The Nü Savings Group (NSG) is a Management consultancy. We diligently help businesses improve their performance and growth by solving problems and finding new and better ways of doing things. We help develop their services and, where applicable, reduce costs and make savings.
What makes us different is our USPs. Firstly, we have lower overheads than brokerages in the same industry, which means we can make decisions quickly and pragmatically to meet a specification and leverage a better price. Secondly, we have vast experience in company law, insolvency, and forensic accounting. Our business model is to appraise businesses based on enhanced due diligence, credit risk worthiness and will look to provide your business with procurement savings.
WHAT IS YOUR UNDERSTANDING OF PROCUREMENT IN THE UK?
Procurement is the buying and selling of products and services. Prior to Brexit, the European procurement market was worth up to £1.5 trillion pounds, with public government expenditure (in the United Kingdom alone) being worth £700 billion. However, the market is oversaturated with direct suppliers, white label resellers (rebranded direct suppliers), price comparison sites (selling third-party products), and brokerages competing for your business.
WHAT IS THE MAIN PROBLEM?
You will not be the first nor the last company asking this same question. The answer? Mis-selling. NSG receives hundreds of calls, messages on social media, and emails asking for help. The biggest problem we often hear is: "We've been mis-sold an energy contract, a payment machine, [or another product]." With many industries, the business market is regulated through The Financial Conduct Authority. Unfortunately, OFGEM and OFWAT the regulatory bodies responsible for energy and water are unregulated, with over 6500 brokerages fighting for the same client, the result? A business can receive up to 50 calls a day from these companies alone. Whereas NSG provides a client with a vast range of our products and services, and it is your decision if you wish to work with us. No repeated calls. No countless emails. Refreshing? We think so!
WHY DO WE FACE SO MANY CALLS?
The energy market in particular can be a lucrative market, especially for unscrupulous brokerages. You will have or been approached by fly-by-night companies, who will make their profit and when you need any help they have disappeared or relocated. The reality is that these companies play on a business's fears or passions, but the end result is always the same. A business contract unfit for purpose and/or expensive.
SHOULD WE BE GENUINELY CONCERNED?
Energy is a difficult topic because it is true that businesses will face a difficult future. You will have seen the closure of old fossil fuel power plants, and the advance of renewable technologies such as wind farms and solar power. But the reality is that 'green' energy will not meet the demands of the National Grid. As more government regulations are enacted at a time when there is high demand and low supply, we predict energy will only get more expensive. It is inevitable that countries will eventually fight for the same limited resources. At this juncture, there are two possible avenues: rolling blackouts to balance the network grid or more investment in alternative technologies to make up the difference.
Examples that we have witnessed are:
Biomass Outages - Drax;
CCGT Gas Outages - Carrington, Fawley, Pembroke, Kings Lynn, Coryton;
Decommissioning of Coal plants;
Nuclear Outages - Hinkley B, Heysham 1, and Dungeness B);
Lower wind generation than expected in wind fields;
Lower interconnector availability from Europe (mainly France) due to reduced output at nuclear power stations;
Notwithstanding, the effect of the Covid19 worldwide pandemic, as seen with the rise of protectionism in the European Union and geopolitical events such as Suez Canal-Evergreen. At NSG, we are always one step ahead of our rivals and can provide market reports of the energy market and keep you protected from such risks.
WHY SHOULD WE TRUST YOU?
We are clear with our communication and the ability to tell you how it is. You are under no obligation to accept our products or services unless an authorized person or entity has signed a legally binding written or digital contract with our group.
We provide a free 30-minute consultation and then charge a fixed fee hourly rate and a fixed percentage (20%) on the savings we have provided for your company.
WHAT CAN YOU DO TO HELP US?
NSG, alongside our preferred partners, are at hand to help businesses meticulously analyze their procurement processes, review their property portfolio and provide the right solutions to fit their business model. Get in touch via email@example.com or call us on 07383 990742.