Fulcrum's new contract wins values order book at £21m

Fulcrum, the Sheffield-based independent multi-utility services provider, has increased the value of its order book to £21m.

This value is a rise of 11% on the year end position. The trading update also shows that the company’s earnings before tax are expected to be ahead of market expectations.

The order book at Fulcrum includes contract wins of a £1.4m, two kilometre gas pipeline in the North East of England and a £1m contract to install high voltage electricity cabling to a hospital development in the West Midlands.

Fulcrum has also won multi-utility infrastructure contracts in the domestic housing market.

The company is set to adopt, own and operate domestic meters from October and is actively pursuing full accreditation to extend meter ownership to include industrial and commercial applications.

Fulcrum has pre-existing pipeline asset ownership capabilities and the adoption of gas meters will complete Fulcrum’s end-to-end offering.

In recent years the company has experienced a significant growth period, having increased its first profit of £600k in 2015 to £4.3m in the year ending March 2016.

Martin Donnachie, chief executive of Fulcrum, said: “Fulcrum continues to deliver on its strategy and further strengthen its offering.

“With the sustained growth in EBITDA and cash generation, diversifying into meter asset management and our significant and diverse contract wins, we continue to move forward with confidence for the future.”

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