Brad Groves

New partnership set to accelerate GAS’ growth plans

Great Annual Savings Group (GAS) is delighted to announce a major new partnership with Manchester-based Tosca DC, a fund serving the UK’s most ambitious businesses to deliver market-leading growth.

Founded in 2012 by Chief Executive Brad Groves, GAS operates across the UK and Ireland, serving more than 6,000 customers from our Seaham headquarters.

The investment, a deal worked on with long-term partners GCA Altium, will allow GAS to continue its growth trajectory, further penetrating the SME energy intermediary market and facilitating an exit for early-stage private investor shareholders.

It will provide a growth fund to accelerate the Group’s exciting expansion plans, which were revealed at the business’ annual staff conference in July.

Groves said: “The group’s new partnership with Tosca represents a significant milestone in our exciting journey. The investment will facilitate significant growth plans over the next 12 months and help us work towards our vision of becoming the leading UK provider of great cost savings to businesses.

“I would like to personally thank all parties involved in this process and we look forward to working with the team at Tosca on our next phase of growth.”

Adrian Reed, managing director at GCA Altium, said:  “GAS has grown into a market-leading provider of cost-saving services to UK SMEs. This success has been built upon a unique company culture that runs throughout the team in everything they do.

“It has been a pleasure to have worked with Brad, Matt Herrell (Associate Finance Director) and everybody involved to achieve this investment which will enable significant further growth and ongoing success.”

The TDC investment was led by founder and partner Gary Davison, who was supported by Stuart Thwaites and Oliver Reece. Addleshaw Goddard provided legal advice.

Keep an eye on our news section for more exciting developments for GAS in 2019.

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Paul JohnsonGroup Financial Director

Paul Johnson is very much a home-grown talent.

He joined Great Annual Savings Group in its infancy, fresh from a youth career as a professional footballer with Hartlepool United.  He quickly established a reputation within the business and aced all required accountancy qualifications in the space of four years to become the Group’s Management Accountant.

Several successful projects later, Paul was promoted to Head of Finance.  When the former FD left GAS, he took on the mantle of the business’ most senior finance professional; boasting a string of incredible achievements all under the age of 30.

Quote:

“I have witnessed phenomenal growth at the Group over the many years I’ve worked here and I’m looking forward to guiding the Group into an exciting new chapter.”

Interesting fact:

Paul made his professional debut for Hartlepool United against Bournemouth in the Football League.  Some say Danny Ings still resides in his pocket to this day.