One Utility Bill

Founders:
Chris Dawson & Dale Knight

Established:
2014

Investment:
2017

BACKGROUND

One Utility Bill has developed software that enables landlords and letting agents to create, quote, and set bill packages for their properties and residential tenants. The platform brings together standard household energy, internet & water bills into one cost and makes bill-splitting seamless for those in shared accommodation such as university students.

Chris & Dale have built the platform entirely in-house and now work with some of the largest property businesses in the industry. The platform is sold via estate agents and lettings agents (B2B) or can be used directly by individuals to simplify and centralise their monthly household bills (B2B).

Why we invested?

We saw the increase in university attendance along with the UK’s undersupply of housing (and therefore increasing need for shared accommodation) as a combination of tailwinds behind the businesses quality offering and felt it was a strong economic climate to grow the business.
Their award winning tech solution effectively addresses an everyday consumer hassle and saw brilliant growth prospects with sticky revenues and high customer satisfaction that will enable consistent growth in a large market making for an exciting investment proposition.

Moving Forward…

Since Middleton Enterprises made our initial growth capital investment, the company has experienced consistent growth since its inception and is on track to become a leading utilities provider. The next steps are to increase the sales pipeline by partnering with leading organisations which is well underway and proving to be highly successful, despite the difficult environment within the energy markets. We’re excited to be on the journey with such an impressive team and the opportunities available are significant.