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Is The Utility Warehouse Discount Club a Scam?



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By : malcolm Ivinson    29 or more times read
Submitted 2010-08-01 12:43:30
Is the Utility Warehouse Discount Club a fiddle or true? A speedy hunt on the internet will bring to light numerous feedback giving upbeat plus some pessimistic remarks on the subject of the club.

The majority of course, are based upon individual experiences regarding the club and spoilers trying to get people to their respective deals declare a few pessimistic observations. Distributors similar to myself with a financial interest in people joining the club record a few as well, which as you would guess are optimistic. I have a twice over financial interest in that I hold shares in the company and I would like to see the share value race ahead.

The point is everyone approaches it from his or her own angle and it is hard to get a completely objective view.

A good place to start would be by way of the financial journalists such as the Financial Times and places in the vein of Google news. Another indicator would be the company’s customers. Do they feel ripped off and used? It does not appear so, because in a recent study, 94% of the Utility Warehouse customers said that they would recommend the company to a colleague. And in actual fact many of them do. Which? Magazine in their last four reports on gas and electricity companies named them as the Best Energy Supplier. They also came top in their most recent home phone survey plus they have also had ‘Best Buy’ awards for their Internet services for the past 2 years. Great praise indeed. You can check all this in your area library.
It would be hard to be a cheat as a especially well respected British company Telecom Plus plc controls it. Founded in 1997, the company has enjoyed extraordinary increase, and has been listed on the London Stock Exchange since 2000. A business club was launched in 2005 so that small and medium-sized firms could benefit from the great value and service offered by the Utility Warehouse Discount Club.
Being a british listed company it has very firm accountability rules unlike lots of other networking companies. Telecom plus is listed on the London Stock Exchange (ticker: TEP LN).

The company is led by Charles Wigoder, who is the executive chairman.Charles, aged 48, qualified as a Chartered Accountant with KPMG in 1984 and was subsequently employed by Kleinwort Securities as an investment analyst in the media and communication sectors. Between 1985 and 1988, he was head of corporate finance and development at Carlton Communications Plc and then Quadrant Group plc. In March 1988, he left Quadrant Group to set up The Peoples Phone Company plc, which was subsequently purchased by Vodafone in December 1996. He joined the Company in February 1998.

Telecom Plus was named PLC of the Year at the annual PLC awards in 2009, and has received lots of other awards and endorsements from consumer organizations and in the press.

It is the UK's only fully integrated supplier of a wide range of competitively priced utility services, spanning both the communications and energy markets. And its customers profit from the advantage of a single monthly bill, consistently good value across all their utilities, plus exceptional levels of customer service. The company does not advertise, relying instead on 'word of mouth' recommendation by existing satisfied customers in order to grow their market share.

I know the company isn’t a fiddle because I am a shareholder, a customer and a distributor. If you have asked the question above then it’s down to you to try to find the truth for yourself. I trust this short piece of writing provides you a number of pointers.
Author Resource: Malcolm Ivinson is a Utility Warehouse Telecom Plus Distributoras well as an online business entrepreneur.
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