What Earnz does

EARNZ PLC (AIM: EARN) is a UK-listed energy services group operating a buy-and-build platform focused on residential and commercial decarbonisation. Originally listed as Verditek PLC, the company rebranded in 2024 and pivoted to acquiring and integrating regional energy services businesses. The group now owns six subsidiaries: Cosgrove & Drew (mechanical engineering and facilities management), South West Heating Services (heating installations and maintenance), A&D Carbon Solutions (whole-home retrofit in Wales), Warm Low Living (Yorkshire-based retrofit), National Retrofit Solutions (insurance sector insulation), and Zero Carbon Group (energy efficiency services, pending shareholder approval). Subsidiaries retain their brands and local delivery teams while accessing PLC-scale governance, capital, and tendering capability through the parent.

The group delivers whole-building decarbonisation services including external wall insulation, cavity wall insulation, loft insulation, air source heat pumps, solar PV, mechanical ventilation, and heating upgrades under a fabric-first methodology. Revenue is generated through project-based contracts funded primarily by UK Government programmes (ECO4, Social Housing Decarbonisation Fund) and direct tenders from local authorities, housing associations, and commercial clients. Cosgrove & Drew and South West Heating Services additionally generate recurring managed-services revenue from ongoing maintenance, compliance, and reactive repair contracts. The group is led by Chairman Bob Holt OBE, who previously scaled Mears Group to ~£1bn revenue, with CEO Peter Smith appointed to execute the acquisition strategy. Marketing and lead generation rely primarily on direct public sector sales, competitive tendering, and tier-1 contractor partnerships (e.g., Equans on the Bradford City Council contract).

Name

Earnz

Legal name

EARNZ PLC

Website

https://earnzplc.com

Company type

Public

Founded year

2024

Operating status

Operating

Headcount range

11–50 employees

Short description

EARNZ PLC is an AIM-listed UK energy services group that acquires and integrates regional retrofit, heating, and decarbonisation businesses, delivering whole-building insulation, ventilation, and renewable upgrades to housing associations, local authorities, and commercial clients via government-funded programmes.

Ownership category

akta.pro rank

Product category

Energy Services and Building Retrofit

NAICS

Drywall and Insulation Contractors (238310)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Energy Efficiency & Green Retrofit Financing (FSALAHAK)

akta.pro secondary industries

Waste Heat Recovery & Heat Integration (HRSG/ORC, Pinch Analysis, Heat Exchangers) (EUABAJAF), Heat Integration & Energy Efficiency for Capture Retrofits (Steam Supply, Waste Heat Recovery, CHP Integration) (EUAAALAK)

Keywords

• Energy retrofit services
• Building decarbonisation
• Heating installations
• Insulation services
• Renewable energy solutions

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Energy Efficiency and Retrofit Services: Project-based revenue from delivering insulation, ventilation, heating installation, and renewable energy solutions to residential and commercial properties. Revenue is generated through government-funded programmes (ECO4, Social Housing Decarbonisation Fund) and direct contracts with housing associations and local authorities.
2. Maintenance and Facilities Management Services: Ongoing maintenance, compliance, and reactive services for heating and plumbing systems. Cosgrove & Drew and South West Heating Services deliver these services under contract to housing providers and commercial clients.
3. Commercial Solar Installation: Design, installation, and technical support for commercial and industrial solar PV systems, working with UK-wide partners to serve business clients.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

EARNZ plc is an AIM-listed energy services group that acquires and grows regional specialist businesses delivering whole-building retrofit, heating, insulation, and decarbonisation services to UK residential and commercial properties. Through its subsidiaries (Cosgrove & Drew, South West Heating Services, A&D Carbon Solutions, Warm Low Living, National Retrofit Solutions), the group delivers fabric-first energy upgrades including external wall insulation, cavity wall insulation, loft insulation, air source heat pumps, solar PV, mechanical ventilation, and ongoing maintenance, leveraging government incentive programmes such as ECO4 and the Social Housing Decarbonisation Fund.

Product overview

EARNZ plc is an energy services group operating a platform-plus-subsidiaries model. The parent company acquires and integrates regional businesses focused on decarbonisation and net zero, delivering whole-building fabric approach services through five acquired subsidiaries: Cosgrove & Drew (mechanical engineering and facilities management), South West Heating Services (heating installations and maintenance), A&D Carbon Solutions (whole-home retrofit and decarbonisation), Warm Low Living (Yorkshire-based retrofit services), and National Retrofit Solutions (insurance sector retrofit). The group serves residential and commercial properties across the UK, focusing on heating, energy efficiency, and boiler replacement services, in partnership with public and private sectors and government incentive programmes.

Differentiator

Problem solved

Functional benefit

Products and services

• Cosgrove & Drew Award-winning asset and energy support services company focusing on major mechanical engineering projects for public sector commercial sites and facilities management, providing maintenance, compliance and reactive services for heating and plumbing systems to housing providers, councils, and commercial organisations.
• South West Heating Services Heating solutions provider delivering high-quality heating installations, maintenance and services for individual homes and large-scale commercial builds across the South West of England.
• A&D Carbon Solutions Whole home retrofit and decarbonisation services provider specialising in improving EPC ratings and delivering fabric-first energy efficiency measures including insulation, ventilation and renewable installations across Wales and the South West.
• National Retrofit Solutions Retrofit insulation solutions provider supporting insurance sector clients with property upgrade services to reduce claims and improve building performance.
• Warm Low Living Practical whole-home retrofit services provider based in Yorkshire, delivering insulation, ventilation upgrades and renewable energy solutions for privately owned homes, including the Bradford City Council contract delivered in partnership with Equans.

Quantifiable outcome

• 92 homes upgraded in Bradford City Council contract first phase
• +2 more outcomes

Named customers7 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Two partnerships are on record, tiered core.

• EquanscoreStrategic or Co-development Partner · 1 October 2025EARNZ subsidiary Warm Low Living is delivering the Bradford City Council retrofit contract in partnership with Equans. The programme covers insulation, ventilation upgrades and renewable energy solutions for privately owned homes, demonstrating EARNZ's ability to collaborate with major energy services providers on large-scale public sector programmes.
• Bradford City CouncilcoreStrategic or Co-development Partner · 1 October 2025Major contract for first phase of retrofit programme covering 92 privately owned homes with insulation, ventilation and renewable energy solutions. This contract established Warm Low Living, a new EARNZ subsidiary based in Yorkshire, and created the foundation for EARNZ's northern England expansion.

Scale indicators9 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Mears Group: UK support services group providing maintenance, repairs, and decarbonisation services to social housing and public sector clients. Highly comparable business model to EARNZ and the same chairman (Bob Holt OBE) scaled this business to ~£1B revenue, providing a direct strategic template for EARNZ's buy-and-build approach.
• Sureserve Group: UK energy services and compliance group focused on social housing decarbonisation, heating, and regulatory compliance. Directly comparable to EARNZ in customer base (housing associations, local authorities), service mix, and government-funded programme exposure; Bob Holt OBE is also Chairman of Sureserve.
• Keepmoat: UK homebuilder and regeneration contractor with a substantial retrofit and refurbishment operation serving housing associations and public sector clients. Comparable to EARNZ in whole-home retrofit, insulation, and energy efficiency services for social housing.
• United Living Group: UK infrastructure services group delivering planned maintenance, retrofit, and energy efficiency upgrades to social housing and public buildings. Comparable to EARNZ in decarbonisation services delivery model, customer base, and exposure to SHDF-style programmes.
• Bell Group: UK building services contractor delivering planned maintenance, refurbishment, and energy efficiency upgrades to social housing. Comparable to EARNZ's Cosgrove & Drew and South West Heating Services subsidiaries in service mix, customer base, and regional delivery model.

Broad incumbents

• Mitie Group: Large UK facilities management and energy services group with a decarbonisation and retrofit practice. Comparable to EARNZ in target customers and service scope, but operating at much greater scale and with a broader portfolio beyond housing.
• Equans: Major UK and European energy services and facilities management business and a delivery partner of EARNZ on the Bradford City Council contract. Comparable in retrofit, heating, and energy efficiency services, with substantially larger scale and framework position.
• Centrica (British Gas): UK energy supplier and services group whose British Gas division delivers boiler installation, servicing, and increasingly whole-home retrofit. Comparable in residential heating and energy services, but operating at vastly greater scale with a national consumer brand.
• ENGIE UK: Global energy and services group with significant UK operations in district heating, retrofit, and energy services. Comparable to EARNZ in decarbonisation services for buildings, but with much broader capability and international parent backing.
• Veolia UK: UK environmental services and energy group with a building energy services and decarbonisation division. Comparable to EARNZ in energy efficiency and retrofit delivery, but operates across a much wider portfolio including waste, water, and utilities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/EARNZplc

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries6 records

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Earnz