Eaga

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Eaga
Type Public (LSEEAGA)
Industry Energy
Founded 1990
Headquarters Newcastle upon Tyne, UK
Key people Charles Berry, Chairman
Drew Johnson, CEO
Revenue £762.2 million (2010)[1]
Operating income £42.4 million (2010)[1]
Profit £29.6 million (2010)[1]
Website www.eaga.com

Eaga plc was a British company supplying energy efficiency products. It was headquartered in Newcastle upon Tyne. In April 2011 it was acquired by Carillion.

History[edit]

The business was founded in 1990 in Newcastle upon Tyne as the Energy Action Grants Agency ('EAGA') Partnership[2] to administer the Home Energy Efficiency Scheme in the local area.[3] In 2000 it was restructured to become an employee owned business.[3] In 2005 it acquired Millfold[3] and in 2006 it acquired Everwarm and established HEAT.[3] It was first listed on the London Stock Exchange in 2007 following a £450 million Initial Public Offering.[4]

In 2008 the BBC appointed Eaga its preferred supplier for the Digital Switchover Help Scheme.[5]

In 2010 Eaga moved a number of their Newcastle staff to Partnership House in Gosforth, a building built by the troubled Northern Rock bank, and purchased by Newcastle City Council.[6] In December 2010 Eaga announced that it would be cutting 700 jobs across the country due to government cutbacks in the Warm Front grant.[7]

In April 2011 it was acquired by Carillion for £306 million.[8]

Operations[edit]

The Company was organised into the following segments:[9]

  • Carbon services
  • Heating & renewables
  • Managed services

References[edit]

  1. ^ a b c Annual Report 2010
  2. ^ Energy Action Grants Agency Partnership
  3. ^ a b c d Eaga: History
  4. ^ "Berry lands windfall from Eaga float". Scottish Herald. 2007-06-08. Retrieved 2011-06-01. 
  5. ^ "BBC appoints Eaga as the preferred supplier to the Digital Switchover Help Scheme". BBC. 2008-02-11. Retrieved 2008-10-08. 
  6. ^ "New offices for Eaga". eaga. 2009-04-22. Retrieved 2009-04-23. 
  7. ^ "Tyneside firm Eaga reveals major job cuts". Evening Chronicle. 2010-12-14. Retrieved 2011-01-02. 
  8. ^ "Carillion buys Eaga for £300m in bet on 'green home' revolution". Daily Telegraph. 2011-02-12. Retrieved 2011-11-21. 
  9. ^ Annual Report

External links[edit]