Mr McCarthy brings broad experience across the construction and utility sectors, including recent experience as a small business owner in the utilities sector and nine years as finance and commercial manager at Energetics.

As associate finance director, he will focus on working with the management team and investors in planning for future expansion.

Mr McCarthy said: “I’m delighted to join Phoenix Utilities as associate finance director and look forward to contributing to the business and, most importantly, helping the Board’s growth plans for the future.”

Kenny Nicol, CEO at Phoenix Utilities, added: “Gerry will be the credible sounding board our business needs to take it to the next level and our business model ensures that our finance function is effective and efficient.

“Gerry will assist the Board in implementing plans to enhance profit margins, provide strategic support and assist with taking Phoenix to the next level.”