Ice Energy 17th in the Sunday Times Virgin Fast track 100

Oxfordshire based company, Ice Energy Heat Pumps Ltd has been ranked 17th in the latest Sunday Times Virgin Fast Track 100 annual league table published this weekend. The league ranks Britain’s top 100 private companies with the fastest-growing sales over a three year period.

Ice Energy is the UK’s leading Ground Source Heat Pump company with more installations and sales than any other firm. The company was founded in 1994 and is headed by Andrew Sheldon and Andrew Hillier. Ice Energy has grown massively with a 140.8% annual sales growth in the last 3 years, from sales of £360,000 in 2004 to £5million in 2007.

Andrew Sheldon, Managing Director and joint founder of Ice Energy said,

“This is a fantastic achievement for the whole team at Ice Energy and represents our continuing dedication to promote the use of environmentally friendly heating products. The UK is waking up to the use of renewable energy but we still have a long way to go before we catch up with the leading European countries. Ice Energy is in a unique position to help forge UK energy policies for the future as fossil fuel costs spiral out of control.”

Ground source heat pumps use renewable solar energy stored in the customer’s own garden, and has the added benefit of saving up to 70% of running costs over oil or LPG. With the price of oil increasing by over 50% in the last month to almost $100 a barrel, ground source heat pumps offer an alternative vision for the future.

Download the Full Virgin Sunday Times Report Here