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According to party analysis of Companies House records, England’s water firms made £1.7 billion in 2022/23 – up 82% since 2018/2019. Water firm profits almost doubled since 2019, Lib Dems ...
Public water supply and sanitation in England and Wales has been characterised by universal access and generally good service quality. In both England and Wales, water companies became privatised in 1989, although Dwr Cymru operates as a not-for-profit organisation. Whilst independent assessments place the cost of water provision in Wales and ...
Water supply and sanitation in the United Kingdom is provided by a number of water and sewerage companies.Twelve companies and organisations provide drainage and sewerage services, each over a wide area, to the whole United Kingdom; and supply water to most customers in their areas of operation.
Thames Water Utilities Ltd, trading as Thames Water, is a British private utility company responsible for the water supply and waste water treatment in most of Greater London, Luton, the Thames Valley, Surrey, Gloucestershire, north Wiltshire, far west Kent, and some other parts of England; like other water companies, it has a monopoly in the regions it serves.
Each company board is typically accountable to shareholders, mostly asset managers, under the Companies Act 2006. While both UK and EU law is clear that water companies, even if privatised, still are public bodies, [22] these companies pursue shareholder profit, only restricted by regulation.
As of 2019, the company has the strongest credit ratings among the England and Wales-based water and sewerage companies Water industry. [9] When it was established as a not-for-profit company, Welsh Water had a gearing level (the ratio of net debt to Regulatory Capital Value) of around 93%. The company has reduced this level to 58% in 2021 ...
Yorkshire Water ranked 11th of 21 water companies in Ofwat's 'Satisfaction by company' survey 2012/13. [ 27 ] in January 2015 the UK Customer Service Index (UKCSI) announced that Yorkshire Water was the leader for service in the Utilities sector, they were also the second most improved organisation in the whole UKCSI, beating competitors such ...
United Utilities Group plc (UU) is the United Kingdom's largest listed water company.It was founded in 1995 as a result of the merger of North West Water and NORWEB. [2] The group manages the regulated water and waste water network in North West England, which includes Cumbria, Greater Manchester, Lancashire, Merseyside, most of Cheshire and a small area of Derbyshire, which have a combined ...