Newcastle-based investor Jeremy Middleton.

ISSUED ON BEHALF OF MIDDLETON ENTERPRISES

High profile business man Jeremy Middleton has made a further investment in energy cost management company Utilitywise.

Mr Middleton, who was appointed as non-executive director at the South Shields-based firm last year, bought 1,153,846 ordinary shares in Utilitywise, it was announced today (22), bringing his total interest in the company to 1,793,956 ordinary shares, or 2.48pc of the firm.

Utilitywise, which posted an 81pc rise in pre-tax profit from £3.8m to £6.9m to the year ended July 2013, following its first year on the AIM, employs about 470 staff.

Mr Middleton, who runs Newcastle-based investment firm Middleton Enterprises, said: “Utilitywise is an outstanding company with a great future. There is a growing need for its services and it is led by a really impressive management team. It is an expanding company which represents a fantastic long-term investment.”

ENDS
CONTACT: Lauren Pyrah on 01325 363436

Notes to Editors:

Middleton Enterprises Ltd is a private investment company that has made a substantial contribution to the North East’s economy by investing in and providing business advice to entrepreneurial businesses.

During recent years, it has supported a number of North East businesses, generally from start-up, usually taking a minority stake and offering strategic advice to support growth.

Twitter:
Facebook:
Share
LinkedIn:
Google+ :

« Back

Hi-Resolution Image

Newcastle-based investor Jeremy Middleton.
Download Large