Energy Assets says outlook remains “positive”

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Gas meter manager Energy Assets today said the outlook for the year ahead “remains positive” as customers seek to improve their energy efficiency.

The Livingston-based firm said trading in the current year continues to improve, having already reported a 49 per cent surge in revenues to £5.5 million during the first quarter.

Speaking ahead of the group’s annual meeting, chairman Chris Masters – the former executive chairman of temporary power supplier Aggreko – said: “The business outlook for 2013/14 remains positive and the group remains well positioned to take advantage of the opportunities arising from regulatory changes in the UK industrial and commercial gas market and the desire of end-user consumers to improve the efficiency of their energy usage.”

Masters said Energy Assets had a portfolio of about 89,000 meters at the end of July, an increase of 10 per cent since the start of the financial year, spread across 28 gas suppliers.

The firm is due to publish its first-half results on 12 November.