Last Mile Asset Management Limited

What Last Mile Asset Management Limited does

Last Mile Asset Management Limited, founded in 2016 and headquartered at Hamilton International Technology Park in Glasgow, is a national multi-utility adoption and asset management specialist operating as a subsidiary of Last Mile Infrastructure Group Limited. The company adopts and operates newly constructed electricity, gas, water and heat networks across Great Britain on behalf of Independent Connections Providers (ICPs) and developers, working across all DNO areas and all development types including non-standard and complex schemes. It is regulated by Ofgem as an Independent Distribution Network Operator (IDNO) for electricity, by Ofwat for water and wastewater, and is registered with the Heat Trust for heat networks, with all designed/installed/commissioned networks accredited by Lloyds Register.

The core platform is anchored by two proprietary digital tools: an Asset Adoption Portal that manages the full workflow from quoting through design acceptance, construction, land rights tracking and completion/AV payment, and a Land Rights Portal described as market-leading, operated by a dedicated in-house legal team. Supporting portals handle distributed generation enquiries and embedded capacity registration, and the company runs a 24-hour operational contact centre across water, heat and electricity supply emergencies, plus a Priority Services Register for vulnerable customers. The business has expanded into ambient heat networks through the Last Mile Heat joint venture with Rendesco, including the UK's largest water-source heat network at Welborne Garden Village, and serves marquee projects such as the Moto Tamworth ultra-rapid EV charging hub (the company's one-millionth connection), Buckland Development's Welborne masterplan, and infrastructure partnerships with GRIDSERVE, Actemium, Portsmouth Water and LSBUD.

The business model is a managed-services structure built on regulated long-duration infrastructure. Revenue is generated through asset adoption fees paid by ICPs at project completion plus ongoing regulated revenue streams from owning and operating electricity (350,000+ customers), gas and water embedded networks serving 400,000+ connected customers. Pricing is quote-based rather than publicly disclosed. Go-to-market is exclusively direct B2B via regional Business Development Managers and named Account Managers covering North and South UK, supported by a website, LinkedIn presence and selective industry sponsorship (e.g. EVIES awards). The company is privately held with no public funding rounds disclosed and is led by Managing Director Michael Blake.

Name

Last Mile Asset Management Limited

Legal name

Last Mile Asset Management Limited

Website

https://www.lastmile-uk.com

Company type

Private

Founded year

2016

Operating status

Operating

Short description

Last Mile Asset Management is a UK-regulated multi-utility adoption and asset management specialist that adopts and operates electricity, gas, water and heat networks for developers and Independent Connections Providers across Great Britain, managing over one million assets.

Ownership category

akta.pro rank

Product category

Multi-Utility Network Asset Management

NAICS

Electric Power Generation, Transmission and Distribution (2211), Utility System Construction (2371)

SIC

Electric Services (4911)

akta.pro primary industry

Gas Pipeline & Midstream Asset Management (EUAEAMAF)

Keywords

• Multi-utility adoption
• Utility asset management
• Distribution network operator
• Utility network connections
• Heat network operations

Headquarters

HQ city

Glasgow

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Asset Adoption Services: Last Mile Asset Management adopts and operates utility networks across all development types, including non-standard and complex networks. Revenue is generated through adoption fees for utility infrastructure assets constructed by ICPs.
2. Network Management: Ongoing operation and maintenance of adopted electricity, gas, and water networks across Great Britain

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Last Mile Asset Management adopts and operates multi-utility networks (electricity, gas, water, and heat) for new developments across Great Britain. Working with Independent Connections Providers (ICPs), housebuilders, and commercial developers, the company manages the end-to-end adoption process — quoting, design acceptance, land rights, construction, completion, AV payment, and ongoing network operation — across more than one million adopted assets.

Product overview

Last Mile Asset Management Limited operates as a national multi-utility adoption and asset management specialist, offering a comprehensive platform for managing utility networks across Great Britain. The core offering spans electricity, gas, water, and heat network adoption and management, serving over a million adopted assets. The product ecosystem is built around an Asset Adoption Portal that connects multiple service modules including Design Acceptance, Land Rights, Completion & AV Payment, and Streetworks. The company also operates sub-brands including Last Mile Heat (heat networks via joint venture with Rendesco) and Last Mile Water (water/wastewater). Supporting platforms include the Distributed Generation Portal for solar/battery applications, and specialized services for EV charge points, heat pumps, and Priority Services for vulnerable customers. Recent milestones include delivering the UK's largest low-carbon water-source heat network at Welborne Garden Village and marking one million utility connections through the Moto CHARGE hub project.

Differentiator

Problem solved

Functional benefit

Brands

• Last Mile Heat: Joint venture between Last Mile and Rendesco for heat network operations

Products and services

• Multi-Utility Asset Adoption and Management National multi-utility adoption and asset management specialist service that adopts and operates networks across all development types, including non-standard and complex projects, for Independent Connections Providers and developers across Great Britain; manages over one million adopted assets.
• Electricity Network Adoption Adoption and management of electricity distribution networks on behalf of Last Mile Electricity, an Ofgem-regulated IDNO delivering electricity via embedded networks to over 350,000 customers.
• Gas Network Adoption Adoption and management of gas distribution networks on behalf of Last Mile Gas Limited for new developments across Great Britain.
• Water and Wastewater Network Operations 24-hour operational water and wastewater network service including unplanned incident, emergency, and public health response managed via a dedicated contact centre.
• Heat Network Operations (Last Mile Heat) Heat network ownership, operation, and 24/7 monitoring service delivered by the Last Mile Heat joint venture with Rendesco; a Heat Trust-registered heat network supplier operating ambient heat networks including the UK's largest water-source heat network at Welborne Garden Village.
• Asset Adoption Portal Market-leading digital portal enabling Independent Connections Providers to submit and track asset adoption requests, manage land rights, and monitor project progress through the quoting, construction, and adoption stages.

Quantifiable outcome

• One millionth utility connection achieved with Moto Tamworth ultra-rapid charging hub
• +2 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature2 records

Partnerships

Six partnerships are on record, tiered core and minor.

• GRIDSERVEcoreStrategic or Co-development Partner · 1 January 2026Partner in Moto Tamworth ultra-rapid charging hub project, providing super-fast charging infrastructure as part of collaborative EV infrastructure deployment.
• ActemiumcoreStrategic or Co-development Partner · 1 January 2026Engineering and delivery partner for Moto Tamworth ultra-rapid charging hub, contributing to creation of 33kV connection, primary substation, and secondary substations.
• RendescocoreStrategic or Co-development Partner · 1 January 2025Design and build partner for heat networks. Joint venture Last Mile Heat, owned and managed by Last Mile, delivers ambient heat networks including the UK's largest water-source heat network at Welborne Garden Village.
• Linesearch Before U Dig (LSBUD)coreTechnology or Integration · 1 January 2021Last Mile Asset Management joined the LSBUD portal to make network drawings available to any party requesting them. LSBUD now responds to all search enquiries on behalf of Last Mile, protecting assets from accidental damage by third parties during excavation work.
• Women's Utilities Network (WUN)minorStrategic or Co-development PartnerLast Mile Group became a Women's Utilities Network partner to support inclusivity and diversity within the business and wider utilities industry. The partnership aims to tackle under-representation of women in the sector and help women build lasting careers in utilities.
• Portsmouth WatercoreStrategic or Co-development PartnerProvides underground Hoads Hill Reservoir water source for the ambient heat network at Welborne Garden Village, enabling first-of-its-kind water-source heat network technology in the UK.

Scale indicators5 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• E.ON UK: E.ON UK operates distribution, connections, and energy services businesses across electricity and gas, with deep involvement in housing developer connections. It overlaps with Last Mile in B2B utility infrastructure and residential development supply.
• SSE plc: SSE is a major UK-regulated utility with electricity distribution networks in the north of Scotland and southern England, and a heat networks business. It overlaps with Last Mile in regulated multi-utility infrastructure and operational heat network coverage.
• National Grid: National Grid operates high-voltage electricity transmission and, until divestment, gas distribution in the UK. It is comparable to Last Mile as a regulated infrastructure asset owner with Ofgem oversight and as a counterparty in GB utility connections.
• Northern Powergrid: Northern Powergrid is the electricity distribution network operator for the North East and Yorkshire regions. It is comparable as a regulated DNO that IDNOs must coordinate adoption activity with across its licence area.
• UK Power Networks: UK Power Networks owns and operates the regulated electricity distribution networks across London, the South East, and East of England. As a large incumbent DNO, it sets the regulatory and operational benchmark that IDNOs like Last Mile must interface with when adopting assets within its licence areas.
• Engie UK: Engie UK is a multi-utility operator with regulated networks, energy services, and a growing heat network portfolio. It is comparable to Last Mile across utility asset management, energy services, and heat network deployment.
• Severn Trent plc: Severn Trent is a major Ofwat-regulated water and wastewater utility serving central England and Wales. It provides a regulatory and operational benchmark for Last Mile Water's licensed water network operations.

Direct peers

• BUUK Infrastructure: BUUK Infrastructure is one of the UK's largest Independent Distribution Network Operators (IDNOs), adopting and operating electricity networks for new developments. It is the most direct UK-based comparable to Last Mile Asset Management's electricity IDNO and asset management business.
• GTC (now part of Brookfield Utilities UK): GTC is a UK IDNO that adopts gas and electricity networks for new residential and commercial developments on behalf of utilities. It competes head-to-head with Last Mile Asset Management for ICP and developer adoption mandates across Great Britain.
• Vattenfall Heat UK: Vattenfall Heat UK owns and operates low-carbon heat networks for residential and commercial customers, including large new developments. It is the closest peer to Last Mile Heat for ambient and water-source heat network operation in the UK.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/last-mile-asset-management

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Last Mile Asset Management Limited