Finance for Solar Panels: Esspee

Background

Esspee is a leading UK supplier of resistant materials and has been providing premium machine engineering solutions and performance plastics to industries worldwide since 1964. With a reputation for supplying some of the market’s most heat-resistant and technically advanced materials, the company is committed not only to quality but also to operational efficiency.

Challenge

In recent years, Esspee faced increasingly high energy costs, and recognised that improving sustainability through reducing its environmental impact would be beneficial. To address these needs, Esspee began exploring the feasibility of integrating Solar PV into its operations and after a competitive tender process which highlighted sensible pricing and a solution that could provide them with the best service, they decided it could be the right solution for them to move forwards with.  

When looking at finance solutions to support the project, they realised that staged payments were often a barrier and something that they needed to be taken into consideration for any finance solution they decided to utilise.  

Solution

Esspee decided to move forward with Bluestone due to the expertise and flexible funding approach they were able to provide, as well as their ability to provide stage payments - a key factor in moving the project forward.

Bluestone worked closely with Esspee to understand their requirements and arranged a £59,000 hire purchase to finance the project. The monthly repayments were less than the savings, meaning the project delivered immediate financial neutrality with long-term gain. The entire process from the first conversation to full installation took just four months.

“Working closely with Esspee allowed us to fully understand their operational priorities and project timelines, so we could tailor a flexible finance solution with staged payments that supported the Solar PV installation without putting pressure on cashflow, while delivering immediate cost neutrality and long-term energy savings.”

Mark Johnston, Key Account Manager at Bluestone

Esspee’s solar investment demonstrates how the right technology — combined with the right finance partner — can simultaneously reduce operational costs, protect business cashflow, and support long-term sustainability goals.

*The amount a business can borrow will depend on the unique circumstances of the business and eligibility. Bluestone is committed to ensuring that our clients make informed financial decisions based on their requirements and always recommend that our clients seek independent financial advice from an authorised source before committing to any financial agreements.

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