Monday, September 5, 2011

News: Fulcrum moves to Sheffield premises


Rotherham-based energy solutions company, Fulcrum Utility Services Limited has moved to smaller premises on the Sheffield Business Park.

The Greasborough Road firm is an independent gas transporter and provider of unregulated gas connection services that has been undergoing a turnaround since it was acquired by Marwyn Capital in a reverse takeover in July 2010.

The takeover saw an experienced new management team brought in to turnaround loss-making operations and re-establish the business as a market leader.

The management launched a series of initiatives aimed at improving the operational efficiency of the business, including a comprehensive appraisal of business processes, systems and contract profitability.

This lead to staff levels being reduced by more than 100, (representing around 30% of the total workforce), following the closure of the Edinburgh office in January 2011, and a rationalisation of the Rotherham head office.

77 staff left the business from Rotherham and the group stated that: "as far as possible these redundancies have been carried out on a voluntary basis."

Lambert Smith Hampton's (LSH) Sheffield office is advising Fulcrum Infrastructure Services as part of their new business plan, which has involved the acquisition of the 20,000 sq ft 2 Europa View unit on the business park surrounding the former Sheffield airport. A move that is creating up to 150 new jobs.

Fulrum website


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