Our Clients

Overview of the Company

Revenue Assurance Services (RAS) was founded in 1998 as a supplier of business management software and IT Services. Following a divestment of its software and IT businesses, the Company embarked upon an acquisition strategy of businesses supplying specialist billing services to the Utility Industry. With the acquisition of UBM, Powerdebt and Utility Management Services, RAS identifies and resolves previously unidentified billing imbalances and end to end management for the Utility industry.

RAS acts for major players within the gas and electricity markets supplying Industrial and Commercial ('I&C') customers. Operating as a 'partner' to reduce the error rate in billing systems, RAS significantly improves efficiency, earning its revenue based on the value of unbilled utility sales. In 2006, the UK energy market was worth over £21 billion. Assuming an I&C market size of £11.5 billion p/a, an error rate of 2% represents £230 million in errors to be recovered. 

Summary of our services for the Company:

Buchanan Communications has acted for RAS since the flotation of the Company in 1998, following its development into a successful business today. Buchanan handled all media and analyst relations, particularly for all M&A activity of the Group. Buchanan also:

1. Assisted the management in formulating and disseminating key messages into the financial community through news releases, presentations, annual reports and general marketing material;
2. Established a media profile of the Company and its management in the financial markets;
3. Handled a series of Private Client Broker road shows to encourage investment in the Company;
4. Handled all media coverage for the sale of the Company to Spice for £103 million, over twice the value of the market capitalisation of the Company a year earlier.