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Home News Business

Leep-ing ahead: Investment sees utility firm based in Reading grow again

by James Hastings
May 24, 2023
in Business, Reading
Leep is growing Picture: Phil Tragen

Leep is growing Picture: Phil Tragen

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A READING company which started off with a staff of 10 just six years ago has announced another major expansion.

Leep Utilities is doubling its vehicle fleet to support its ongoing growth and recruitment drive for engineers in both the water and electricity sectors.

The company is a leading owner and operator of last-mile utility networks across the UK. It has increased the number of employees by 47 in the last financial year and reported its most successful trading year ever.

The acquisition of the new vans will enable Leep’s highly skilled team of water and electricity engineers to service and monitor more networks on construction sites and commercial and housing developments nationwide.

All new Leep vehicles feature the firm’s ‘Straightforward Connections’ strapline – highlighting its breadth of expertise and true multi-utility adoption offering – and are fully equipped to enable the most efficient and safe customer service delivery.

Leep Utilities has a workforce of over 120, made up of engineers and support staff working across multiple functions. In addition to its southern base in Reading, the company also has an office in Salford, Greater Manchester.

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Reading-based utilities firm Leep says it has enjoyed its most successful year since launch

Louise Manfredi, CEO of Leep Utilities, said: “Not only are we doubling our fleet of vehicles with these new additions, but we’re also marking yet another huge milestone for the company and our future strategic direction. We can’t wait for our water and electricity engineers to take them on the road, to service our growing number of customers.

“There’s been a significant step change in our scale, operations and performance in recent years, which has led to our ongoing recruitment drive and investment in these new vehicles. We’re growing at a substantial rate and these new vans will further support our capabilities and customer services to accelerate it further.”

Trevor Sargent, Head of Electrical Connections in the UK, for Leep Utilities announced the business was making “major headway” with both water and electricity projects.

“That’s why we’ve invested in these new vehicles. We’re now working within a wider market, to offer all UK developers, contractors and consultants a flexible last-mile utility solution for new residential, commercial and mixed-use developments – whether that’s on electricity, water or heating networks, or a combination of them all. We’re all very excited about what our future holds and these new vans will literally help us to drive our ambitious growth strategy forward.”

Leep Utilities was formed as a joint venture between Ancala Partners LLP (‘Ancala’), an independent investment management firm and The Peel Group, one of the UK’s leading private real estate investment and infrastructure companies.

With offices in MediaCityUK and Reading, it owns and operates regulated and non-regulated utility networks, including electricity, cold and hot water, heating and cooling with a portfolio of sites across the country, including Media City, Liverpool Waters and Canary Wharf.

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