Utilitywise Announces Preliminary Results

Utilitywise Announces Preliminary Results

Utilitywise today announced its unaudited preliminary results for the year ended 31 July 2013.

Utilitywise today announced its unaudited preliminary results for the year ended 31 July 2013.

Financial highlights include:

  • Like for like revenue growth up 61%, largely driven by increased energy consultant headcount to 281.
  • Acquisitions of Clouds Environmental Consultancy Ltd, Aqua Veritas Consulting Ltd, and Energy Information Centre Ltd, adding further products, services, expertise and market reach.
  • 15,333 customers and 44,361 meters at 31 July (30 September 2012: 11,400 and 32,972 respectively) with an additional 550 customers and 23,000 meters added through EIC.
  • £16.6 million of secured contracts waiting to go live as at 31 July (31 July 2012: £7.1 million).

This is significant growth for Utilitywise in our first full year as a plc, driven by the hard work and dedication of our employees. Geoff Thompson, CEO, said: ”Our first full year as a plc has proved a very successful one. As well as delivering very strong organic growth we have been able to invest and build for the future. Integration of the three businesses that we acquired is progressing well and we have entered the new financial year with an improved suite of products and services to satisfy the wider energy needs of all businesses, regardless of size.

“The market in which we operate remains highly fragmented and we have still attracted only a very small percentage of our addressable market. Through our strong relationships with energy supply companies and our ability to identify customers and deliver the optimum solutions, we remain confident in the continued success of the Company.”

Read the full results.

Utilitywise

Posted by on Tuesday, the 15. October at 10.45

Utilitywise has been helping businesses manage their business utilities since 2006. With over 40,000 customers across Europe, we help businesses save time, save effort and save money by reducing their energy and water consumption.