Customer growth continues for Telecom Plus

Telecom plus has reported continued growth for the half year to 30 September, with performance in line with expectations for the year. 

 

In a trading statement released today, the British utility supplier said its customer and service numbers were up by 13 and 14 per cent, respectively. 

 

Second quarter growth followed on from a successful first quarter. For the half year, customer numbers rose by a total of 34,733.

 

“It is particularly satisfying to have achieved this strong organic growth during a period when smaller independent suppliers have enjoyed such a significant short-term pricing advantage, due to a combination of falling wholesale energy prices and their not being required to make a full contribution towards certain social and environmental charges.” the statement said.

 

The company has appointed Nick Schoenfeld as chief finance director. He is currently group finance director at Hanover Acceptances and will take up the new role at the start of next year.

 

Andrew Lindsay, chief executive, said he expected the company to continue to perform well. "With a UK market share of less than 2%, and a unique approach to the way we attract and look after our customers, we face the future with considerable confidence," he said.

 

Full half year results will be released on 19 November.