This West Sussex-based company supplies 541m litres of drinking water from 83 treatment plants every day. In 2007, the firm was sold by Royal Bank of Scotland for a reported £4.2bn to Greensands Investments, a consortium of funds led by JP Morgan. Last month, it agreed a £126m penalty with Ofwat, the regulator, made up of a £123m rebate to customers and a £3m fine for “serious failings”. Under chief executive Ian McAulay, 54, sales were £830m in 2018.

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
Year2019
Rank86
CompanySouthern Water
ActivityWater services provider
LocationWest Sussex
Sales £m830
Profit £m496
Year endMar 18
Principal shareholdersJP Morgan (40%), UBS Global (22%), Hermes (21%), others (17%)
Staff2,289
Founded1989
Websitewww.southernwater.co.uk

If applicable:

* Supplied by company † Annualised figure