UES restructures and rebrands after excellent growth
UES has restructured and rebranded, after another very successful year which saw growth of more than 50%.
We have rebranded as UES Energy to refocus the business on its core activities which have developed in line with the significant changes in the energy and environmental markets.
Andrew Diplock, previously the commercial director, has become the managing director. He joined the business in 2003, shortly after Andrew Padmore had founded it. Andrew Padmore has become a non-executive director with UES Energy but is now concentrating on setting up a sister business in the renewable energy sector.
Operations and Finance Director Gruff Dodd has also taken a larger stake in the business and the company is also in the process of recruiting more people to take on specific roles.
Andrew Diplock said: “These are exciting times for all of us. The hard work of the whole team over the last eight years has resulted in sustained growth and turnover between April 2010 and March 2011 of £1.3 million – an increase of 51.6% on the previous year which is outstanding – and profits have remained very healthy too.
“Of course, the last eight years have not just been about growth but about adapting to the numerous developments in our markets, seizing new opportunities that have arisen and refocusing our operations.
“Obviously the amount of energy consumed varies significantly from business to business and sector to sector but typically energy may account for around 20% of a business’s costs,” said Andrew Diplock.
“So when energy prices increase by such huge amounts as the case recently, they can have profound impact on a business. This has made energy costs a boardroom issue. More and more businesses have been addressing this and have turned to us for help.
“Although both gas and electricity prices have fluctuated significantly since April 2010, making them difficult to predict, the trend of rising energy costs is only expected to continue in the long-run so we expect this to remain a key issue for businesses for the foreseeable future.
“And there has been some good news in the energy markets with new opportunities in renewable energy arising, enabling some businesses to reduce energy bills or carbon emissions or both. This has contributed to the growth of our client base too and is likely to continue for some time to come.”
