28 June 2016

Utiligroup CEO crowned as private equity backed entrepreneur 2016

A CEO of a NorthEdge Capital portfolio company has been honoured at the North of England EY Entrepreneur of the Year 2016 awards.

Matthew Hirst, chief executive of Utiligroup, took home the crown for Private Equity Backed Entrepreneur of the Year. Hirst was praised by the judges for bringing disruption to the energy sector, his focus on growth and transformation of the business model to Software as a Service (SAAS).

He has led the Chorley-based software solutions company through a period of rapid growth with long term contracted turnover increasing over 200 per cent between 2014 and 2016, driven by the continued growth in the independent energy sector. The business is well positioned for further rapid growth from September of this year when the national smart meter roll out starts, with Utiligroup well placed to support a number of key market participants through a new to market software solution that the business has been developing.

Held at the Lowry Hotel in Salford and hosted by BBC Breakfast presenter Steph McGovern, the awards dinner honoured business leaders across 10 categories. The northern finalists will now go on to represent the region at the UK finals in October 2016.

Others recognised at the event included Anita Kenyon, CEO at Arthouse and Carl Cavers, CEO at Sumo Digital, both of whom are backed by NorthEdge.

Dan Wright, Partner at NorthEdge, said: “It’s a fantastic achievement to be recognised by such a prestigious award that celebrates entrepreneurialism. It is leaders like Matthew who help to deliver jobs and create wealth in the North of England and are driving the UK onto a global stage. We will continue to work with Matthew and the rest of our portfolio companies to make a real difference across the North.”

Contact our press offices at MC2 for more information. northedge@thisismc2.com 0161 236 1352

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