Telecom Plus PLC’s Half-Year Financial Results: Good news for the Utility Warehouse Partner Opportunity
Telecom Plus PLC, trading as Utility Warehouse (UW), has announced its half-year results for the six months ending 30th September 2024. The results highlight strong growth, with impressive financial and operational achievements despite challenging economic conditions. These developments underline the benefits of the Utility Warehouse Partner Opportunity and the opportunities for individuals considering becoming a UW Partner.
Key Financial Highlights
- Adjusted Profit Before Tax rose by 5.5% to £46.1 million, reflecting operational efficiency and the long-term success of UW’s multi-service model.
- Customer Growth: Over 66,000 new customers joined UW in six months, bringing the total to 1,078,318 – a record high.
- Market Share: UW has solidified its position as the 7th largest energy supplier in the UK, serving approximately 3% of households.
- Earnings Per Share: Adjusted earnings per share increased by 12.4%, from 38.8p to 43.6p, a testament to strong shareholder value.
- Dividend Increase: The interim dividend was raised to 37p per share, reflecting a commitment to reward shareholders.
These half-year outcomes demonstrate UW’s ability to thrive in a challenging market, and of the strength of UW’s Partner Network, whose activity has led to these outcomes, and evidence UW as a robust business for both investors and prospective new UW Partners.
Why UW’s Business Model Works
UW bundles essential household services, such as energy, broadband, mobile, and insurance, into a single monthly bill. This simplicity appeals to customers who save both time and money by consolidating their services. By focusing on long-term customer relationships and offering award-winning service, UW ensures customer satisfaction and loyalty.
CEO Stuart Burnett remarked:
“We are pleased to see continuing double-digit compound growth in customer numbers for the third consecutive year. Our unique multi-service model helps households save time and money while creating valuable income opportunities for our Partners.”
Opportunities for UW Partners
The UW Partner opportunity offers significant benefits for those looking to earn extra income. Whether you’re seeking financial flexibility or a rewarding side business, UW provides a proven route to financial rewards:
- Earn Residual Income: Partners earn ongoing commissions based on the services their customers use, creating a stable income stream.
- Flexible Working: Partners can work on their terms, fitting their efforts around their lives.
- Comprehensive Support: UW provides thorough training, marketing tools, and personal mentoring to help new Partners succeed.
These advantages are especially relevant in today’s economic climate, where rising living costs are prompting more people to seek additional income sources.
A Proven Track Record of Growth
UW’s growth is built on a unique word-of-mouth model, where existing Partners and customers recommend services to friends, family, and acquaintances. This approach enables UW to attract high-quality, loyal customers while empowering its Partners to build valuable businesses.
The company’s ongoing investment in innovative products – such as its market-leading EV tariff and 900mbps full-fibre broadband – ensures continued customer satisfaction and strengthens the earning potential for Partners.
Supporting Partners and Customers
UW’s focus on service quality has earned multiple accolades, including Best Customer Service and Best Value for Money at the Uswitch 2024 Energy Awards. The company also invests in tools to make life easier for customers and Partners, such as the UW App for account management and cashback savings.
Frequently asked questions
Telecom Plus PLC’s half-year results show that UW is not only a thriving business but also an excellent opportunity for individuals seeking additional income. With a growing customer base, award-winning services, and a unique Partner model, UW is well-positioned for continued success. Whether you’re looking to boost your income or start a flexible business, the Utility Warehouse Partner Opportunity could be the right choice for you. [Get started]
