{"id":36375,"date":"2023-11-21T09:48:29","date_gmt":"2023-11-21T09:48:29","guid":{"rendered":"https:\/\/www.ispreview.co.uk\/?p=36375"},"modified":"2023-11-21T09:48:29","modified_gmt":"2023-11-21T09:48:29","slug":"utility-warehouse-top-363595-uk-broadband-users-and-change-ceo","status":"publish","type":"post","link":"https:\/\/www.ispreview.co.uk\/index.php\/2023\/11\/utility-warehouse-top-363595-uk-broadband-users-and-change-ceo.html","title":{"rendered":"Utility Warehouse Top 363,595 UK Broadband Users and Change CEO"},"content":{"rendered":"<p>Energy and telecoms provider <a href=\"https:\/\/telecomplus.co.uk\/\" target=\"_blank\" rel=\"noopener\">Telecom Plus<\/a>, which trades as <a href=\"https:\/\/uw.co.uk\/\" target=\"_blank\" rel=\"noopener\">UW<\/a> (Utility Warehouse), has published their latest <a href=\"https:\/\/www.londonstockexchange.com\/news-article\/TEP\/half-year-results-to-30-september-2023\/16217649\" target=\"_blank\" rel=\"noopener\">H1 FY24 results<\/a> today and revealed that their broadband ISP has a total customer base of 363,595 (up by 22,203 in the year) and their mobile base hit 424,114 (up by 60,052). The operator also has a new CEO.<!--more--><\/p>\n<p>In terms of that CEO change, UW announced today that &#8211; after 16 years with the company &#8211; the operator&#8217;s current CEO, Andrew Lindsay, is stepping down as Co-CEO and from the Board to &#8220;<em>pursue other interests<\/em>&#8220;. Stuart Burnett will become sole CEO from the AGM next summer. He joined the business in 2016 and has been Co-CEO with Andrew since 2021.<\/p>\n<div class=\"bq2\"><strong>NOTE:<\/strong> The operator\u2019s mobile service is supplied via an MVNO deal with <a href=\"https:\/\/www.ispreview.co.uk\/index.php\/go\/britishtelecom\" rel=\"nofollow\" target=\"_blank\">BT<\/a> (<a href=\"https:\/\/www.ispreview.co.uk\/index.php\/go\/eebroadband\" rel=\"nofollow\" target=\"_blank\">EE<\/a>).<\/div>\n<p>However, it&#8217;s noted that Andrew will subsequently remain with the business on a part-time basis, for at least the next 3 years, with a focus on supporting and further growing their Partner community. Meanwhile, on the financial front, the operator saw total revenue grow by 57.1% to \u00a3<span class=\"oa\">883.6<\/span>m (2022: \u00a3562.4m) and profit before tax was also up 36.1% to \u00a3<span class=\"oa\">43.7<\/span>m (2022: \u00a332.1m).<\/p>\n<blockquote class=\"bq1\"><p><strong>Stuart Burnett, Co-CEO, said:<\/strong><\/p>\n<p>&#8220;We have consistently offered the lowest-priced energy tariffs in the UK for over 2 years. Our unique multiservice model means we can continue to sustainably beat the competition, and is the primary driver of our continued rapid growth.<\/p>\n<p>We are fast approaching the 1m customer milestone, and our current rate of growth places us firmly on track to double the size of the business by welcoming a further million customers to UW over the medium term.&#8221;<\/p><\/blockquote>\n<p>We should point out that UW currently sells full fibre broadband packages via both <a href=\"https:\/\/www.ispreview.co.uk\/index.php\/link\/openreach\" target=\"_blank\">Openreach<\/a> and <a href=\"https:\/\/www.ispreview.co.uk\/index.php\/link\/cityfibre\" target=\"_blank\">CityFibre<\/a>&#8217;s networks, although their coverage via the latter is through an existing relationship with <a href=\"https:\/\/www.ispreview.co.uk\/index.php\/go\/tt\" rel=\"nofollow\" target=\"_blank\">TalkTalk<\/a>\u2019s Wholesale division. In the future, the latter could extend to some of the other alternative networks that <a href=\"https:\/\/www.ispreview.co.uk\/index.php\/go\/tt\" rel=\"nofollow\" target=\"_blank\">TalkTalk<\/a> work with (e.g. <a href=\"https:\/\/www.ispreview.co.uk\/index.php\/link\/freedomfibre\" rel=\"nofollow\" target=\"_blank\">Freedom Fibre<\/a> and <a class=\"shortlink shortlink-151\" title=\"communityfibre\" href=\"https:\/\/www.ispreview.co.uk\/index.php\/go\/communityfibre\" target=\"_blank\" rel=\"nofollow noopener\">CommunityFibre<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Energy and telecoms provider Telecom Plus, which trades as UW (Utility Warehouse), has published their latest H1 FY24 results today and revealed that their broadband ISP has a total customer base of 363,595 (up by 22,203 in the year) and their mobile base hit 424,114 (up by 60,052). The operator also has a new CEO.<\/p>\n","protected":false},"author":1,"featured_media":31390,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[1],"tags":[472,34],"class_list":["post-36375","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uk_isp_news","tag-business","tag-statistics"],"share_on_mastodon":{"url":"https:\/\/mastodon.social\/@ispreview\/111447914112350990","error":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Utility Warehouse Top 363,595 UK Broadband Users and Change CEO - ISPreview UK<\/title>\n<meta name=\"description\" content=\"Energy and telecoms provider Telecom Plus, which trades as UW (Utility Warehouse), has published their latest H1 FY24 results today and revealed that\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ispreview.co.uk\/index.php\/2023\/11\/utility-warehouse-top-363595-uk-broadband-users-and-change-ceo.html\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Utility Warehouse Top 363,595 UK Broadband Users and Change CEO - 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