Utilitywise - 500 Beiträge pro Seite

[R-BgO]

24 August 2017

Utilitywise plc
("Utilitywise" or the "Group")

Trading Update

Utilitywise, the leading independent utility cost management consultancy, today provides an update on trading for the year ended 31 July 2017. The Group will announce its full year results on 17 October 2017. The Board confirms that the Group has performed in line with the expectations it announced on 31 July 2017.

As previously announced, the Group adopted IFRS 15 (Revenue from Contracts with Customers) on 1 August 2017. Accordingly, the year ended 31 July 2017 will be the final year that the Group reports under the existing revenue accounting standard, IAS 18 (Revenue) and all references to revenue and profit herein are based upon IAS 18 accounting policies(1) .

The Board expects to report Group revenue for the year of c. 3% higher than the prior year and adjusted (2) profit before tax of c. 40% lower than the prior year. The fall in adjusted (2) profit before tax is primarily because of an adjustment recognised in respect of projected under-consumption of contracts, as announced on 29 June 2017, and the deferral of certain significant renewals contracts, announced on 31 July 2017.

Enterprise Division

The Enterprise Division, delivered a strong underlying operating performance during the year, despite the issues outlined above. It serves the SME market and represents the vast majority of the Group's expected adjusted(2) profit before tax for the year ended 31 July 2017.

Additions to the gross order book totalled £99.2m, an increase of 17.3% compared to £84.5m in the prior year. This was the result of a number of planned productivity improvement initiatives, which included, inter alia, enhanced operational management and a reduction in sales force headcount from 625 to 550 during the year.

The secured future revenue ("Order Book") increased by 17.4% during the year on a like for like basis. The Order Book value as at 1 August 2017, stated after the adoption of IFRS 15, was £46.1m, of which c. £26.3m is expected to be recognised as revenue during the financial year ended 31 July 2018, as a result of the adoption of IFRS 15(3). A reconciliation of the movement in the Order Book during the year is set out later in this announcement.
The European operation performed well, with an increase in revenue and operating profit compared to the prior year.

Corporate Division

The Corporate Division, which services larger organisations and represents less than 10% of the Group's expected adjusted(2) profit before tax for the year ended 31 July 2017, saw a reduction in revenue compared to the year ended 31 July 2016. The profit of the division in the second half of the year was broadly in line with the first half profit, as the business continues to build a pipeline of future work.

The Corporate division continues to form a key part of the Group's Strategy for Growth, as announced in March 2017, and The Board remains confident in the medium-term prospects for this Division.

Net debt

The Board expects to report that net debt at 31 July 2017 was c. £19.0m, compared to £5.5m at 31 July 2016 (as restated). The main reason for the increase during the year was the decision to discontinue the acceptance of advance cash receipts from certain energy suppliers, in respect of new business not yet written, as announced in the Group's interim results in April 2017. The year-end net debt was lower than management expectations, primarily due to £1.0m of legacy supplier cash advances, previously expected to have been repaid before the year-end, remaining outstanding at 31 July 2017. It is now anticipated that it will be repaid during the year ended 31 July 2018.

Brendan Flattery, CEO of Utilitywise, commented:

"Although the Company endured some headwinds in the period which impacted our financial performance in the short term, there have been a number of underlying improvements in the business which auger well for the future. Productivity gains in our Enterprise Division, which represents the majority of our profits, have led to a significant increase in our order book. Looking forward, our revenues and profits will now be more closely aligned to our cash generation, and the secured future revenue balance of £46.1m at 1 August 2017 gives us increased visibility of future performance. With our portfolio of energy services and strong customer service, Utilitywise has a solid platform for future growth. I look forward to providing further details in our year end results statement in October."

[R-BgO]

Zahlen verschoben:

12 October 2017

Utilitywise plc
("Utilitywise" or the "Group")

Notice of final results

Utilitywise, the leading independent utility cost management consultancy, announces that it expects to announce its full year results on 21 November 2017.

On 31 July 2017, the Group announced its intention to implement IFRS 15 (Revenue from Contracts with Customers) one year ahead of schedule, in accordance with the early-adoption provisions of that new standard. In addition, the Group confirmed that it would publish its results for the year to 31 July 2017 under the existing accounting standard, IAS 18 (Revenue), but would also include a reconciliation of the results to the equivalent position presented in accordance with IFRS 15.

As a result of the additional work required to complete this exercise, along with certain additional detailed work being carried out in respect of the Group's estimates relating to energy consumption across its portfolio of energy contracts, the Group's year-end external audit process is now expected to take longer to complete than in previous years. Accordingly, it is now expected that this work will be completed by 20 November 2017, enabling announcement of the Group's audited results on 21 November 2017.

[R-BgO]

Antwort auf Beitrag Nr.: 55.990.644 von R-BgO am 20.10.17 12:12:36

again:

15 November 2017

Utilitywise plc
("Utilitywise" or the "Group")

Final results timing update

Utilitywise, the leading independent utility cost management consultancy, announces an update to the timing of the announcement of its full year results for the year ended 31 July 2017.

On 12 October 2017, the Group announced that further additional work was being carried out in respect of its year-end results and that it expected to announce those results on 21 November 2017.

As part of its audit procedures, the Group's external auditor, BDO LLP, has now requested that the Group obtains additional advice from an independent accounting firm in respect of the Group's estimation methodology for expected consumption levels on live contracts. As a result of this request, the Board has now appointed a third-party accounting firm to carry out that additional review. It is anticipated that the additional review will conclude in early December 2017.

Accordingly, the Group's year-end external audit process will not be completed before 21 November 2017 and, therefore, the year-end results will not be announced on that date.

A further update will be given, regarding a revised announcement date for the year-end results, once the independent review has been completed.

[R-BgO]

notting yet

[R-BgO]

Antwort auf Beitrag Nr.: 56.422.671 von R-BgO am 11.12.17 12:34:12

wird immer seltsamer:

(wird das meine erste Insolvenz, BEVOR ich überhaupt Ansichtsstücke kaufen konnte?)


NOTICE

29/01/2018 7:30am

TEMPORARY SUSPENSION OF TRADING ON AIM

Utilitywise Plc

Trading on AIM for the under-mentioned securities has been temporarily suspended from 29/01/2018 7:30am, pending publication of the company's annual report and accounts.

ORDINARY SHARES OF 0.1P EACH FULLY PAID (B6WVD70) (GB00B6WVD707)

If you have any queries relating to the above, please contact the company's nominated adviser on 020 7220 0500.

[R-BgO]

Antwort auf Beitrag Nr.: 56.884.100 von R-BgO am 31.01.18 11:17:38

irgendwann kam er dann

und hat es in sich:

Gewinn 2016 genullt, 2017 DICKER Verlust

negatives EK


noch nicht insolvent

[R-BgO]

Antwort auf Beitrag Nr.: 57.779.737 von R-BgO am 17.05.18 11:25:48

kann mich nicht entscheiden:

wegen erwiesener Erfolglosigkeit aus dem Excel werfen, bevor ich meine ersten Stücke überhaupt gekauft habe,

oder,


zuwarten und weiter beobachten, weil das Geschäft so gut in meinen Interessenschwerpunkt passt

[R-BgO]

Antwort auf Beitrag Nr.: 59.193.391 von R-BgO am 12.11.18 09:30:32

rausgeschmissen

[R-BgO]

Antwort auf Beitrag Nr.: 59.283.904 von R-BgO am 23.11.18 11:25:04

war "wise":

kapaff - https://www.consultancy.uk/news/20342/fti-to-administrate-ut…