About Banks Group
Banks Group is a company based in Durham (United Kingdom) founded in 1976 by Harry Banks was acquired by Brookfield Asset Management in February 2024.. Banks Group offers products and services including Banks Property, Banks Mining, Banks Homes, and Banks Plant Solutions. Banks Group operates in a competitive market with competitors including Lightsource BP, GRIDSERVE, Hive Energy, Empower Energies and Elgin, among others.
- Headquarter Durham, United Kingdom
- Founders Harry Banks
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Banks Group
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$257.81 M (USD), Debt – Venture
Mar 03, 2017
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Investors
ING
& 5 more
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Employee Count
Employee Count
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Acquired by
Brookfield Asset Management
(Feb 14, 2024)
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Products & Services of Banks Group
Banks Group offers a comprehensive portfolio of products and services, including Banks Property, Banks Mining, Banks Homes, and Banks Plant Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Develops land for residential and commercial use sustainably
Operates and restores surface mineral sites responsibly
Builds energy-efficient homes in targeted regions
Provides plant and equipment management services
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Funding Insights of Banks Group
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Venture — $257.8M
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First Round
First Round
(03 Mar 2017)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2017 | Amount | Debt – Venture - Banks Group | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Banks Group
Banks Group has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include ING, National Australia Bank and Santander. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Focus is placed on real estate and renewable energy investments.
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Founded Year | Domain | Location | |
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A global financial services organization with Australian heritage is operated.
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Founded Year | Domain | Location | |
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Commercial banking services are provided to individuals and institutions globally.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Banks Group
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Banks Group
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Banks Group Comparisons
Competitors of Banks Group
Banks Group operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Lightsource BP, GRIDSERVE, Hive Energy, Empower Energies and Elgin, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Solar energy projects are developed and operated by Lightsource BP.
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| domain | founded_year | HQ Location |
Developer of solar energy projects
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| domain | founded_year | HQ Location |
Developer of solar projects on a distributed scale
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| domain | founded_year | HQ Location |
Solar projects are developed and installed by the company.
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| domain | founded_year | HQ Location |
Developer of solar renewable energy power projects
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Banks Group
Frequently Asked Questions about Banks Group
When was Banks Group founded?
Banks Group was founded in 1976 and raised its 1st funding round 41 years after it was founded.
Where is Banks Group located?
Banks Group is headquartered in Durham, United Kingdom.
Who is the current CEO of Banks Group?
Harry Banks is the current CEO of Banks Group. They have also founded this company.
What does Banks Group do?
The Banks Group was founded in 1976 and is headquartered in Durham, United Kingdom. Operations focus on the renewable energy sector, where services for wind and solar farm development are provided. Expertise is applied in project management, construction, and maintenance across various sites in the UK. Leadership is held by Harry Banks as founder and CEO, with activities centered on sustainable energy infrastructure.
Who are the top competitors of Banks Group?
Banks Group's top competitors include Lightsource BP, GRIDSERVE and Hive Energy.
What products or services does Banks Group offer?
Banks Group offers Banks Property, Banks Mining, Banks Homes, and Banks Plant Solutions.
Who are Banks Group's investors?
Banks Group has 6 investors. Key investors include ING, National Australia Bank, Santander, Macquarie Group, and Rabobank.