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Kensa heat pump business sees 82% rise

UK: The Kensa Group, the ground source heat pump manufacturer and installer, has recorded an 82% rise in sales to £25.14m for the year to April 30.

With sales to private householders, self-builders, social landlords and housebuilders, as well as launching a new division targeting installations in the commercial building sector, the company produced a profit of £0.62m.

Group CEO Simon Lomax described the results as a significant development in the Group’s activities and “all the more remarkable given the challenges presented by Covid-19 and Brexit”.

“Our employees, clients and supply chain partners also displayed remarkable resourcefulness to complete projects ahead of the closure of certain subsidy schemes, notably the Non-Domestic Renewable Heat Incentive.” 

“The Group has substantial cash reserves and is well-placed to continue its growth to complement the government’s emerging heat pump deployment strategies to achieve 600,000 installations a year by 2028,” he added.

Kensa Heat Pumps, the group’s manufacturing business, saw revenues rise over 60% to £7m. 

Headquartered in Truro, and with a commercial office in Exeter, the Kensa Group was established in 1999 and is part-owned by Legal and General Capital following an investment in April 2020. 

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