Trading update and new contract wins

RNS Number : 8694X

Fulcrum Utility Services Ld

25 November 2014

 

Trading update and new contract wins

25 November 2014

FULCRUM UTILITY SERVICES LIMITED

Trading update and new contract wins

Fulcrum Utility Services Limited ("Fulcrum", the "Company"), the UK based energy solutions company, today announces the signing of a one year extension to its framework contract with British Gas Business ("BGB") to continue to provide new connections to British Gas customers across England, Scotland and Wales to November 2015, with an option to extend for a further year until November 2016.

On signing the extension of the contract Martin Donnachie, Chief Executive Officer of Fulcrum said: "We are delighted to announce our framework contract extension with British Gas until at least November 2015. The contract extension results from the work  Fulcrum and British Gas have done together to improve customer service levels and I look forward to working with British Gas to explore ways in which we can further enhance our delivery performance."

Mark Pomeroy, Business Delivery Manager at BGB, said: "British Gas Business are pleased to extend the commercial contract in place with Fulcrum for a further 12 months based on the improvements delivered in customer service."

The announcement of the BGB framework extension follows on from a number of recent high value contract wins for Fulcrum, including:

·      The installation of gas, water and electricity connections to a new mixed use development in Crosshands, Llanelli, West Wales. The £658k project will involve the construction of over 3 kilometres of gas, water and electricity infrastructure.

·      A £236k contract to install new gas infrastructure to the Park Royal Metro Centre in London. When complete, the installation will feed a training centre for the London Fire Brigade.

·      The construction of gas infrastructure to a new mixed use development in London on behalf of Ardmore Construction Ltd. The six figure installation will see gas connected to 124 domestic properties and 5 retail units.

 Enquiries:

Fulcrum Utility Services Limited Craig Baugh, Marketing and Communications Manager Cenkos Securities plc (Nominated adviser and broker) Max Hartley (Nomad) / Oliver Baxendale (Sales) Instinctif (PR advisers) Ross Gillam / Toby Bates

[phone] [phone] [phone]

Notes to Editor

Fulcrum is an energy solutions company based in Sheffield, UK. The Company's primary business is the provision of unregulated utility connection services to the residential, commercial and industrial markets throughout the UK. These range from the design, installation or alteration of connections for single site properties to large complex multi-site projects. Through its subsidiary, Fulcrum Pipelines Limited, Fulcrum is also licensed as an Independent Gas Transporter, operating gas connection pipelines that connect properties to the main UK gas network.

http://www.fulcrum.co.uk/

 

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