, United Kingdom (PressExposure) April 24, 2009 -- According to the Financial Times "there are two more essential ingredients that the Company of the Year contenders display that help them thrive in today's demanding economic environment. Good liquidity, and competitive innovation" and it is precisely these two ingredients that allowed Telecom Plus to be crowned Company of the Year at the Financial Times awards this year.
And it is precisely this innovation that is allowing the growing band of Telecom Plus distributors to recession-proof their businesses.
In fact, according to Chief Executive Charles Wigoder, Telecom Plus actually benefits from a recession because "Many casual jobs no longer exist, overtime opportunities are no longer there, work hours are reduced, so we are seeing record numbers of new distributors looking to top up their income. Meantime, consumers are keener to grasp opportunities to shave household bills, and improve visibility over their outgoings"
Founded in the late 1990's, Telecom Plus continue to innovate and offers services unique to the UK market, such as a single bill for all its mobile & fixed telephony, broadband and gas & electricity. Recently it has added the CashBack MasterCard, a chargeable payment card which helps households economise. Using the card for purchases at retail chains such as J Sainsbury, Boots, Comet, Argos, Debenhams and many more, gives households a 5 per cent discount offset against their Telecom Plus bills.
Furthermore the company does not advertise. Rather, new households are recruited to its Utility Warehouse Discount Club by a network of distributors who are existing users, and who receive a small percentage of the bills paid by every new customer they recruit, in perpetuity, so retain a strong interest in ensuring continued customer satisfaction.
Distributor confidence, already high, is further helped by a string of awards from consumer watchdog magazine Which?, who say that Telecom Plus is the best household provider of broadband, fixed telephone and energy in the UK.
Couple this with comments like "By any measure, a FTSE 250 business that is doubling revenues annually is remarkable; to be doing so in the utility sector, by definition mature, is all the more astonishing" from highly regarded institutions such as the Financial Times, and it is clear that UK entrepreneurs are considering Telecom Plus as a viable network marketing partner.