Bridges Ventures invests £2m in Ardenham Energy

The investment was made to help expand the activities of the Buckinhamshire-based company beyond the South-East. The investment will also fund the expansion of the headquarters and the establishment of another office in Surrey.

Capital was sourced from Bridges Community Development Ventures Fund II, which closed on £75m in July 2007.

Bridges Ventures' investment in Ardenham was motivated by their interest in supporting companies that contribute to the fields of environment and health.

Company
Ardenham is an installer of renewable energy systems, particularly photovoltaic. The company caters to households, landowners, business and public sector clients. The company was founded in 2007 and received a certificate from the Micro-generation Certification Scheme in the year of its establishment as the first installer in the UK. Ardenham has also developed BarnSure, which is a solar photovoltaic solution specifically for agricultural buildings. It employs 20 people.

People
Harry Shepherd-Cross is the director of the company. Tom Fourcade and David Easton led the deal on behalf of Bridges Ventures. Fourcade will also join Ardenham's board of directors.

Advisers
Company – Argo St George (Corporate finance); Osborne Clarke (Legal); E-Financial Management (Financial due dilligence).

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• Topics
• UK / Ireland
• Expansion
• Industrials
• Bridges Ventures
• Cleantech