Regus Management (UK), which has 18 sites in Scotland, has renewed its contract with the Edinburgh-based retailer, one of the largest suppliers in the Anglo-Scottish market. Business Stream will provide Regus with consolidated billing for all of its sites in Scotland and has already helped the company realise over £100,000 of savings during these past two years. Business Stream will also be providing wider support around water management to help the company achieve further cost and environmental efficiencies, including deploying automated meter readers (AMRs) to help track water use. Derek Salter, UK Procurement Director, Regus Management (UK) Limited said: “We value the account management support we’ve received from Business Stream to date and are excited to continue working with them to deliver further water efficiency savings across our portfolio of sites in Scotland.” Scotland’s non-domestic market, which covers all premises across private and public sector organisations, opened to competition in April 2008. Since then Business Stream customers have saved more than £160 million on their water bills and conserved 24 billion litres of water. Last year the company acquired the non-household customer base of Southern Water, increasing its foothold in England. James Cardwell-Moore, Commercial Director, Business Stream said: “We are delighted to be continuing our partnership with Regus. We are working with the company to help them fully realise the financial and environmental benefits available and remain committed to providing a seamless customer experience.” · Business Stream is the largest operator in the Scottish non-domestic water market. Its most recent profit before tax was £21.8 million from revenue of £281 million. Headquartered in Edinburgh, it also has offices in Glasgow and Worthing, and employs around 350 staff. · Since retail competition was introduced to Scotland in 2008, Business Stream has saved businesses and public sector organisations more than £160 million and helped them conserve more than 24 billion litres of water. These benefits include £53 million in water efficiency savings, more than £99 million in discounts and £7 million in energy efficiency savings. · The company is a wholly-owned subsidiary of Scottish Water with its own board and independent management team. It was formed in 2006 with the goal of providing a first class service for business customers on the opening of the competitive market.
Workspace provider Regus, which is owned by IWG, has agreed to renew its water supply and wastewater service contract with water retailer Business Stream for three years. Regus's 18 Scottish sites will use the Edinburgh retailer, which will provide them with consolidated billing. The company has already saved more than £100,000 over the past two years because of the service. Business Stream offer improves water management, using automated meter readers to more accurately track water usage.