Welcome to Telecom Plus PLC.
We trade as Utility Warehouse (UW) and currently have 950,000 customers nationwide.
UW is the UK’s only genuine multiservice provider, meaning our customers can bundle together their energy, broadband, mobile and insurance, helping them to save on their household bills.
With a track record of long-term, sustainable growth over the last two decades, and with our most recent financial results being our best ever, our medium term ambition is to welcome an additional 1 million customers to UW.
Customer numbers up to 949,180 in H1 FY24 (FY23: 886,579)
£43.7 million in H1 FY24 (H1 FY23: £32.1m)
36p per share in H1 FY24 (H1 FY23: 34p)
Read our FY24 half-year results for the period ended 30 September 2023
View our investor presentation for the period ended 30 September 2023
Our FY23 full year results for the period ended 31 March 2023
We provide our customers with multiple services, generating multiple revenue streams from a single set of overheads.
This gives us a structural and enduring cost advantage relative to our competitors, and means we can consistently price each of the services we supply competitively.
The result is a highly attractive and referable proposition that satisfied customers are incentivised to recommend, ensuring we continue to acquire high-quality, multiservice customers through word of mouth, and maintain our unique structural cost advantage.
Founded over 25 years ago, Telecom Plus is a FTSE 250 company with 950,000 customers.
We’ve established ourselves as a long-term, stable investment opportunity that combines the cash-generative, defensive qualities typically associated with a utility with substantial growth prospects.
We have a record of growing consistently and organically and are forecast to deliver comfortable double-digit customer growth over the medium term.
UW offers the UK’s cheapest energy when you bundle, offering prices below the government’s Energy Price Cap.
Our customers unlock even more savings when they also switch their broadband, mobile and insurance to UW.
What’s more, they get everything in one great value monthly bill, so they can save time and money on their household bills.