TELECOM PLUS PLC
Listed on the London Stock Exchange, the company is a multi-utility provider that supplies bundled energy, broadband, mobile, and insurance services to residential and commercial customers, primarily trading under the Utility Warehouse and 1pMobile brands.
Get an alert when TELECOM PLUS PLC files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Cash
£79M
+36.6% vs 2024
Net assets
£252M
+8.1% highest in 3 filed years
Employees
2,291
-8.1% vs 2024
Profit before tax
£106M
+5.4% highest in 3 filed years
Net assets
3-year trend · vs Telecommunications median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-03-31
| Metric | Trend | 2023-03-31 | 2024-03-31 | 2025-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £2,475,160,000 | £2,039,131,000 | £1,838,200,000 | -9.9% | |
| Operating profit | £85,894,000 | £106,250,000 | £115,891,000 | +9.1% | |
| Profit before tax | £85,454,000 | £100,477,000 | £105,949,000 | +5.4% | |
| Net profit | £68,161,000 | £71,037,000 | £76,097,000 | +7.1% | |
| Cash | £193,804,000 | £57,829,000 | £79,020,000 | +36.6% | |
| Total assets less current liabilities | £312,009,000 | £414,067,000 | £447,860,000 | +8.2% | |
| Net assets | £230,708,000 | £232,631,000 | £251,510,000 | +8.1% | |
| Equity | £230,708,000 | £232,631,000 | £251,510,000 | +8.1% | |
| Average employees | 2,078 | 2,493 | 2,291 | -8.1% | |
| Wages | £80,495,000 | £106,106,000 | £106,634,000 | +0.5% | |
| Directors' remuneration | £7,066,000 | £4,299,000 | £4,233,000 | -1.5% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|
| Operating margin | 3.5% | 5.2% | 6.3% | |
| Net margin | 2.8% | 3.5% | 4.1% | |
| Return on capital employed | 27.5% | 25.7% | 25.9% | |
| Gearing (liabilities / total assets) | 70.6% | 64.3% | 65.8% | |
| Current ratio | 1.66x | 1.77x | 1.73x | |
| Interest cover | 17.01x | 11.48x | 9.68x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have prepared the financial statements on the going concern basis as they do not intend to liquidate the Group or the Company or cease their operations, and as they have concluded that the Group and the Company’s financial position means that no material uncertainties exist that may cast significant doubt over their ability to continue as a going concern for at least a year from the date of approval of the financial statements (“the going concern period”).”
Group structure
- TELECOM PLUS PLC · parent
- Utility Warehouse Limited 100%
- Utilities Plus Limited 100%
- UW Spain S.L.U. 100%
- UWI Limited 100%
Significant events
- “Awarded Which? Recommended Provider status for Energy and Broadband”
- “Increased Partner numbers to 71,710”
- “Ofgem energy price cap during FY25 averaged £1,700, a fall of over 20% compared to FY24”
- “Total number of services supplied to customers grew by 8.5% to 3,392,593”
- “Final dividend of 57p per share (2024: 47p) will be paid on 15 August 2025”
- “Capital expenditure of £17.2m (2024: £12.5m) related primarily to ongoing investment in technology platform and software”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
9 active · 26 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BAXTER, David William | Secretary | 2009-07-08 | — | British |
| BUNKER, Philip Mark | Director | 2025-08-06 | Oct 1961 | British |
| BURNETT, Stuart | Director | 2020-07-23 | Nov 1982 | British |
| GODFREY, Gemma Claire | Director | 2025-08-06 | Sep 1983 | British |
| KARIA, Bindiya | Director | 2024-08-13 | May 1971 | British,Canadian |
| SCHOENFELD, Nicholas Jakub | Director | 2015-01-07 | Sep 1970 | British |
| STENT, Carla Rosaline | Director | 2022-07-26 | Feb 1971 | British |
| WIGODER, Charles Francis | Director | 1998-02-13 | Mar 1960 | British |
| WILLIAMS, Suzanne | Director | 2020-07-23 | Sep 1967 | British |
Show 26 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HATELEY, Richard Ian | Secretary | 2006-07-28 | 2009-02-16 |
| HOUGHTON, Christopher Paul | Secretary | 2009-02-16 | 2009-07-08 |
| KOREL, Brian Maurice | Secretary | 2004-01-28 | 2006-07-28 |
| LEVIN, John Anthony | Secretary | 1997-02-07 | 1997-04-03 |
| MICHELL, Richard Francis | Secretary | 1997-04-03 | 2004-01-28 |
| LUDGATE SECRETARIAL SERVICES LIMITED | Corporate Nominee Secretary | 1996-10-09 | 1997-02-07 |
| BELL, Graham Robert | Director | 1998-05-05 | 1999-09-20 |
| BLOWERS, Andrew Mark | Director | 2016-11-22 | 2025-12-31 |
| DAVIS, Stephen David John | Director | 2005-04-11 | 2006-12-31 |
| ELLIOT-SQUARE, Richard John Edward | Director | 1997-02-07 | 1997-12-24 |
| HATELEY, Richard Ian | Director | 2006-12-31 | 2009-02-16 |
| HOLLOND, Beatrice Hannah Millicent | Director | 2016-09-26 | 2025-08-06 |
| HOUGHTON, Christopher Paul | Director | 2009-02-16 | 2014-10-03 |
| LAWSON, Melvin Anthony | Director | 2006-09-27 | 2022-07-26 |
| LEVIN, John Anthony | Director | 1997-02-07 | 2006-07-12 |
| LINDSAY, Andrew James | Director | 2008-11-25 | 2024-08-13 |
| LORIGAN, Christopher Bernard | Director | 1997-03-05 | 1998-08-12 |
| MICHELL, Richard Francis | Director | 1997-04-03 | 2010-07-14 |
| NUTTING, Peter Robert | Director | 1997-04-03 | 2010-07-14 |
| PAVIA, Michael James | Director | 2006-12-13 | 2016-07-22 |
| SCHILD, Julian Dominic | Director | 2010-05-25 | 2022-07-26 |
| STELLA, Keith Graham | Director | 2000-07-17 | 2010-07-14 |
| STEVENS, John Gary | Director | 1997-09-01 | 1998-02-02 |
| WHEATLEY, Dominic Marius Dennis Anthony | Director | 2000-05-25 | 2005-07-13 |
| LUDGATE NOMINEES LIMITED | Corporate Nominee Director | 1996-10-09 | 1997-02-07 |
| LUDGATE SECRETARIAL SERVICES LIMITED | Corporate Nominee Director | 1996-10-09 | 1997-02-07 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 687 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-09-26 RP04SH01 Legacy
- 2025-08-12 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-05 | SH01 | capital | Capital allotment shares | |
| 2026-04-01 | SH01 | capital | Capital allotment shares | |
| 2026-02-03 | SH01 | capital | Capital allotment shares | |
| 2026-01-06 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-02 | SH01 | capital | Capital allotment shares | |
| 2025-12-03 | SH01 | capital | Capital allotment shares | |
| 2025-11-21 | SH01 | capital | Capital allotment shares | |
| 2025-10-15 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-06 | SH01 | capital | Capital allotment shares | |
| 2025-09-29 | SH01 | capital | Capital allotment shares | |
| 2025-09-26 | RP04SH01 | change-of-name | Legacy | |
| 2025-09-05 | AA | accounts | Accounts with accounts type group | |
| 2025-08-12 | RESOLUTIONS | resolution | Resolution | |
| 2025-08-11 | SH01 | capital | Capital allotment shares | |
| 2025-08-08 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-08 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-08 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-08 | SH01 | capital | Capital allotment shares | |
| 2025-06-25 | SH01 | capital | Capital allotment shares | |
| 2025-06-09 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 18
- Capital events
- 12
- Officers appointed
- 2
- Officers resigned
- 2
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.