FY16 results were in line with the post-trading statement expectations and showed continuing growth, despite staff retention difficulties and investment in energy services. In FY17 we expect improved staff retention and additional energy service contracts, such as that recently signed with Asda. With improving cash flow and a strengthened management team, there is the prospect of further growth in the current year. Utilitywise’s (UTW) current rating does not appear to reflect this potential for growth.