Tip of the Year Utilitywise (UTW) has issued a reassuring trading update for its fiscal year just ended. The company, which advises businesses how to save money on their energy bills, said that its revenue and profit will be in line with market expectations while its net cash position will be "comfortably" ahead at almost £10m.
IC TIP:
Buy
at
285p
The revenue pipeline, which represents secured revenue yet to be recognised, stood at £28m, up 70 per cent from a year earlier. And Utilitywise says the customer base continues to expand across all of its business segments.
