The Utility Warehouse Discount Club
- Telecom plus Report
The Utility Warehouse Discount Club / Telecom plus PLC
Telecom plus PLC was incorporated in 1996 and began operations in 1997 providing a unique range of low-cost telephony services to the residential and Small Office / Home Office (SOHO) markets. The Utility Warehouse Discount Club / Telecom plus PLC shares are traded on the Stock Market through the London Stock Exchange.
The Utility Warehouse Discount Club is regularly featured favourably in the UK National Press
The Utility Warehouse Discount Club is the only referal marketing company licenced by the UK Government's Office of Gas and Electricity Markets (OFGEM) to market these energy supplies in the UK. The Utility Warehouse Discount Club is also monitored by The UK Government's regulator for the telecommunications industry (OFTEL).
The Utility Warehouse Discount Club
he objective is to save their Customers money by providing significantly better value than they were previously receiving from monopoly suppliers like BT.
The Utility Warehouse Discount Club use the collective buying power of lots of individual small users to negotiate bulk buying deals with major suppliers, passing the benefit back to their customers. The Utility Warehouse Discount Club advanced billing system means the customer receives a single monthly bill from us covering all the services we provide. The Utility Warehouse Discount Club save on administration, postage and processing costs. The Customer gets the best value available!
The Utility Warehouse Discount Club Report / Telecom plus PLC / 2006 figures and progress:
Turnover up 32% to £68.5m (2005: £51.9m)
Profit before tax up 9% to £5.5m (2005: £5.1m)
Net cash balance up £18.7m during the period
Interim dividend of 2p per share (2005: Nil)
Services provided up 5% to 521,000 during the period
Launch of attractive new broadband packages
Positive contribution from energy, with npower agreement protecting Telecom plus from fluctuations in wholesale energy markets
The Utility Warehouse Discount Club's Chairman, Peter Nutting, said: “The difficulties of last winter are now firmly behind us, and the business is now in excellent shape. We are confident of delivering results for the full year which exceed our previous best pre-tax profits of £10.5m to 31 March 2005, and we look forward to the future with renewed confidence.”
