Why Invest?
Long-term partnerships combined with a high quality customer base results in predictable, growing earnings while as a business we are highly cash generative due to being capital light. We pursue a progressive distribution policy with a pay-out of 80-90% of adjusted net income.
Key Statistics
Numbers related to 6 months ended 31 September 2025
Stuart Burnett – CEO
“Our innovative multiservice platform, together with our unique word of mouth route to market, has enabled us to deliver another set of record results. Now into our fourth consecutive year of delivering double digit percentage customer growth, we are making rapid progress towards our medium term target of supplying subscription-style essential household services to two million customers and beyond.
During what seems likely to be a challenging period for the global economy, we are fortunate that our business model makes us largely immune to any changes in trade tariffs, interest rates, economic growth, or business confidence. Indeed, such environments have historically been positive for us, with increasing numbers of people seeking additional income sources and ways to reduce their household bills.
By helping households to save time and money on their essential bills, whilst supporting tens of thousands of Partners to earn an additional income, we expect to deliver continuing strong growth in customer numbers, profits and returns to shareholders over the years ahead.”
About Telecom Plus
We trade as Utility Warehouse (UW) and currently have over one million customers nationwide. UW is the UK’s only genuine multiservice provider, meaning our customers can bundle together their energy, broadband, mobile and insurance, helping them to save on their household bills.
Latest Results at a Glance
With a track record of long-term, sustainable growth over the last two decades, and with our most recent financial results being our best ever, our medium-term ambition is to welcome an additional one million customers.
