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Utilitywise shares suspended as it calls in the administrators

Thu, 14th Feb 2019 12:21

(Sharecast News) - Utilitywise announced on Thursday that Andrew James Johnson and Chad Griffin, both of FTI Consulting, had been been appointed as joint administrators to the firm.The AIM-traded business said no other companies in its group have had administrators appointed and as such, Icon Communication Centres, Energy Intelligence Centre and T-Mac Technologies continued to trade on a business as usual basis."There is not expected to be any return to the shareholders of Utilitywise," the board said in its short statement.FTI Consulting LLP would provide further updates in due course, it added, before also confirming that the shares of Utilitywise would remain suspended pending further notice.The business utilities consultancy had struggled in recent months, blaming what it called "legacy issues" and changes in the way it could do business for its ailments.Some hope had appeared earlier in the week, after founder and ex-CEO Geoff Thompson said he was mounting a "credible" rescue package for the firm.
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11 Apr 2016 09:50

Utilitywise forms IoT technology partnership with Dell

(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

BROKER RATINGS SUMMARY: JPMorgan Upgrades BAE Systems To Overweight

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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

Dividends Calendar - Week Ahead

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8 Dec 2015 15:58

AGM, EGM Calendar - Week Ahead

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19 Nov 2015 16:38

Dividends Calendar - Week Ahead

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5 Nov 2015 09:51

BROKER RATINGS SUMMARY: Goldman Adds SSE To Conviction Sell List

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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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