Operating margins are close to 40% at Southern Water, which achieved a £24m rise in sales to £455m in 2004, with operating profits of £175m, excluding interest payments of £93m. The Worthing firm, which was bought by Royal Bank of Scotland and Veolia in 2003, is chaired by Bob Thian. It supplies 1m households in southeast England, and treats and recycles dirty water from nearly 2m. The company signed a £750m contract with a consortium to work on an investment programme for upgrading river and tap water.

This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.

Company details
Year2005
Rank75
CompanySouthern Water
ActivityWater services provider
LocationWest Sussex
Sales £m455
Profit £m175
Year endMar 04
Principal shareholdersRoyal Bank of Scotland, Veolia and other institutions
Staff2,095
Founded1989
Websitewww.southernwater.co.uk

If applicable:

* Supplied by company † Annualised figure