutions UK Ltd, visit www.renewablesolutionsuk.com or call 0845 224 7001.