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While it does not sell gas itself, this utility company ensures the supply of about 7.4m UK residents and businesses. Serving Wales and the southwest from Cornwall to the northern Welsh border, Wales &West claims to gain about 24,000 new customers a year. Formerly part of National Grid Transco, the company is now owned by a consortium including Macquarie European Infrastructure Fund and, under chief executive Graham Edwards, posted sales of £309.4m in 2009.

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Company details
CompanyWales & West Utilities
ActivityGas distributor
Sales £m309.4
Operating profit £m55.1
Main shareholdersMacquarie (50%), Canada Pension Plan (20%), AMP Capital (13%), others

If applicable:

* supplied by Company   † annualised figure   ‡  profit = ebitda