 | |
| Type | Public (LSE: EAGA) |
|---|---|
| Industry | Energy |
| Founded | 1990 |
| Defunct | 2011 |
| Fate | Bought by Carillion |
| Headquarters | , |
Key people | Charles Berry, Chairman Drew Johnson, CEO |
| Revenue | £762.2 million (2010) [1] |
| £42.4 million (2010) [1] | |
| £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.
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] The Eaga name subsequently disappeared as the business took on the Carillion Energy Services brand. [9]
The Company was organised into the following segments: [10]
Northern Rock, formerly the Northern Rock Building Society, was a British bank. Based at Regent Centre in Newcastle upon Tyne, United Kingdom, Northern Rock was originally a building society. It demutualised and became Northern Rock bank in 1997, when it floated on the London Stock Exchange with the ticker symbol NRK. During the early 2000s the company borrowed substantially to fund mortgages, with the aim of ambitious growth, and also donated large amounts to charitable purposes and communities directly and through sponsorships. The global banking crisis beginning around 2007–08 meant that it was unable to produce income as expected from its loans, and was at risk of being unable to repay the amounts it had borrowed. The news that the bank had approached the government for support with its liquidity led within 24 hours to a public lack of confidence and concerns that savings were at risk, and the bank failed following a bank run as people rushed to withdraw their savings. It was the first British bank in 150 years to fail due to a bank run.
The Sage Group plc, commonly known as Sage, is a British multinational enterprise software company based in Newcastle upon Tyne, England. As of 2017, it is the UK's second largest technology company, the world's third-largest supplier of enterprise resource planning software, the largest supplier to small businesses, and has 6.1 million customers worldwide. It has offices in 24 countries. The company is the patron of the Sage Gateshead music venue in Gateshead.
Centrica plc is a British multinational energy and services company with its headquarters in Windsor, Berkshire. Its principal activity is the supply of electricity and gas to consumers in the United Kingdom and Ireland.
Digital terrestrial television in the United Kingdom encompasses over 100 television, radio and interactive services broadcast via the United Kingdom's terrestrial television network and receivable with a standard television set. The majority of digital terrestrial television (DTT) services, including the five former analogue channels, are broadcast free-to-air, and a further selection of encrypted pay TV services are also available.
Regent Centre is a large business park in Gosforth, Newcastle upon Tyne, England. The business park is home to a variety of companies, including banking group Virgin Money whose Head Office is located on the site. The Centre has its own transport interchange with a station on the Tyne & Wear Metro and integrated bus station.
Carillion plc was a British multinational construction and facilities management services company headquartered in Wolverhampton in the United Kingdom, prior to its liquidation – officially, "the largest ever trading liquidation in the UK" – which began in January 2018.
Balfour Beatty plc is a British multinational infrastructure group based in the United Kingdom with capabilities in construction services, support services and infrastructure investments. A constituent of the FTSE 250 Index, Balfour Beatty works across the United Kingdom, Ireland, the United States, Canada and South East Asia.
Newcastle College is a large further education and higher education college in Newcastle upon Tyne, with more than 16,000 students enrolled each year on a variety of full time, part time, and distance learning. It is the largest further education college in the North East of England and one of the largest in the United Kingdom.
Babcock International Group plc is a British aerospace, defence and nuclear engineering services company based in London, England. It specialises in managing complex assets and infrastructure. Although the company has civil contracts, its main business is with public bodies, particularly the United Kingdom's Ministry of Defence and Network Rail. The company has four operating sectors, with overseas operations based in Africa, North America, South America, Europe and Australia.
Laing O'Rourke is a multinational construction company headquartered in Dartford, England. It was founded in 1978 by Ray O'Rourke. It is the largest privately owned construction company in the United Kingdom.
E.ON UK is a British energy company and the largest supplier of energy and renewable electricity in the UK, following its acquisition of Npower. It is a subsidiary of E.ON of Germany and one of the Big Six energy suppliers. It was founded in 1989 as Powergen, and was listed on the London Stock Exchange and was once a constituent of the FTSE 100 Index. It has been a subsidiary of E.ON since 1 July 2002.
Npower Limited is a British supplier of gas and electricity to businesses. It is a subsidiary of E.ON UK after being acquired in January 2019. It was formerly known as Innogy plc. As Innogy plc it was listed on the London Stock Exchange and was a constituent of the FTSE 100 Index.
Energy Saving Trust (EST) is a British organization devoted to promoting energy efficiency, energy conservation, and the sustainable use of energy, thereby reducing carbon dioxide emissions and helping to prevent man-made climate change. It was founded in the United Kingdom as a government-sponsored initiative in 1992, following the global Earth Summit.
The CRC Energy Efficiency Scheme was a mandatory carbon emissions reduction scheme in the United Kingdom which applied to large energy-intensive organisations in the public and private sectors. It was estimated that the scheme would reduce carbon emissions by 1.2 million tonnes of carbon per year by 2020. In an effort to avoid dangerous climate change, the British Government first committed to cutting UK carbon emissions by 60% by 2050, and in October 2008 increased this commitment to 80%. The scheme has also been credited with driving up demand for energy-efficient goods and services.
Grainger plc is a British-based residential property business. It is headquartered in Newcastle upon Tyne and is a constituent of the FTSE 250 Index.
Amey plc, previously known as Amey Ltd and Amey Roadstone Construction, is a United Kingdom-based infrastructure support service provider. Since 2003, it has been a subsidiary of the Spanish infrastructure services company Ferrovial.
Partnership House is a landmark tower office building in Gosforth, Newcastle upon Tyne, United Kingdom. It is located within the Regent Centre business park, and was originally built to act as the main entrance and landmark building within the headquarters complex of the Northern Rock bank, prior to its near-collapse and nationalisation. It lies in the West Gosforth council ward. The building is owned by the local council, Newcastle City Council, whereas the majority of the Regent Centre buildings are owned by Omnia.
Mark Group Limited is a UK based energy advice and installation company, who focus upon energy efficiency. Mark Group went into administration on 7 October 2015. They work with homeowners, businesses, housebuilders and the construction industry, local authorities and social housing providers. Mark Group operates out of 17 locations throughout England, Scotland and Wales. Its head office is based in Leicester, East Midlands, where approximately 500 of its staff operate.
British Business Bank plc (BBB) is a state-owned economic development bank established by the UK Government. Its aim is to increase the supply of credit to small and medium enterprises (SMEs) as well as providing business advice services. It is structured as a public limited company and is owned by the Department for Business, Energy and Industrial Strategy. The bank has its headquarters in Sheffield.
Sandyford House is a large office development on Sandyford Road in Sandyford, Newcastle upon Tyne. It was the offices and meeting place of Tyne and Wear County Council from its formation in 1974 until it was abolished in 1986.