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Ex-CEO mounts rescue bid for ailing Utilitywise

Wed, 13th Feb 2019 10:48

(Sharecast News) - A bid to save the future of business utilities consultancy Utilitywise was launched on Tuesday, by its founder and former chief executive officer Geoff Thompson.The ailing AIM-traded firm revealed in January that it needed £10m to fund its new strategy, as it struggled to mount what it called "legacy issues" and other unexpected challenges.It said at the time that lenders would only renew its facilities once the turnaround funding was confirmed.Thompson, who stepped down from the board of the company two years ago, is understood to be in talks with potential suitors to take over the business, and have presented what he described as a "very credible" rescue package to shareholders and advisors.Utilitywise said it had been discussing options with a number of potential buyers since it revealed its funding hole last month.
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(ShareCast News) - Utilitywise has been signed up as a partner by US technology giant Dell as part of a joint strategy to sell internet of things (IoT) solutions to business customers. Using Utilitywise's infrastructure and specialist industry knowledge as a corporate utility switching consultant, a

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11 Apr 2016 07:26

Utilitywise Named Partner By Dell For Building Automation

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17 Feb 2016 08:01

Utilitywise first half in line with expectations

(ShareCast News) - Utility cost management consultancy Utilitywise said its performance in the six months to the end January was in line with management expectations and the full year should also be in line. The company said in a trading update that it saw continued revenue growth in both UK divisio

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17 Feb 2016 07:48

Utilitywise To Meet Full-Year Expectations As 'Go Live' Rate Improves

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11 Jan 2016 09:35

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15 Dec 2015 12:35

Utilitywise surges on improved energy supplier deal

(ShareCast News) - As well as revealing a solid start to its new financial year, Utilitywise, the corporate utility switching provider, has negotiated improved terms with a second energy supplier that will improve future cash flows. Any Utilitywise clients that extend their contract with the unnamed

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15 Dec 2015 09:42

Utilitywise Trading In Line, Amends Payment Terms With Supplier

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14 Dec 2015 16:09

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8 Dec 2015 15:58

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19 Nov 2015 16:38

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5 Nov 2015 09:51

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29 Oct 2015 15:14

Utilitywise surges after signing up 150 new clients

(ShareCast News) - Utility cost management consultancy Utilitywise has signed up 150 clients to its Energy Savings Opportunity Scheme. The London-listed group said the new clients included online property portal Zoopla Property Group and consumer group Which? "There are nearly 14,000 businesses tha

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29 Oct 2015 09:39

Utilitywise Signs Up 150 New Clients For ESOS Service

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27 Oct 2015 14:44

Utilitywise hikes yearly dividend, names new chief operating officer

(ShareCast News) - Business energy and water consultancy group Utilitywise lifted its full-year dividend by 25% to 5p on the back of a sharp increase in pre-tax profit. In the year to 31 July, the London-listed company posted pre-tax profit of £14.1m, representing a 20.5% year-on-year increase, whil

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27 Oct 2015 09:38

BROKER RATINGS SUMMARY: Credit Suisse Downgrades Pearson To Neutral

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