Turnaround underway at Fulcrum

GAS connection firm Fulcrum Utility Services has hailed a cut in pre-tax losses as evidence its turnaround plans are working.

The company posted pre-tax losses of £3.8m for the six months to the end of September, down from £7.9m in the same period last year.

Revenue for the period also grew from £18.4m to £19.6m.
 
Chief executive John Spellman said: “The first half of the year has been another period of substantial change for Fulcrum. 

“The company has made significant additional progress against our turnaround plan, reducing costs and improving the ability of the business to provide our customers with premium quality engineering, design and customer service. 
 
“There is work still to be done.  However we have now put the foundations in place for Fulcrum to begin to realise its full potential within the UK energy connections market, moving into profitability and sustained growth.”

Fulcrum provides gas connection services to residential, commercial and industrial markets ranging from single properties to large developments.