Case Study - Red Rock Property Management
"TCD Energy has been instrumental in helping us optimise the utility costs for our new acquisitions. When we took on the management of a new residential block, we knew there were inefficiencies in the existing utility setup, but we didn’t have the expertise to address them effectively. TCD Energy’s team conducted a comprehensive audit and not only reduced our annual costs by 25% and saving the freeholder £28k per annum, but also streamlined our utility management process. Their proactive approach and deep industry knowledge have made them an invaluable partner for us, and we look forward to continuing our collaboration as we expand our portfolio."
Naz
Head of New Business & Onboarding
£28,400
Annual Cost Reduction
20%
Annual Cost Reduction
Area: Account Consolidation and Management
Red Rock Property Management is a prominent property and block management company
Red Rock Property Management is a prominent property and block management company with a focus on acquiring and managing residential blocks. As part of their growth strategy, Red Rock's New Acquisitions Department frequently evaluates newly acquired properties to identify opportunities for operational efficiency and cost savings.
Given the complexities of utility management, Red Rock approached TCD Energy for expert support in streamlining processes and reducing utility costs across their portfolio.
The utility accounts for the block were fragmented and lacked a cohesive management strategy
When Red Rock took on the comprehensive management of a newly acquired residential block, they faced the challenge of optimising utility costs while ensuring seamless operations.
The utility accounts for the block were fragmented and lacked a cohesive management strategy, resulting in higher-than-necessary expenses. Red Rock sought TCD Energy’s expertise to review and audit the existing energy accounts and identify potential savings.
TCD Energy conducted a thorough audit of the utility accounts associated with the newly acquired block
TCD Energy conducted a thorough audit of the utility accounts associated with the newly acquired block.
Reviewing the existing energy contracts, billing history, and usage patterns for the block, TCD Energy identified inefficiencies in the current setup, including fragmented accounts that led to unnecessary administrative costs.
Leveraging their industry knowledge and strong relationships with energy suppliers, TCD Energy negotiated new contracts for the block’s electricity and gas supplies. These new contracts provided more competitive rates and aligned better with the block’s energy consumption profile.
TCD Energy implemented several strategic measures, including consolidating accounts for easier management and securing long-term fixed-rate contracts to protect against market volatility.
The consolidation of utility accounts simplified the management process, reducing administrative burdens and freeing up resources for other critical aspects of property management.
As a result of TCD Energy’s intervention, Red Rock Property Management achieved significant cost savings for their new acquisition.
TCD Energy’s audit and subsequent actions led to a 25% reduction in annual utility costs for the newly acquired block, amounting to a total savings of £28,400.
The consolidation of utility accounts simplified the management process, reducing administrative burdens and freeing up resources for other critical aspects of property management.
By strategically auditing and optimising the utility accounts for Red Rock, TCD Energy not only reduced costs but also enhanced the overall management process.
This case study demonstrates TCD Energy’s ability to deliver substantial cost savings and operational efficiencies for property management firms.
By strategically auditing and optimising the utility accounts for Red Rock Property Management’s newly acquired block, TCD Energy not only reduced costs but also enhanced the overall management process.
Their expertise in utility management has solidified TCD Energy as a trusted partner for Red Rock’s ongoing and future acquisitions.
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