Case study 2: How we brightened up McColl's balance sheet with LEDs
McColls are a rapidly growing retailer, running 1366 convenience stores. As lighting accounts for almost 25% of energy consumed, McColls wanted to introduce LED lighting. We outlined the finance options and arranged £2.7m in commercial loans to access on a drawdown basis.
Spreading the cost helped conserve working capital and liquidity within the business. As LED systems could save 35% of store lighting costs, there will also be a significant return on investment over future years, translating into an 11% saving on overall electricity costs, (around £1m per year). They will also reduce their carbon footprint by around 1,000 tonnes p.a.