Utilitywise sees boost to profits before tax as new exec named
Utilitywise yesterday revealed an increase of profit before tax of 25 per cent to £16.7m for its year ended 31 July 2015.
Revenue for the utility management consultancy, which counts HSBC and Krispy Kreme as customers, grew by 41 per cent to £69.1m.
Geoff Thompson, Utilitywise chief executive, told CityAM that the company would now be focusing on organic growth and expanding its customer base.
However, Utilitywise “would never discount” further acquisitions and that the firm “would remain alert to opportunities.”
It also named Brin Sheridan as chief operating officer, who will start his new role on 16 November. Sheridan, who is currently chief operating officer of The Energy Solutions Group, is the latest is a long list of hires for the company.