Company Performance Metrics
Agora is an early stage start up for the 1st centralised B2C e-commerce marketplace platform for the entire UK heating industry, valued at £4.3bn per year (source: AMA research).
The Problem: Manufacturers are heavily reliant on high street merchants to sell their products, located in remote, hard to find industrial estates, that close 4pm
weekdays, weekends, bank holidays and offer limited stock and product availability This affects 2 million installers and their businesses throughout the UK that must regularly travel to purchase their goods and materials This also affects the growing trend of homeowners wanting to buy their own heating products that currently do not know where to go, what’s available or what to pay • 15 million homes in the UK are with insufficient heating systems and 4 million homes in fuel poverty. This is partly attributed to wrongly sized and installed heating systems that are both costly to buy, service and inefficient to run. Agora is the 1st to address these issues, helping installers and homeowners buy correctly sized central heating systems, reducing unnecessary travel to merchants and improving productivity. Agora modernises an industry in need of change
The solution: A centralised marketplace for manufacturers, merchants and distributors to sell to a larger, more receptive online market for the first time. • A sustainable, cost effective and scalable platform that offers consumers a convenient, immersive and enjoyable experience, in a real time environment providing more choice, more delivery and more collection options • A platform that benefits from two award winning 'system sizing apps’ (that took 2 years to build) for essential on-screen help to those wanting to calculate correctly sized (and high ticket) heating products such as boilers, radiators and underfloor heating, that can be purchased securely through the site. • A platform aimed at keeping build costs down and to work alongside current distribution networks, so no physical storage of items is required
Why us? • We are solution agnostic, which places us in a good position to bring this to the industry • We are the first to offer this, which gives us an early market advantage, but that could change in a year or two • We provide a solution to a real problem, for real people and real businesses • We offer a solution with strong growth prospects, a strong management team, a clear strategy, and a realisation of shareholder value
