Reasons to invest
Operates in markets that will grow significantly through investment in energy infrastructure, electric vehicle (EV) charging and housing
- To reach net zero by 2050, four times more electricity is needed on the grid to support the shift to clean power sources
- Significant need for new utility infrastructure to power the rapidly growing number of electric vehicles
- Commitment to deliver an average of 300,000 new homes each year by the mid-2020s
- 30 million domestic meters to exchange by mid-2025
Strongly positioned to grow market share
- The Group’s diverse and strategically important capabilities are essential to achieving net zero
- Currently, low market share across several attractive growth markets and geographies presents a substantial opportunity for expansion
Cash generative
- Debt free at 1 April 2020. Net cash of £6 million at 31 March 2020
- Sale of domestic gas assets to ESP will generate surplus cash
- Strong financial discipline
Strong order book
- Year-on-year order book growth of 9%
- £66.2 million order book at 31 March 2020
High barriers to entry
- The specialist, technical and regulated nature of the Group’s operations means there are high barriers to entry for new competitors
Led by a highly experienced management team
- Experienced executive management team, supported by a highly trained, competent and market-leading workforce who are committed to delivering sustainable shareholder value
- A renewed Board with substantial shareholder representation
Strategic priorities
Optimise the business for the UK's net-zero revolution
Offer a full product portfolio that meets all our customers’ current needs and their needs as they move to a net-zero future
Grow market share, revenues and profitability significantly
Growth across all sectors is underpinned by the Group’s capabilities and the UK’s growing energy needs in the attractive markets it serves
Generate surplus cash with a strong balance sheet
The cash-generative nature of the Group’s services and payment profile of the asset sale to ESP, provide significant visibility over medium-term cash flows
Become a "Times top 100" employer
Be an employer of choice in the UK to recruit and retain the best talent