Energy supplier to build Leicester offices as revenues soar

Yü Group, the Nottingham-based utilities supplier to businesses, is set to build its own office in Leicester after forecasting another large rise in revenues this year.

The company, which now employs 140 people, says it will leave its rented offices in St George’s House in Leicester and buy a new purpose-built premises next year after saying its full year revenues for this year will be at least £82m – a £74m rise on 2017.

Bobby Kalar, chief executive of Yü Group, said: “I am delighted with the continuing strong growth we have achieved not only in the first six months of the year but also the high levels of contracted revenue underpinning the Group’s financial performance for the current year and beyond. This reinforces my belief that there remains significant room for the Group’s continuing rapid growth. I am particularly pleased that we have achieved this growth whilst maintaining the very high levels of customer satisfaction which are so important to the Group. We now have the capital base and have accelerated investment in people and infrastructure to take full advantage of the market opportunity.

“We continue to develop our disruptive brand and reputation with confidence whilst staying aligned to our core business.”