Institutional owners of Southern Water to absorb £90m fine. Southern California’s water supplies are facing major long-term threats, brought on by climate change, emerging contaminants and evolving ecological needs. Southern Water supplies water and sewerage services to customers across the south of England. North Charleston, SC 29405. “We invested more than … Southern Water provides essential services to 2.6 million water and 4.7 million wastewater customers across Kent, Sussex, Hampshire, and the … Found inside – Page 591st Mtg. .2% Southern California Water Co., 1st Mtg 2% Southern New England Telephone Co- Deb 314 Southwestern Bell Telephone Co. Found insideTable 3.1 shows the ownership structure of the operators, together with their annual revenue, which gives an indication of their size. Table 3.1 Water ... Southern Water Services Limited is an active company incorporated on 1 April 1989 with the registered office located in Worthing, West Sussex. We produce a series of reports throughout the year detailing the financial performance of our company. Southern Water shareholders are taking the hit for a £90m (€105m) fine imposed on the UK utility for illegal discharges of sewage following the Environment Agency’s prosecution, according to the firm’s CEO. ... with shareholders bearing the cost. The Greensands consortium members comprise a mixture of infrastructure investment funds, pension funds and private equity. Found inside – Page 10734An increased offer was recommended Total current assets 778 639 by the board of Southern Water to its shareholders on History : Incorporated on ... The sentence, announced late last week, follows 51 guilty pleas to widespread and long-term breaches of environmental law by … If water privatisation is ended, one group in particular is going to lose out: the water companies’ shareholders. Safe to assume then, that they’ll be at the front of the pushback against such a move. So who are they? And how can they protect their position? Disposals, acquisitions and capital expenditure over a specified threshold, not in the annual budget, Expenditure exceeding a specified percentage of a line item in the annual budget, Entering into, materially changing or surrendering a material contract outside of the business plan, Joint ventures representing more than a specified percentage of Greensands group turnover, Litigation exceeding a specified threshold, Material tax claims, disclaimers, elections or consents. Found inside – Page 110Southern Water (Sussex and Hampshire) is owned by a Jersey-registered consortium ... Ownership of Yorkshire Water is split between various institutional ... Southern Water Services Limited has been running for 31 years. Privacy policy, Macquarie wades back into UK with majority stake in Southern Water, Southern Water failed to alert public on sewage spills in 2020, Surfers Against Sewage report warns of 'open sewers' seas, Raw sewage dumped into English and Welsh beaches '2,900 times this year', England's privatised water firms paid £57bn in dividends since 1991, Southern Water admits to 'sewage escape' from plants, Water companies turn back on pledge to not pay dividends, Water chiefs defy Ofwat with dividend payouts, Southern Water to pay £126m over sewage cover-ups, Southern Water apologises as Sussex homes left without water, Southern Water staff ‘blocked sewage spill probe’, Southern Water staff 'blocked sewage spill probe', Private water suppliers 'can't be trusted' after news staff obstructed sewage probe, Southern Water staff convicted of obstructing sewage probe, Council urged to take water supplies into its own hands, Southern Water protest: Campaigners outside company's Worthing headquarters call for nationalisation, Protesters gather outside Southern Water office in Worthing, Protest planned at Southern Water's Sussex headquarters after record £126m penalty, Southern Water customers protest outside company's headquarters, Protesters to gather outside Southern Water HQ, Residents deserve a voice on water privatisation. Found inside – Page 139The water authorities characterised by different planned and implemented water ... or outside the region (Scottish Power ownership of Southern Water). Southern Water supplies an area totalling 4,450 sq. kms and serves 2.26 million customers. Southern Water is regulated under the Water Industry Act 1991 and since 2007 has been owned by Greensands Holdings Limited, a consortium of investors representing infrastructure investment funds, pension funds and private equity. Found inside – Page 74The southern cluster seems to accord slight importance to disclosure and ... Ownership structure could also be a factor in the willingness to promote water ... Why Southern Water raises finance. Found inside – Page 17The Windhoek Goreangab Operating Company (Pty) Ltd (WINGOC) and its shareholders are associated with the City of Windhoek in reclamation of potable water ... SWSFG pro-forma ratios for March 2021. Southern Water (NR) Limited is an active company incorporated on 16 February 2001 with the registered office located in Edinburgh, City of Edinburgh. Found insideThe 10 water companies were prosecuted a total of 260 times between 1989 and 1997. However, paying the fines was simpler ... For example, Southern Water ... In either late December 2010 or some time before 7 January 2011 Southern Water Services Limited, part of the Southern Water Group, a utility company owed by professional shareholders, discovered that their sewage-pumping station at Margate, which discharged effluent into the sea off the coast of Kent, was faulty and was discharging untreated sewage. Found inside – Page 536Under the provisions of the Mid Southern Water Order, ... in which company shareholders were entitled to 1 share of £1 (credited with 17s.6d. paid) for each ... Professional information. Address. The judge said the fine he imposed should be a deterrent to other companies and hoped it might act to prompt shareholders … It seems the people of Whitstable are paying Southern Water to dump raw sewage into local waters so that the company can make huge profits that enable very rich people to get even richer. 30 July 2021. Southern Water has been fined a record £90 million after bosses admitted deliberately dumping billions of litres of raw sewage illegally thousands of times over a five-year period into the sea. View the latest consolidated Greensands Holdings accounts. These outcomes look to deliver for our customers, the environment and our shareholders. A specific instance is undertakings they have given us to enable us to comply with a condition of our licence (the Instrument of Appointment), overseen by Ofwat. Currently the largest shareholders in Southern Water Services are JP Morgan Asset Management (40%), UBS Asset Management (22%), Hermes Infrastructure Funds (21%), and Whitehelm Capital (8%). Southern Water has not paid dividends for several years to its shareholders, which own their stake through the Jersey-registered Greensands Holdings. Southern Water is regulated under the Water Industry Act 1991 and since 2007 has been owned by Greensands Holdings Limited, a consortium of investors representing infrastructure investment funds, pension funds and private equity. Southern Water Services Limited has pleaded guilty to 51 counts of discharging untreated sewage into controlled coastal waters. 12 August 2021. Found inside – Page 493ScottishPower Southern Water £1.56 bn May 1996 Automatic 19 July 1996: OK subject ... Agreed by shareholders and renamed United Utilities in October 1995. View the Greensands/Southern Water ownership structure. The infrastructure funds are managed by JP Morgan Asset Management, UBS Asset Management and Hermes Investment Management. A GMB investigation showed the nine privatised water company shareholders made more than £6.8 billion in just five years, while 2.4 billion litres of water was wasted through leaks every single day in England. Found inside – Page 27As noted in Chapter 2 , shareholders have little incentive to put pressure on ... of more than one company , not necessarily in the Southern Water region . Summary of the year 2020–21 has been an extraordinary year as the company has continued to deliver throughout the global pandemic. Macquarie said it will invest, on behalf of long-term investors including pension funds and insurance companies, over £1bn (€1.2bn) in “new equity to recapitalise the business and implement a more sustainable financing strategy” for … Found inside – Page 182... a GBP20.3 million (US$30 million) fine on Southern Water (OFWAT, 2007e), ... Shareholders have done extremely well through water privatization and the ... Click to view. All Rights Reserved. It is expected that the reserved matters will only be decided by the Greensands board or shareholders by exception and with knowledge of the decision of the Southern Water Board. 30 July 2021. Found inside – Page 267... and related services Subsidiary Companies: South West Water Services Ltd; ... 50,000 Shareholders funds 334,300 380,500 No of Employees: 5,641 SOUTHERN ... and serves 2.26 million customers. Southern Water is owned by a consortium, which came together in 2007 solely for this purpose. km. Southern Water supplies an area totalling 4,450 sq. Request Quotes. Southern Water faces prosecution by the Environment Agency after Ofwat imposed a record £126m penalty over “shocking” failures at the company’s sewage … Found inside... Water had paid dividends of £157 million to shareholders that year. There was no criminal prosecution. Shortly afterwards, Southern Water was fined £126 ... Found inside – Page 95... share Earnings per share Share capital Shareholders funds No of Employees ... 517039 Principal Shareholders : SAUR Water Services PLC ; Southern Water ... Southern Water is owned by both UK and international investors - mainly pension funds who seek a low risk, reliable return which utility companies around the world generally provide. Found inside... Yorkshire Water and Southern Water (C-279/12) [2014] QB 521, ... was run by an independent board of directors who were answerable to shareholders and ... Southern Water is privately owned (through a series of holding companies) by the single-purpose company Greensands Holding Limited. What we do. Found inside – Page 2... at the Oakhanger WTW . contract from Southern Water for the Yorkshire Water ... “ Shareholders will be either for different able to vote on the Kelda ... Southern Water has been fined a record £90m for deliberately dumping billions of litres of raw sewage into the sea. Found inside – Page 15were set up: the National Rivers Authority to deal with water quality in ... Since 1989, twelve of these companies which were in common ownership have been ... Greensands is in turn owned by a series of investment and infrastructure funds, including UBS Asset Management (UK), JP Morgan Asset Management (US), Whitehelm Capital (Australia) and Hermes Infrastructure Funds (UK), amongst other. Individual shareholders may, I accept, have no direct responsibility for the offending. ### Norfolk Southern contacts: (Media) Jonathan Glass, 757-629-2789 (jonathan.glass@nscorp.com) (Investors) Katie Cook, 757-629-2861 (InvestorRelations@nscorp.com) Southern Water’s network needs to be more sustainable and resilient, and its expect. Our published statutory or regulatory reports can be found on our main Reports page. Southern Water's CEO  Ian McAuley received £1066,000 in pay and other remuneration in 2018. Found inside – Page 8Minority shareholders in a southern utility contested the company's decision ... Southern Water, Southern Power: How the Politics of Cheap Energy and Water ... Found inside – Page 286... share capital 99,900 101,500 Shareholders funds 294,300 252,800 *including property profits No of Employees: 30,136 SOUTHERN WATER PLC Southern House, ... 1. Average rating. Southern's shareholders took home £622 million in profit between 2013 and 2017. In June 2019, Southern Water was forced to pay a £126 million fine for letting sewage pollute the environment and deliberately misreporting its performance. Southern Water is owned by a consortium, which came together in 2007 solely for this purpose. New finance is also required to repay loans taken out in previous years. 2021. Southern Water has been fined a record £90million for illegally dumping raw sewage into the sea. Simply not acceptable – Southern Water should cut down on payments to shareholders to pay for cleanups and compensation for the nuisance, not add it to our water … Gary Carter, GMB National Officer, said: “Southern Water has failed, and regulation of the water sector is weak and just not working. Thames Water said its shareholders were in it for the long term and had not taken a dividend payment for three years. There are currently 11 active directors and 1 active secretary according to the latest confirmation statement submitted on 1st April 2020. Found inside – Page 307Ownership of a water right grants the owner the right to divert water, ... Notable examples of irrigation districts include southern California's Imperial ... Annual reporting. Resources. The consortium members are shareholders in Greensands Holdings Limited, the top holding company. Found inside – Page 95... 328 676 Principal Shareholders: SAUR Water Services PLC; Southern Water PLC No of Employees: 192 EASTERN COUNTIES NEWSPAPERS GROUP LTD Prospect House, ... Found inside – Page 84How the Politics of Cheap Energy and Water Scarcity Shaped a Region ... Given these complicated relationships between private utilities, their shareholders, ... Found inside – Page 288For example Southern Water has 96.4 % of its shareholders owning less than 1,000 shares each but comprising only 14.2 % of its total share ownership while ... Company number 2366670 - Registered in England and Wales. Greensands is in turn owned by a series of investment and infrastructure funds, including UBS Asset Management (UK), JP Morgan Asset Management (US), Whitehelm Capital (Australia) and Hermes Infrastructure Funds (UK), amongst other. Found inside – Page 99Permanent trade in water between shareholders is also relatively modest. ... the Southern Riverina Irrigation District Council, the exchange has developed ... Appointment of the Chairman, the Chief Executive Officer, the Chief Financial Officer and auditor. Southern Water provides essential services to 2.6 million water and 4.7 million wastewater customers across Kent, Sussex, Hampshire, and the Isle of Wight. Southern's shareholders took home £622 million in profit between 2013 and 2017. Found inside – Page 48Twin Lakes Project shareholders include Colorado Springs , City of Aurora , Pueblo Board of Water Works , Pueblo West Metropolitan District , augmentation ... Found inside – Page 115... Thus in the Southern Water distribution system measures . ... Power and Manweb home areas value to shareholders and to allow the Southern Water has 388 ... Investor Report and Compliance Certificate. Found inside – Page 198... 26.00p 27.10p Share capital 24,022 24,052 Shareholders funds 49,201 52,300 Mo of Employees: 383 MID SOUTHERN WATER COMPANY Frimley Green, Camberley, ... Copyright © 2021 Southern Water. Matters which may be referred are essentially those that could have a material impact on the Greensands group – for example: Were either the board or shareholders of Greensands Holdings to take a decision on a reserved matter, this would be disclosed in our Annual Report. Australian infrastructure bank Macquarie has taken a majority stake in Southern Water for over £1bn, just weeks after the UK water company was fined a record £90m for deliberately dumping billions of litres of raw sewage in rivers and the sea. Macquarie Asset Management has today announced it has reached an agreement to acquire a majority stake in Southern Water Services Limited (‘Southern Water’). Found inside – Page 192... 1,951 Shareholders funds 10,480 12,729 Principal Shareholders: Prudential ... No of Employees: 430 MID SOUTHERN WATER COMPANY Frimley Green, Camberley, ... Siblings Matt and Ted grew up in Charleston, South Carolina. Found inside – Page 335Protection of the surface and ground water quality is an important ... Ofwat (2007) indicate that metered customers in Thames Water and Southern Water pay ... There are currently 2 active directors and 1 active secretary according to the latest confirmation statement submitted on 16th February 2021. We Own It is a not-for-profit company limited by guarantee, registered in England and Wales (company number 8239094). Found inside – Page 22... Npower ( 12.08 ) 271.0 38.3 28.3 % Southern Water Services ( 3.09 ) 149.4 ... to have good news for its shareholders , but bad news for its workers . Found inside – Page 152R v Southern Water Services Ltd [2014] EWCA Crim 120 Southern Water Services ... financial resources which was largely owned by professional shareholders. Southern Water Services (Finance) Limited - Annual Report and Financial Statements. Phone Number. Water Damage Restoration Water Heater Installation Well Drilling Window Installation Window Repair Window Replacement. Copyright © 2021 Southern Water. Found inside – Page 79Where senior managers have failed, shareholders have acted to replace them. ... Southern Water's original plan for a number of sewerage treatment works ... Found inside – Page 390... 33n Shareholders, managers' relation to, 27-28 Southern Water case, 343 South West Water, 348 Spot market in electricity supply, 288, 289 in electricity ... Found inside – Page 248... 305,000 "pro forma basis Principal Shareholders: Welsh Water Plc (14.9%); ... 61,500 Shareholders funds 384,200 425,300 Mo of Employees: 5,553 SOUTHERN ... Southern Water shareholders are diluting their fairness stake within the UK utility by the sale of a majority chunk of the enterprise to Macquarie Asset Administration. All Rights Reserved. 2120 Noisette Blvd Ste 120 . Found inside – Page 7... PRINCIPAL ACTIVITIES : Provision of water supply and wastewater services in ... 43,400 44,800 Share capital 100 100 Shareholders ' equity 06042 SOUTHERN ... Found inside – Page 219Southern Water is a public company and therefore its shares are sold on the ... between the interests of the consumers and the needs of the shareholders. Found inside – Page 221... of the water authorities, containing a detailed review of the businesses. ... Water Lloyds Merchant Bank Severn Trent Water Rothschilds Southern Water ... Found inside – Page 198For example Southern Water has 96.4 per cent of its shareholders owning less than 1,000 shares each but comprising only 14.2 per cent of its total share ... Found insideAs shareholders of SWW and Southern Water, SAS made highly awkward contributions to the AGMs of these companies. It also loved to embarrass politicians. It ... Cheung Kong Infrastructure and The Li Ka Shing Foundation are direct investors. The Greensands consortium members and the Greensands companies entered into a shareholders’ agreement in 2007 which reserves certain matters by exception to the board and shareholders of Greensands Holdings. Southern Water is not a party to the Greensands shareholders’ agreement, but the Southern Water Board is of course mindful of the interests of its shareholders. In 1989 the ten publicly owned water and sewerage authorities were privatised. This was achieved by transferring the water supply and sewerage assets, and the relevant staff, of the Southern Water Authority into the limited company Southern Water Services Ltd.

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