About Telecom plus Plc
(The Utility Warehouse)
The Utility Warehouse
(Telecom plus Plc) was incorporated in 1996 and supplies a wide range of
utility services (gas, electricity, fixed line telephony, mobile telephony and
broadband internet) to both residential and business customers.
Over the
last 10 years Telecom plus has grown from just an idea into a company
now supplying in excess of 258,000 customers with a combined 723,000 services.
Telecom plus PLC group turnover for the year ended 31st March 2008 was
£186m, with a pre-tax profit of £16.8m. With a track record second
to none, this phenomenal growth in turnover and profits has been achieved by
word-of-mouth referral / network marketing, via a network of independent
distributors.
Telecom plus is a British, FTSE 250, publicly
quoted PLC company, whose shares have shown considerable growth since their
admission to the OFEX in June 1997. The Utility Warehouse (Telecom plus)
has since become one of the most traded companies on the London Stock Market
(TEP).
The Utility Warehouse (Telecom
plus Plc) - Board & Management
Utility Warehouse distributors enjoy a
business partnership with one of the UK's most highly respected and dynamic
management teams, whose executives are
leaders in the fields of telecommunications, finance, information technology,
operations and customer care. This corporate management team, headed by Chief
Executive, The Hon. Charles Wigoder and his
Board
of Directors, has been key to the phenomenal growth of the company since
1998. Charles qualified as a Chartered Accountant with KPMG in 1984 and was
subsequently employed by Kleineort Securities as an investment analyst in the
media and communication sectors. Between 1985 and 1988, was head of corporate
finance and development at Carlton Commmunications Plc and then Quadrant Group
Plc. In March 1988, he left Quadrant Group to set up The Peoples Phone Company
Plc, which was then purchased by Vodafone in December 1996. Charles joined
Telecom plus Plc in February 1998.
Telecom plus Plc - Report &
Accounts, year ended 31st March 2008
- Turnover up 29% to £186m
(2007: £176m)
- Pre-tax profits up 45% to
£16.8m (2007: £11.6m)
- Net cash balance increased to
£30.3m (2007: £25.89m)
- Earnings per share up 42% (17.7p)
(2007: 12.5p)
- Number of services provided
increased 9% during the year to 591,981 (2007: 542,039)
- Number of independent
distributors up 12% to 19,000
- 49% increase in Business Club
membership to 9,537
Latest Telecom plus
Plc - Report & Accounts
Financial Times Company of the Year
2008 - Telecom plus Plc
At the Annual Plc Awards Dinner, held at the
Grosvenor House Hotel, London on the 12th March 2009 Telecom plus Plc was
recognised as The Financial Times Company of the Year 2008.
"The winner
of this award will be a company that has clearly demonstrated that success is
not just a short term phenomenon. The winning company will undoubtedly be
successful in share price terms, but with full realisation that share price is
but one method of measurement. It will be professionally managed, of course;
its long term strategy will be intact, and its growth and development to date
will have been soundly financed as befits a conservatively run growth
business."
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