Turnover up at energy firm
Lyon joins Spark to ignite growth plan
Chris Gauld and Kevin Lyon: spearheading growth
Spark Energy has announced record turnover and welcomed Kevin Lyon as its new chairman.
The company saw a 34% increase in customer numbers and turnover reach £159m at its first year-end since bringing in institutional backers.
CEO, Chris Gauld said: “Kevin is a vastly experienced company chairman and non-executive director and we’re delighted to have him on board.
“He’s held positions with many leading public and private companies at various stages of their growth and so brings a wealth of experience to help guide the business through its next phase.
“We’re ambitious about our plans for growth and Kevin’s input will be invaluable to the team.”
Speaking about his appointment, Mr Lyon said: “It’s a challenging and competitive market.
“I’m looking forward to helping Chris and the rest of the leadership team build on what they have achieved to date.”
Commenting on the financial results, Mr Gauld, said: “It’s been another big year for the company with growth right across the business, constant improvement of our operations and service and the launch of our multi-utility future through the acquisition of Home Telecom.
“It’s well reported that it’s a difficult environment for some challenger companies but we are in a really strong position.
“On the energy side of the business, we’ve extended our hedging and wholesale trading agreement for a further five years meaning our customers can have confidence that they’re protected against wholesale price volatility and as a business we are well protected from the challenges facing some of the smaller suppliers at the moment.
“Since the year-end, we’ve also successfully transitioned from small to mid-sized supplier in the UK market, contributing over £3m to government schemes aimed at reducing fuel poverty and improving energy inefficiency.
“I’m also incredibly proud of what we’ve achieved at the Spark Academy welcoming over 125 new colleagues and delivering 23,000 hours of training and personal development underlining our commitment to hiring, developing and nurturing the best talent in order to provide the best service to our customers.
“We now employ over 400 dedicated people from our offices in the Borders, Edinburgh and Home Telecom in Horsham.”
He said the current financial year has started strongly and the company is ahead of plan with continued record customer growth, the signing of a number of partnerships and investment in new products and services that complement the core energy and telephony offer.
“We’ve strengthened the management team with hires right across our operations and at leadership level we’re excited to welcome new director, Marco Ferrara, who is delivering our digital home mover platform.
“Marco’s extensive experience in developing and bringing to market tech platforms is a huge asset.”