About Stroma Energy

Founded in 1998 Stroma is one of Europe’s largest suppliers of Solar Energy Technology. It serves over 300,000 customers daily enabling companies and organisations to reduce the cost of the FIT.

“VMC’s funding supported our company’s period of growth and enabled us to use our own resources to invest in marketing and services, which in turn will support the business further. We have an average spend on IT equipment per month which is usually batched up quarterly, so it was great to find out that VMC could combine deals on a quarterly basis and then fund via a Sale & Leaseback.”

Phil Turner,
Director of Information Technology, Stroma

What did Stroma want to achieve?

For the past ten years Stroma has been at the forefront of the UK’s Solar Energy Technology, operating in an industry driven by innovation where it is vital to stay ahead of the latest advancements in technology. A change in strategy meant Stroma required funding to purchase IT equipment to provide managed hosting services to its customers.

How did VMC help?

Stroma required a finance partner that could provide a worry-free flexible asset finance and an end of life disposal solution. VMC’s technology division, VMC Technology Services (LTS) was able to handle all WEEE (Waste Electrical and Electronic Equipment) compliant disposal responsibilities and created a credit line facility. VMC proposed a tailored Sale & Leaseback solution which would enable Stroma to fund the purchase of assets without drawing on existing capital. LTS’ unique IT funding solution met Stroma’s requirements and allowed the company to maximise cashflow to assist in future growth.

“We have an average spend on IT equipment per month which is usually batched up quarterly, so it was great to find out that VMC could combine deals on a quarterly basis and then fund via a Sale & Leaseback.”

Phil Turner,
Director of Information Technology, Stroma