Case Studies
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type=”tick”]Fifth Street Management Ltd are a property management company for apartment blocks in Knightsbridge, Portland Place and other areas of London. They had taken over the facilities of these buildings but some their energy contracts had inadvertently not been renewed so were on “out of contract prices”. Renegotiating these contracts onto fixed price contracts saved over £250,000 in the first year. There was also inaccurate billing from suppliers and on some accounts monies taken did not match invoices, Utel Audits were able to resolve these anomalies and identified a further £100,000 savings for the tenants.
European Development Co (Hotels) Ltd based in Aberdeen hold a franchise for Holiday Inn Express hotels and they were referred to Utel Audits in 2003 because they needed the urgent installation of an electricity meter for a new build and an electricity supply agreement. This was completed smoothly and on time so Utel Audits were asked to negotiate new contracts for a further 2 hotels which resulted in savings of over 20% off the renewal prices from their existing supplier. They were impressed with our exceptional level of customer service and savings made and we now deal with all their hotels, restaurants and their HQ. Utel Audits work on a management fee and manage all energy accounts within the Group saving them tens of thousands of pounds over our fee.
Bartholdi Ltd is food manufacturer supplying airline companies and major stores with high quality products. Utel Audits were initially brought in to carry out a full audit on all their Utilities. We found that the shift patterns were such that by changing the profile of one of their electricity supplies and changing their meter savings of 30% could be achieved whilst savings of 27% were made on their gas & large electricity contracts.
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