1. Introduction
We are pleased to present this Chair's report, which provides an overview of measurable.energy’s performance, strategic initiatives, and future outlook as we continue our mission to revolutionise energy efficiency and eliminate all wasted energy in buildings.
In this report, we highlight key achievements, including significant CO2 reductions and energy savings realised by our clients, such as Tortilla, NHS Cornwall, PKF Francis Clark, and Stink Studios, who have partnered with us to achieve their sustainability goals.
2. Company Overview
measurable.energy is transforming the way businesses and households manage their energy, providing real-time monitoring and automated control, our system reduces energy waste, lowers costs, and shrinks carbon footprints effortlessly. With sustainability at the core of our mission, we're not just saving energy—we're driving a global movement towards smarter, more efficient energy use.
Our AI-powered technology eliminates wasted plug power – energy consumed by devices left on standby or idle – to reduce energy costs and carbon emissions. This wasted energy can account for up to 40% of total electricity usage in commercial buildings and 95% in site accommodation.
Tortilla, a leading European restaurant chain, reduced their carbon emissions by 34%, and achieved a 32% reduction in energy consumption across their facilities, thanks to our energy-saving technology. Similarly, NHS Cornwall halved their energy use and CO2 emissions within 12 months, marking a 59% reduction in energy consumption and a 57% reduction in carbon emissions.
3. Market Opportunity
The global push towards sustainability and the increasing regulatory focus on energy efficiency present a significant market opportunity for measurable.energy. Governments and industries worldwide are adopting stricter environmental regulations and policies aimed at reducing carbon footprints, which is driving demand for innovative energy-saving solutions.
One key regulatory development in the UK is the mandatory Energy Savings Opportunity Scheme (ESOS). Compliance with ESOS and similar regulations across Europe and other regions is not only mandatory but also an opportunity for businesses to reduce costs and enhance sustainability. Our clients, such as Tortilla and NHS Cornwall, have implemented measurable.energy’s technology to meet regulatory requirements while achieving impressive reductions in energy consumption and CO2 emissions.
The increasing emphasis on corporate social responsibility (CSR) is also motivating businesses to adopt smart energy management solutions. With early success in the corporate real estate, hospitality, and healthcare sectors, where energy efficiency is becoming a competitive differentiator, we are well-positioned to expand into new verticals and regions. Our unique product offering positions us to capture a substantial share of this growing market, helping more businesses achieve their sustainability goals while complying with stringent regulations.
4. Financial Performance
measurable.energy has made significant investments in developing our cutting-edge product lineup, while also building a strong management team and business infrastructure designed to support scalable growth and long-term success.
Our financial strategy has been focused on reinvesting profits into research and development (R&D) to maintain our technological edge. The company remains well-capitalised with a strong balance sheet, and we have successfully maintained a positive cash flow, which is critical as we scale our operations.
5. Strategic Partnerships and Collaborations
Strategic partnerships are a cornerstone of our growth strategy. We continue to forge alliances with tech companies. These partnerships not only expand our market reach but also enhance the functionality and value of our products.
6. R&D and Innovation
Innovation is at the heart of measurable.energy. Our commitment to R&D has led to continuous improvements in our products, including enhanced AI capabilities that provide predictive analytics for energy usage. We are also exploring new technologies such as machine learning algorithms that can further optimise energy consumption patterns.
Our recent innovations, such as the predictive analytics tool, have been instrumental in helping clients like Stink Studios, a creative advertising company, to implement rulesets to help them achieve a 25% reduction in energy use and a 22% reduction in CO2 emissions, demonstrating the practical impact of our R&D efforts.
Our pipeline includes several promising projects aimed at expanding our product suite and entering new markets. We believe these innovations will drive the next phase of growth and provide significant value to our stakeholders.
7. Environmental and Social Impact
measurable.energy is not just about profitability; we are deeply committed to making a positive environmental impact. By reducing energy wastage, our technology contributes to lower carbon emissions, helping businesses and individuals play their part in combating climate change.
In early 2024, measurable.energy announced a strategic partnership with Morgan Sindall, a leading construction and regeneration group in the UK. They will integrate our technology into their projects to enhance energy efficiency and deliver environmentally responsible infrastructure solutions.
8. Future Outlook
Looking ahead, measurable.energy is well-positioned to capitalise on the growing demand for energy efficiency solutions. Our expansion plans include increasing our presence in international markets, particularly in regions where energy costs and environmental concerns are driving the adoption of smart technologies.
We are also exploring options for new product lines that complement our existing offerings, thereby creating additional revenue streams.
9. Investment Proposition
For new investors, measurable.energy represents a compelling opportunity to invest in a company with a strong growth trajectory, a commitment to innovation, and a clear focus on sustainability.
Our proven track record, including substantial CO2 reductions and energy savings achieved by clients such as PKF Francis Clark – who achieved a 38% reduction in energy consumption using our technology – positions us as a reliable and impactful investment in the energy efficiency sector.
10. Conclusion
In conclusion, measurable.energy remains committed to delivering sustainable growth through innovation, strategic partnerships, and a focus on environmental stewardship. We thank our current investors for their continued support and welcome new investors to share in our success.
The directors present their annual report and financial statements for the Period ended 31 December 2023.
The directors who held office during the Period and up to the date of signature of the financial statements were as follows:
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
Measurable Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Reading Business Centre, 8th Floor (RBC) Fountain House, 2 Queens Walk Reading, Berkshire, RG1 7QF.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
The average monthly number of persons (including directors) employed by the company during the Period was: