Utilitywise performance ahead of expectations

South Shields-based energy consultancy business Utilitywise said performance in the six months to February is ahead of management expectations

South Shields-based energy and utilities consultancy Utilitywise
South Shields-based energy and utilities consultancy Utilitywise

South Shields-based energy consultancy business Utilitywise said performance in the six months to February is ahead of management expectations for both revenue and adjusted profit before tax in the period.

As at January 31, 2014, the value of contracts secured but not yet live stood at a record £23.8m from £18.2m as at September 30, 2013.

The firm, which also has offices in Portsmouth, Redditch, Leicester and Bury St Edmunds, has enjoyed a string of successes; most recently it secured a US patent on its smart energy monitoring system.

Businesses large and small rely on Utilitywise for their energy management needs. Clients range in size from single site SMEs to multinationals with thousands of sites and cover the whole of the UK.

Geoff Thompson, chief executive of Utilitywise, said: “The Company has performed well in the first half of the year, with a significant increase in both revenue and adjusted profit before tax on the previous year. We look forward to the remainder of the year with confidence.”

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