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Fulcrum Utility Srvc (FCRM)


Friday 12 June, 2020

Fulcrum Utility Srvc

Directorate Changes

RNS Number : 7397P
Fulcrum Utility Services Ltd
12 June 2020



("Fulcrum", the "Company" or the "Group")

Directorate Changes


Further to the Company's recent announcement regarding proposed changes to the Board of Directors, Fulcrum announces that Jonathan Turner and Jeremy Brade have been appointed as Non-Executive Directors of the Company with immediate effect.

Jeremy Brade is a partner at Harwood and has been investing in UK smaller companies for 19 years. He has deep experience of serving on the boards of private and listed companies and developing their strategies to enhance shareholder value for all shareholders.  His career has spanned both public and private sectors.

Jonathan Turner is the owner and Chief Executive of The Bayford Group comprising a diverse number of entrepreneurial companies predominately in the energy and property sectors. With over 30 years' experience in downstream energy, Jonathan has led a variety of start-up businesses, management buy outs, mergers, acquisitions and disposals. The global move away from fossil fuels has led Jonathan into the supply of electricity, gas and electric vehicle charge points in the UK and Netherlands. Jonathan is a substantial shareholder in Fulcrum.

Further information is disclosed below pursuant to Schedule Two, paragraph (g) of the AIM Rules:

Jeremy James Brade, aged 59, is currently or has previously been a director of the following companies or partnerships within the past five years.

Existing directorships / partnerships

Previous directorships / partnerships within the past five years

Harwood Capital Management Limited

Nastor Investments Limited

Harwood Holdco Limited

Celsis International Limited

North Atlantic Value GP III Limited

DMWSL 633 Limited

North Atlantic Value GP 4 Limited

Celsis Group Limited

Harwood Capital LLP (formerly North Atlantic Value LLP)

TPE3 Nastor Limited

North Atlantic Value GP 5 LLP

Sherwood Holdings Limited


Indoor Bowling Equity Limited

Jaguar Holdings Limited

Indoor Bowling Acquisitions Limited

Journey Group Limited

Galileo Group Limited

Scientific Health Limited

Inspecs Holdings Limited

Slim Holdings Limited

The Wells Cathedral School Foundation (Trustee)

ZYX 321 Limited

Specialist Components Ltd

APC Technology Group PLC

Utilities Infrastructure Provider Limited

The Gurkha Welfare Trust (Trustee)

UK Trust for Nature Conservation in Nepal (Trustee)

North Atlantic PC Holding Inc.

Harwood Capital LLP and certain of its clients are currently interested 24,515,000 Ordinary Shares in Fulcrum. Jeremy is currently a member and partner of Harwood Capital LLP.

Jeremy was previously a director of United Industries Public Limited Company which went into administration on 5 April 2006, some five months after his resignation as a director on 28 October 2005. 

Jeremy was previously a director of PNC Telecom PLC from 3 February 2003 to 23 June 2003. The company went into administration on 23 June 2003 and the administration order was discharged (and PNC Telecom PLC resumed business) on 15 June 2004.

Jeremy was a director of Valiant Sports Holdings Limited which was wound up voluntarily by its creditors, with an estimated deficiency to creditors of £2.65 million, and was dissolved on 5 September 2014.

Jonathan Charles Deacon Turner, aged 54, is currently or has previously been a director or partner of the following companies or partnerships within the past five years.

Existing directorships / partnerships

Previous directorships / partnerships within the past five years

Gas and Power Limited

SHS2 Limited (11243074)

Jaytee F&B Ltd

Thrust Energy LLP (OC414429)

Diesel 24 Limited

Philippa Hall Ltd

Laudale Estate LLP

Jaytee Retail Ltd

Jaytee Thatched LLP

The Great Battlebox Company Ltd

LTD Jaytee (Northallerton) Ltd

Jaytee (Ripon) LLP

The Right Fuelcard Company Limited

Jaytee (Rainton) LLP

Truckhaven Ltd

PMD Environmental Limited

BE Fuelcards Holdings Limited

Oilfast Limited (SC453328)

Decadent Retreats LLP

The Adventure Box Company for Boys Ltd

The Jaytee Foundation

Rose Energy Supply Limited

Cundall Manor Limited

BE Fuelcards Ltd BE

Jaytee (UK) Ltd

Countrywide Fuel Cards Limited

Bayford & Co. (Developments) Limited

Bayford & Co Ltd

Thrust Petroleum Limited

Countrywide Derv Limited

Bowcliffe Hall Limited

Bayford Energy Holdco Limited

Bayford Energy Bidco Limited

Jaytee Fair Lady Ltd

Smarter Home Services Limited

Orange Disk Limited


Jonathan holds a total beneficial interest in 30,127,525 Ordinary Shares in the Company, of which 18,835,000 are held by Bayford & Co Ltd (an entity controlled by Jonathan), 10,233,475 are held in his own name, 596,198 shares are held by his wife and 462,852 shares are held via his personal pension.


Fulcrum Utility Services Limited

Daren Harris, Chief Executive Officer


Cenkos Securities plc (Nominated adviser and broker)

Max Hartley (Nomad) / Michael Johnson (Sales)


N+1 Singer (Joint Corporate Broker)

Sandy Fraser / Rachel Hayes / Carlo Spingardi


Camarco (Financial PR advisers)

Ginny Pulbrook / Tom Huddart


+44 (0)114 280 4102



+44 (0)20 7397 8900



+44 (0)20 7496 3000



+44(0)203 757 4992


Notes to Editors:

Fulcrum is a multi-utility infrastructure and services provider based in Sheffield, UK. The Company's primary business is the provision of utility infrastructure services to the residential, commercial and industrial markets throughout the mainland UK. These range from the design, installation or alteration of utility services for single site properties to large complex multi-site projects. Through its subsidiaries, Fulcrum Pipelines Limited and Fulcrum Electricity Assets Limited, Fulcrum is also licensed as an Independent Gas Transporter and Independent Distribution Network Operator, owning and operating gas and electrical assets that connect properties to the main UK gas and electricity networks. Fulcrum is also a meter asset manager, owning and operating meter assets across mainland UK.


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit

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