Investment proposition

We will plan an essential part in the UK's smart and net-zero revolution.

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