Web1 - Following its investigation into our wastewater treatment works compliance reporting, Ofwat imposed a penalty under Section 22A of the Water Industry Act. We provided in full for this proposed regulatory settlement in the financial statements for 2024–19, reducing profit in that year. We are now making rebates to customers, through revenue, over the … WebAug 9, 2024 · London, 09 August 2024. Macquarie Asset Management has today announced it has reached an agreement to acquire a majority stake in Southern Water Services Limited (‘Southern Water’). Southern Water provides essential services to 2.6 million water and 4.7 million wastewater customers across Kent, Sussex, Hampshire, …
Southern Water punished over
Southern Water is the private utility company responsible for the public wastewater collection and treatment in Hampshire, the Isle of Wight, West Sussex, East Sussex and Kent, and for the public water supply and distribution in approximately half of this area. Some areas within the Southern Water region are supplied by a number of smaller water supply companies. Southern Water supplies an area totalling 4,450 sq. km. and serves 2.26 million customers. WebJul 9, 2024 · Southern Water was privatised in 1989. It is ultimately owned by Greensands Holdings Limited, which is owned by a consortium of long-term investors representing … in-dcs.my.salesforce.com
Southern Water - Wikipedia
WebAug 9, 2024 · Southern Water shareholders are diluting their equity stake in the UK utility through the sale of a majority chunk of the business to Macquarie Asset Management. … WebApr 27, 2024 · This is because there are no cross-defaults, change-of-control linkages or debt guarantees in place between Greensands financing companies and Southern Water Financing Group. Group Restructure Considered: Greensands' FY20 annual report states that financial restructuring of the Greensands Group is under consideration by the board … Web60 rows · Apr 9, 2024 · Southern Water is the only operating company in Greensands Holdings. All companies above it rely on dividend payments from the operating company … incendia prepaid cards