Bill Bullen Net Worth

Bill Bullen is the founder and CEO of Utilita Energy with an estimated net worth of $18 million. Bill Bullen is an energy supply business expert who has worked in the field for over three decades. Bill obtained a degree in Engineering from the University of Bath in 1984 before going to pursue his Masters

Bill Bullen is the founder and CEO of Utilita Energy with an estimated net worth of $18 million. Bill Bullen is an energy supply business expert who has worked in the field for over three decades.

Bill obtained a degree in Engineering from the University of Bath in 1984 before going to pursue his Masters in Energy Conservation and Environment from Cranfield School of Management. 

He told the Good Morning Britain presenters Ben Shephard and Kate Garraway that his company is working hard to help their customers during the crippling cost of living crisis.

Bill Bullen Net Worth In 2022

Bill Bullen net worth currently stands at $18 million dollars.

Bill made his money from multiple million-dollar companies as a business executive.

He started his career as an analyst at Caminus Energy from 1985 to 1988. Similarly, he worked as a business analyst for Sweb from 1989 to 1993.

His first-ever job as a business executive happened in August 1998 when he joined Electricity Direct Limited as the company's director. He took the company from a start-up in 1998 and sold it in 2002. At the time of selling, the company had ten thousand customers and a turnover of over $300 million. 

The company was one of the few new entrant energy supply businesses to manage a successful exit. British Gas bought the company for a whopping $60 million. He must have received a good sum as he was the company's top executive.

He became the director of Centrica in 2002 and took over the responsibility for purchasing and pricing across the entire BGB portfolio following the acquisition of Electricity Direct by BGB.

He left the company to create Utilita Energy Limited in June 2004. Utilita played a crucial role in increasing his net worth, as the company is presently valued at a staggering $1.95 billion.

According to its financial charts, the company’s total assets increased by around three percent from the previous year and reached a massive height of $215 million. The bank cash amount also had an increment of hundred and fifty percent and reached more than $5 million.

The company operating profit also increased in the last year, making it clear that it is growing massively under Bill’s supervision.

Therefore, he must have earned significant money in the last year thanks to his company's wonderful financial market results. If the statistics keep growing, the company is sure to reach even further heights in the coming years.

Bill Bullen Is The Chief Executive Officer Of Utilita Energy Limited

Bill Bullen is the founder and chief executive officer of Utilita Energy Limited.

The UK's first and only specialized Pay As You Go Smart Energy provider, Utilita, was established in 2003. When Bill and his three buddies decided to take on the Big Six energy suppliers back in the day, they had the audacious idea to launch the business.

He founded the business to aid households receiving shoddy service and getting overcharged. His goal was to provide clients with greater support and a more equitable transaction. Today, the company is the choice of more than eight hundred thousand homes.

To give its clients greater insight and control over their energy usage than ever before, the company deployed Britain's first smart meter in 2008 and has been deploying cutting-edge technology ever since.

The business also released the My Utilita app, an award-winning tool that has saved users at least $600 million since its release in 2010.

High street Energy Hubs were first introduced nationwide by Utilita in 2018, allowing consumers to top up, check their accounts, and receive energy-saving advice in-store. Utilita has energy hubs in Southampton, Gosport, Derby, Isle of Wight, West Bromwich, and Edinburg as of December 2020.

Utilita has a partnership with Secure Meters, an Indian provider of smart meters. Bill possessed the remaining one-third of the company shares, and Smart Metes owned around two-thirds of them.

Bullen has maintained control over the business, despite a preferred supplier having unexercised options that could allow it to seize control.

Bill and his company have sponsored multiple football clubs over the years. They first sponsored Eastleigh Football Club from 2016 to 2017 and continued for four seasons.

They sifted to Dundee United as the new shirt sponsor in March 2017 for a two-year deal. However, the deal ended after one season but held the sleeve sponsorship for the 2021-22 season.

Bristol Rovers confirmed in 2019 that Utilita would be the shirt sponsor on a one-year deal, which was extended for the 2020–21 season. Utilita and Scunthorpe United agreed to a two-season shirt sponsorship agreement in July 2019.

Finally, Brentford said Utilita would be the jersey sponsor for the 2020–21 campaign in August 2020. Utilita was announced as the jersey sponsor for Huddersfield Town in March 2021 for a three-year period beginning with the 2021–22 campaign.

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