Telecom Plus PLC Logo

Telecom Plus PLC

ISIN: GB0008794710 | Ticker: TEP | LEI: 549300QGHDX5UKE58G86
Country: United Kingdom

About Telecom Plus PLC

Company Description

Telecom Plus PLC is a well-established utility company in the United Kingdom. Founded in 1996, the company is a leading provider of gas, electricity, landline, broadband, and mobile services in the region. Telecom Plus is also commonly referred to as The Utility Warehouse since it presents a unique approach to the challenging task of supplying utility services in the UK market.

The company's business model is based on a unique approach, where it consolidates different utility services into one account for its customers. This arrangement allows them to enjoy a variety of utility services from a single source, which offers numerous benefits such as convenience, simplicity and better value.

Telecom Plus has slowly grown over the years, becoming a publicly traded company since 2000, and it has gained a reputation as a reliable and cost-effective service provider. The company consistently ranks highly in customer service reviews and has won numerous awards for its excellent services.

Year founded


Served area

United Kingdom




Network HQ, 508 Edgware Road, NW9 5AB London – United Kingdom

Financial statements

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Line item in (gbp) 01.04.2020 01.04.2021 01.04.2022
Assets N/A 462,664,000.00 465,785,000.00
Noncurrent Assets N/A 237,985,000.00 223,540,000.00
Property Plant And Equipment N/A 34,865,000.00 26,180,000.00
Investment Property N/A 8,575,000.00 8,345,000.00
Goodwill N/A 5,324,000.00 3,742,000.00
Intangible Assets Other Than Goodwill N/A 160,626,000.00 152,418,000.00
Other Noncurrent Assets N/A 28,595,000.00 32,855,000.00
Current Assets N/A 224,679,000.00 242,245,000.00
Inventories N/A 6,325,000.00 4,152,000.00
Trade And Other Current Receivables N/A 51,666,000.00 50,463,000.00
Cash and cash equivalents 43,611,000.00 25,056,000.00 30,359,000.00
Cash N/A 25,056,000.00 29,647,000.00
Noncurrent Assets Or Disposal Groups Classified As Held For Sale Or As Held For Distribution To Owners N/A 0.00 3,838,000.00
Equity 221,952,000.00 212,378,000.00 205,573,000.00
Issued Capital N/A 3,970,000.00 3,982,000.00
Retained Earnings N/A 70,306,000.00 61,935,000.00
Share Premium N/A 145,094,000.00 147,112,000.00
Treasury Shares N/A 5,502,000.00 5,502,000.00
Capital Redemption Reserve N/A 107,000.00 107,000.00
Equity Attributable To Owners Of Parent N/A 212,825,000.00 206,484,000.00
Noncontrolling Interests N/A -447,000.00 -911,000.00
Noncurrent Liabilities N/A 97,617,000.00 101,059,000.00
Deferred Tax Liabilities N/A 1,145,000.00 1,078,000.00
Longterm Borrowings N/A 89,376,000.00 99,215,000.00
Current Liabilities N/A 152,669,000.00 159,153,000.00
Trade And Other Current Payables N/A 30,374,000.00 38,101,000.00
Liabilities Included In Disposal Groups Classified As Held For Sale N/A 0.00 7,551,000.00
Line item in (gbp) 01.04.2020/
Revenue 861,204,000.00 967,433,000.00
Other Income 1,175,000.00 1,844,000.00
Profit Loss From Operating Activities 45,788,000.00 50,920,000.00
Finance Income 84,000.00 136,000.00
Finance Costs 2,358,000.00 2,709,000.00
Profit Loss Before Tax 43,514,000.00 47,208,000.00
Income Tax Expense Continuing Operations 10,955,000.00 12,205,000.00
Profit (loss) 32,559,000.00 35,003,000.00
Profit Loss Attributable To Owners Of Parent 32,577,000.00 35,467,000.00
Profit Loss Attributable To Noncontrolling Interests -18,000.00 -464,000.00
Line item in (gbp) 01.04.2020 01.04.2021 01.04.2022
Profit (loss) N/A 32,559,000.00 35,003,000.00
Adjustments For Decrease Increase In Inventories N/A -1,694,000.00 2,173,000.00
Adjustments For Sharebased Payments N/A 1,377,000.00 960,000.00
Adjustments For Losses Gains On Disposal Of Noncurrent Assets N/A -47,000.00 -940,000.00
Income Taxes Paid Refund Classified As Operating Activities N/A 10,945,000.00 11,528,000.00
Cash Flows From Used In Operating Activities N/A 43,357,000.00 51,295,000.00
Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities N/A 100,000.00 1,567,000.00
Purchase Of Property Plant And Equipment Classified As Investing Activities N/A 2,582,000.00 2,196,000.00
Purchase Of Intangible Assets Classified As Investing Activities N/A 7,457,000.00 7,747,000.00
Interest Received Classified As Investing Activities N/A 98,000.00 136,000.00
Cash Flows From Used In Investing Activities N/A -9,841,000.00 -8,240,000.00
Proceeds From Issuing Shares N/A 1,206,000.00 2,032,000.00
Proceeds From Borrowings Classified As Financing Activities N/A 30,000,000.00 65,000,000.00
Repayments Of Borrowings Classified As Financing Activities N/A 35,000,000.00 55,000,000.00
Payments Of Lease Liabilities Classified As Financing Activities N/A 1,321,000.00 1,530,000.00
Dividends Paid Classified As Financing Activities N/A 44,708,000.00 44,787,000.00
Interest Paid Classified As Financing Activities N/A 2,002,000.00 2,630,000.00
Cash Flows From Used In Financing Activities N/A -52,071,000.00 -37,752,000.00
Increase (decrease) in cash and cash equivalents after effect of exchange rate changes N/A -18,555,000.00 5,303,000.00
Cash and cash equivalents 43,611,000.00 25,056,000.00 30,359,000.00

Please note that some sums might not add up.

Filings & Publications


Consolidated Report
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

Insider Trades

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Short Interest

Current short interest

Position Holder Short Interest in Percent Date
GLG Partners LP 0.69% 12.07.23
GLG Partners LP 0.62% 30.10.23
GLG Partners LP 0.72% 05.12.23
GLG Partners LP 0.58% 03.10.23
Total 2.61%

Capital markets information






Communication Services

Industry Group

Telecommunication Services


Diversified Telecommunication Services


Integrated Telecommunication Services

Listed Stock Exchange

London Stock Exchange

Stock Index

FTSE 250

Main Stock Exchange

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