Daily Management Review

Utilitywise Meets Management’s Expectation


The management consultancy, Utilitywise is well in line and has met management’s expectations.

Utilitywise, a “cost management consultancy”, reported that its six months’ performance that ended in the month if January 2016 has met the expectations of the management, whereby extrapolating the same result, the management thinks that the entire year’s performance will also “be in line”.
Giving an update on its trading front, the company stated that, as per its data, there will be a continuous “revenue growth” in “both UK divisions and the European operation”.
Moreover, adding the “gross order book” of this period from the “Enterprise division” equalled to “£40m”, while the rate of the contract “go live” has made an improvement in the first half. Consequently, the “group revenue pipeline” as on the 31st of January 2016 stood at “£24.7m”, a little below the previous year-end figures.
The headcount among the energy consultant remained at “625” in the end of January 2016, while in the respective figures of previous year were at 449 and the figures of July 2015 showed “610”. On the other hand, the customers’ numbers went by from “22,048” to “29,288 from” as per the end of January figures while in the month of July the respective figures were at “25,976”.
In the words of the Chief Executive, Geoff Thompson:
"We have made significant progress in the period and are well advanced in building our comprehensive energy solutions and services capability around our core procurement offering.
“In the second half, we will further increase Energy Consultant numbers and focus on productivity initiatives to further support revenue growth.”