South Tyneside energy consultancy Utilitywise has been recognised for its performance on the AIM stock exchange with a nomination for a national award.
The company, based in South Shields, has been shortlisted for the AIM Awards 2013 in the Best Use of AIM category, after becoming the first North East firm for five years to float on the stock exchange in June 2012. The category is aimed at recognising the work of companies nationwide who have used their arrival in AIM to help expand their operations and build on their standing in their sector.
In April, Utility-wise, which employs around 600 staff, reported pre-tax profits of £2.1m and sales of £10.2m in the six months ending January 31. Chief executive Geoff Thompson said: “It’s great news for both Utilitywise and the profile of North East businesses as a whole that we’ve been shortlisted for this award.
“This is a very exciting time for Utilitywise and we plan to continue developing and growing the company from our base in the region.”
The awards, organised by the AIM Club, celebrate outstanding achievement on the world’s most successful growth market.
Now in its 18th year, the AIM Awards Dinner attracts over 1,300 guests including representatives from AIM quoted companies and their advisers, making it the largest AIM gathering in the City calendar.
This year’s event will take place in London on October 10.