Utility consultancy moves to bigger premises

An energy consultant has moved his business to bigger offices in Redditch.

Kumran Siddique says the collapse in energy prices as a result of the coronavirus pandemic offers a “silver lining” for companies – the chance to fix their gas and electric bills at a dramatic discount.

The pandemic has resulted in a worldwide economic slowdown, with the drop in demand for gas and electricity pulling down prices.

Siddique says the companies he is advising currently are able to fix their energy contracts for the next five years at prices as much as 30% lower than just a few months ago.

“While a lot of businesses are on furlough or have slowed right down, this is the ideal time to fix their energy deals,” said Siddique, whose My Utility Savings business is now based at offices in Church Green East.

He said: “We needed somewhere central in Redditch in a hurry. I got in touch with the team at John Truslove and they have been brilliant. Ben Truslove and Ruth Banting worked really hard helping me find the right offices on good terms and did it really quickly.”

My Utility Savings has taken 828 sq ft of office space on the second floor at 24 Church Green East for five year term at £6,500 a year.

Ben Truslove, joint managing director at John Truslove property, said: “Kumran Siddique and My Utility Savings are providing a timely service for local companies. The firm needed to move from their previous premises as their lease was ending and we were able to use our extensive knowledge of the local office market and our strong relationship with commercial landlords to help them find a new home particularly quickly.

“It meant they were ready when everything changed earlier this year, so they can provide their services to help local businesses come through this current crisis as strongly as possible.”