2016 Performance

Delivered on our key objectives:

  • Record EBITDA of £5.3m (2015: £2.2m)
  • Operating cash flow of £3.8m, after investing £1.9m in pipeline assets
  • Cash of £8.3m, no debt
  • Cost base further reduced by £1.0m
  • Successfully integrated end-to-end, fully branded operating model
  • Secured new British Gas contract to 2018
  • Won and delivered £4.0m distillery project
  • New multi-utility contracts won
  • Final dividend for FY16 recommended at 0.6p
  • Gas Industry 2016 Company of the Year 

Highlights

  • 2016 Gas Industry Award winners:
    • Company of the Year
    • Manager of the Year
  • and finalists for:
    • Leadership
    • Engineer of the Year
  • Young Person’s Achievement
  • £4.0m Speyside contract won and delivered ahead of schedule
  • 26 month contract extension with British Gas secured
  • New £1.0m electricity infrastructure project secured
  • New biogas and STOR sector contracts won
  • Secured new multi-utility and housing contracts
  • First brand expanded with FirstElectricity launch
  • New dedicated housing division launched
  • First employee Sharesave scheme launched

© Fulcrum 2017

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