gearing

Ofwat concerned about finances of SES, Southern and Yorkshire

Ofwat has taken steps to restore public trust in the sector with revised licences to reflect expectations of transparency and financial resilience. However its report into resilience in the first year of AMP7 found several companies are lagging behind expectations as it expressed concerns over the finances of SES, Southern and Yorkshire.

01/12/2021

News

Anthony Ferrar to retire as managing director of SES Water

SES Water’s managing director, Anthony Ferrar, will retire this autumn after 11 years of service with the company.

14/05/2019

News

SES Water ‘significantly lowers’ gearing level

SES Water said it has “significantly lowered” its gearing from 77 per cent to below 60 per cent as it published its first ever “customer-friendly” guide which explains how the company its owned, run and financed.

04/12/2018

News

Southern Water increases investment to £4bn for PR19

Southern Water proposes to increase investment to £4 billion between 2020 to 2025 up from £3.2 billion for the current five-year price control period, the company revealed in its PR19 business plan.

04/09/2018

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