Telecom Plus

Telecom Plus PLC is a multi-utility supplier based in the United Kingdom. It supplies gas, electricity, landline, broadband and mobile services to residences and businesses. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

Telecom Plus PLC
Public
Traded asLSETEP
IndustryPublic utility
Founded1996
HeadquartersLondon, England, UK
Key people
Charles Wigoder (Executive Chairman)
Andrew Lindsay (CEO)
ProductsLandline telephony, mobile telephony, broadband, gas, electricity.
Revenue£792.9 million (2018)[1]
£41.9 million (2018)[1]
£30.5 million (2018)[1]
WebsiteUtility Warehouse

History

The Company was founded in 1996 as a telecommunications business. Its first product, launched in 1997, was a least cost call routing 'Smart Box', a gadget that plugs into a phone socket and then routes the calls to alternative networks at a cheaper rate than British Telecom.[2]

In 2017 the company sold its 20% stake in Opus Energy to Drax Group.[3]

Operations

The company has two activities:

  • Utility Warehouse operates a full landline telephony service, mobile telephony (as an MVNO on the EE network), broadband, gas and electricity (the company is licensed by OFGEM) and a pre-paid VISA card (a CashBack card).[4]
  • Telecommunications Management Limited operates a full landline telephony service to small and medium-sized enterprise (SME) customers,[5] as well as operating the 1pMobile consumer MVNO.[6]

The company uses a multi-level marketing model to recruit customers and distributors.[7]

References

  1. ^ a b c "Annual Results 2018" (PDF). Telecom Plus. Retrieved 20 March 2019.
  2. ^ "Sunday Times - Rich List". timesonline.co.uk. Archived from the original on 22 May 2011. Retrieved 3 April 2015.
  3. ^ "Telecom Plus sells stake in energy business to Drax Group for £71m - Agile Energy Recovery Ltd". Agileenergy.net. 2017-02-10. Retrieved 2018-03-01.
  4. ^ Ritchie, Stuart. "Utility Warehouse Franchise: How It Works". The Stuart Ritchie.
  5. ^ "TML - About us". Retrieved 14 April 2016.
  6. ^ "1p mobile". Retrieved 1 March 2018.
  7. ^ Jones, Rupert (4 December 2009). "Utility Warehouse under the spotlight". The Guardian. Retrieved 30 June 2016.

External links

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Andrew Lindsay (swimmer) (born 1979), British Paralympic swimmer

Andrew Lindsay (musician), musician, member of Fenech-Soler

Andrew Lindsay, musician with the Canadian band The Saddletramps (1980s until 1995)

Andrew Lindsay, musician, guitar player with Scottish indie pop band Reverieme

Lord Andrew Lindsay, a Cambridge student runner, a character in the 1981 British film Chariots of Fire played by Nigel Havers

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Utility Warehouse

Utility Warehouse is a multi-utility provider based in London, England. It is a brand name of its parent company, Telecom Plus. It currently handles over 600,000 customer accounts with the help of over 40,000 independent distributors. Utility Warehouse supplies customers with landline telephony, mobile telephony, broadband, gas, and electricity. The Utility Warehouse brand is the primary engine of revenue generation for Telecom Plus.

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