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Southern Water: owners, rescue and enforcement record

Southern Water Services Limited: participants and roles

Owners, controllers, holding and finance companies, directors, contractors, regulators and prosecutors connected with Southern Water Services Limited, with the period and source of each role.

published
24 oct 2026
records as of
17 oct 2026
entities
263
sources
134
cite entities.csv
DirectorMember of Asterion's Industrial Advisory Board, according to Asterion's websiteDirectorDirectorDirectorDirectorDirectorDirectorDirectorDirectorJoint administrator (insolvency practitioner, FRP Advisory)48.40% shareholder; the CNMV register lists the holder as "Androvandi de Inversiones y Servicios S.L."DirectorCorporate company secretary; its London office became the registered office of the company on 22 December 2025Co-investor: funds managed by AMF Pensionförsäkring AB hold an 11.45% interestManaging director (gérant) listed by a business-registry aggregatorDirectorDirectorHolding company of Southern Water plc, the group to which Southern Water Services Limited belongedManagement company with effective control over the fund, without owning itInvestor with a right, under a shareholders' agreement, to nominate non-executive directors to Southern Water's board; Sandstone Water Holdings is the last UK holding company through which funds are investedManager of the fund that took a 20% minority shareholding in the Southern Water group (+2)Legal holder of the 20% minority investment in the groupDirectorDirectorDirectorDirectorDirector (no resignation date shown; the company is listed as dissolved)DirectorNew lender under the MidCo facility after buying the original lender's interest; supported the MidCo schemeDirectorDirectorDirectorDirectorDirectorDirectorSenior Managing DirectorDirectorDirectorDirectorDirectorDirectorDirectorDirectorDirectorInvestor of £300 million for a 27% equity interest in the consortium that bought Southern Water Capital, according to a press reportDirectorDirectorDirector (+1)DirectorDirectorDirectorDirectorDirectorDirectorDirectorDirectorDirectorDirectorDirectorDirectorDirectorIndependent non-executive director; Audit Committee chair and senior independent director (2025-26 annual report)Non-executive directorNon-executive director (past according to the 2025-26 annual report; current according to the company website)DirectorDirectorDirectorDirectorDirectorDirectorOperating partnerDirectorDirectorNon-executive director nominated by the investor (not independent)DirectorDirectorRegistrable controller: 75% or more of the shares and voting rights and the right to appoint or remove directorsDirectorDirectorSenior independent directorChair of the joint venture building the central section of HS2Chief executiveDirector; independent non-executive director and Chair Designate from 6 May 2026; Chair from 16 July 2026Chief executiveDirectorDirectorDirectorIndependent non-executive director; Remuneration Committee chairAuditorStatutory auditorAuditor (re-election registered on 1 October 2024)DirectorSecurity trustee for the secured creditors under the 2003 security agreement (fixed and floating charges) and security trust and intercreditor deed, and holder of a 2022 fixed chargeProsecutor: charged with conspiracy to defraud the Environment Agency and Ofwat (alleged 2012-2017); he denies wrongdoing; case sent to Maidstone Crown CourtProsecutor of the Margate discharge case: guilty plea on 2 July 2013; £200,000 fine on 23 August 2013; appeal dismissed on 23 January 2014 (+10)DirectorBuyer of the entire share capital of Aspen 4 Limited (consideration of £2.05 billion before expenses, including debt)Buyer of the Southern Water business from ScottishPower; a company formed for the acquisitionDirectorDirectorNon-executive director nominated by the investorFirm of the joint administrators appointed to the companyDirectorDirectorDirectorDirectorDirectorDirectorDirectorDirectorDirectorDirectorDirectorDirectorDirectorDirectorDirectorDirectorDirectorDirectorDirectorDirectorDirectorDirectorDirectorDirector and Chief Executive OfficerDirectorDirectorSole shareholder (100% of 2,000,000 ordinary shares)Issuer of shareholder Eurobonds held by Phildrew Nominees Ltd for a UBS fund (£49.6 million at 31 March 2021)Registrable controller: 75% or more of the shares and voting rights and the right to appoint or remove directorsRegistrable controller: 75% or more of the shares and voting rightsMidCo scheme company whose scheme restated the facility under which Greensands Finance Limited is the borrowerSole shareholder (100% of the share capital)Indirect parent (Greensands Investments is a subsidiary of Greensands Europe Limited)Ultimate parent after Greensands Investments Limited acquired Southern Water Capital LimitedUltimate parent company of Southern Water through intermediate holding companiesFormer registrable controller: 75% or more of the shares and voting rights and the right to appoint or remove directorsRegistrable controller: 75% or more of the shares and voting rights and the right to appoint or remove directorsFormer registrable controller: 75% or more of the shares and voting rights and the right to appoint or remove directorsRegistrable controller: 75% or more of the shares and voting rights and the right to appoint or remove directorsParent of the only group that consolidates SW (Finance) I PLCTop company of the group and indirect parent of Southern Water; parent of the only group consolidating its accountsRegistrable controller: 75% or more of the shares and voting rights and the right to appoint or remove directorsFormer registrable controller: 75% or more of the shares and voting rights and the right to appoint or remove directorsSeller, while in administration, of Greensands Junior Finance Limited and Southern Water (Greensands) Financing plc for £1 each in a pre-packaged saleIntermediate parent company of Southern Water (+1)DirectorCompany secretaryManaging director (gérant) listed by a business-registry aggregatorManaging director (gérant) listed by a business-registry aggregatorDirectorDirectorDirectorManager of Hermes Infrastructure funds holding shares in Greensands Holdings (8% in September 2021; part of a minority of about 13% at 31 March 2025); its funds appointed one director in 2020-21Investor with 4% in the 2007 consortium (named "Hermes Pension Management" in a press report)DirectorCompany secretaryManaging director (gérant) listed by a business-registry aggregatorDirectorBankers to the companyDirectorDirectorDirector (no resignation date shown; the company is listed as dissolved)DirectorDirectorDirectorDirectorDirectorNon-executive director nominated by the investorDirectorShareholder; a constituent entity of the Infrastructure Investments Fund advised by J.P. Morgan Asset ManagementManager of funds holding 15% of the group (September 2021); a fund it managed appointed three of the five directors of Greensands Holdings in 2020-21Adviser of the Infrastructure Investments Fund, of which IIF Int'l SW UK ParentCo Ltd is a constituent entityAdviser of a fund that was to invest 32% in the 2007 consortium (JPMorgan Asset Management's infrastructure investment group), according to a press reportManaging director (gérant) listed by a business-registry aggregatorDirectorDirectorDirectorDirectorDirectorIndependent non-executive directorDirectorDirectorDirectorDirector; chief executive and, before that, chief financial officer (company biography)DirectorDirectorDirectorDirectorDirectorDirectorDirectorDirectorDirectorDirector and Chief Financial OfficerDirectorDirectorDirector; chaired the four SWS Scheme class meetings on 30 September 2025DirectorDirectorDirectorDirector (senior independent director)DirectorDirector; non-executive Chair until 16 July 2026Director (managing director according to a press report)Director (+1)DirectorDirectorDirectorDirectorDirectorUltimate controlling party through MSCIF Wight Bidco Limited, the majority shareholderEstablished the company; funds it manages own the majority of itManager of the funds that are the majority investors in the group; they invested over £1.6 billion in 2021-2023 and £900 million in 2025-26Registrable controller: 75% or more of the shares and voting rights and the right to appoint or remove directorsUltimate Controller under the licence; manager responsible for managing MSCIF's investmentDirector (+1)DirectorDirector and company secretaryCompany secretary (General Counsel and Company Secretary)DirectorDirectorDirectorDirectorDirectorDirectorDirectorIndependent non-executive director; chair of the Health and Safety and Operational Risk CommitteeDirectorDirectorDirectorDirectorDirectorDirectorDirectorDirectorDirectorDirectorDirectorDirectorFormer registrable controller: 75% or more of the shares and voting rights and the right to appoint or remove directorsListed among the controlled bodies corporate of Macquarie Group Limited in its Form 605 noticeListed among the controlled bodies corporate of Macquarie Group Limited in its Form 605 noticeListed among the controlled bodies corporate of Macquarie Group Limited in its Form 605 noticeControlling undertaking, according to the European Commission noticeControlling undertaking before the transaction; acquiring joint control with Asterion in EU merger case M.12488DirectorRegistrable relevant legal entity with significant influence or control, without a shareholdingRegistrable relevant legal entity with significant influence or controlRegistrable relevant legal entity with significant influence or control, without a shareholdingRegistrable relevant legal entity with significant influence or control, without a shareholdingRegistrable relevant legal entity with significant influence or control, without a shareholdingDirector (consejero); described by Asterion as a founding partnerDirector (consejero)Sole member (socio único) at incorporation (+1)Sole administrator (administrador único)Director (consejero)DirectorDirectorDirectorDirectorDirectorCo-investor: 6.97% interestIndirect majority owner of the group: Ofwat's ownership table gives MSCIF 62%Ultimate Controller under the licence (acting by its general partner); entity with legal control over Greensands and therefore Southern WaterRetained full control after selling part of its indirect shareholding to co-investorsGeneral partnerIdentified with MSCIF as Ultimate Controller under the licence, MSCIF acting by this general partnerShareholder at registration, according to a business-registry aggregatorIndirect owner of 100% of Sandstone Bidco Limited, according to the July 2025 prospectus supplement (+1)DirectorCompany secretaryDirectorEconomic regulator of the company's licence: price controls, financial resilience monitoring, change-of-control reviews and the performance-related pay rule (+2)Director (consejero)Sole administrator (administrador único)Chairman (presidente), director and consejero delegado (managing director); described by Asterion as founding partner and CEOJoint administrator (administrador solidario)Director and chairman (consejero, presidente)Director (consejero)DirectorManaging director (gérant) listed by a business-registry aggregatorFormer managing director (gérant) listed by a business-registry aggregatorDirectorDirectorDirectorDirectorDirectorDirectorHead of Macquarie Asset Management's utilities team (described as Utilities and Networks, EMEA, or European Utilities); with Macquarie since 2007DirectorDirectorManaging director (gérant) listed by a business-registry aggregatorDirectorFormer managing director (gérant) listed by a business-registry aggregatorDirectorDirectorDirectorNon-executive director nominated by the investor (not independent); receives no fees from the companyDirectorDirectorDirectorDirectorDirectorDirectorDirectorDirectorOwner of Southern Water Capital Limited, then Southern Water's ultimate parent, until it sold it to the Greensands group (+1)Controlling shareholder: about 49% of the company and nearly 94% of the voting rights, according to a press reportGeneral Counsel (former)General Counsel (former)Director and company secretaryCompany secretary (General Counsel and Company Secretary)Co-investor as trustee for the Retail Employees Superannuation Trust: 13.28% interestManaging director (gérant) listed by a business-registry aggregatorManaging director (gérant) listed by a business-registry aggregatorManaging director (gérant) listed by a business-registry aggregatorManaging director (gérant) listed by a business-registry aggregatorDirectorJoint administrator (insolvency practitioner, FRP Advisory)Registrable controller: 75% or more of the shares (no voting or appointment rights listed)Ultimate indirect UK holding companyUltimate indirect UK holding company of Southern Water (through Greensands Junior Finance Limited) (+1)Shareholder, as read from an aggregator: a registry publication of 10 April 2026 concerns its shareholding in MSCIF Sandstone Ventures and an earlier link between them was labelled 62.2%; direction and current size not confirmedRegistrable controller: 75% or more of the shares and voting rights and the right to appoint or remove directorsIncorporated the companyHolder of all 81,376 ordinary sharesUndertaking concerned on the Macquarie side in EU merger case M.12488Registrable controller: 75% or more of the shares and voting rights and the right to appoint or remove directorsUltimate Controller under the licence; last UK holding company through which funds are invested in Southern WaterManaging director (gérant) listed by a business-registry aggregatorManaging director (gérant) listed by a business-registry aggregatorManaging director (gérant) listed by a business-registry aggregatorSeller of the entire share capital of Aspen 4 Limited, the holding company of Southern Water plc, to First Aqua LimitedOwner of the Southern Water group through Southern Water plc23.30% shareholder (CNMV register of holdings of 5% or more)Sole member (socio único) at incorporationDirectorDirectorDirectorDirectorDirectorCompany secretaryDirectorRegistrable controller: 75% or more of the shares and voting rights and the right to appoint or remove directorsFormer holding company of the Southern Water group (established in the 2002 sale; ultimate parent until 2007); holds preference shares in Southern Water ServicesLender of the proceeds of its bonds and other debt to Southern Water Services on the same terms (£6,941.0 million at 31 March 2026)Lender of two index-linked 'Artesian' loans (£473.5 million and £421.9 million at 31 March 2026)Party, with Southern Water Services, to the guarantee and security agreement securing SW (Finance) I PLC's borrowingsRegistrable controller: 75% or more of the shares and voting rights and the right to appoint or remove directorsRegistrable controller: 75% or more of the shares and voting rights and the right to appoint or remove directorsRegistrable controller: 75% or more of the shares and voting rights and the right to appoint or remove directorsDirectorDirectorDirectorDirectorContracting entity: awarded contracts in lot 1 (Asset Management Support Services, £80,000,000) and lot 2 (PMO and Project Management, £64,000,000) of its AMP8 Professional Services FrameworkContracting entity: awarded a contract in lot 1 (Asset Management Support Services, £80,000,000) of its AMP8 Professional Services FrameworkContracting entity: awarded a contract in lot 3 (Technical & Engineering Support Services, £96,000,000) of its AMP8 Professional Services Framework to Binnies UK Limited and WSP UK Limited as a groupCustomer under a contract with Capita in its retail household business, which it planned to make more efficient through process improvementContracting entity: awarded contract no. 1 (lots 1 and 2) of its AMP8 Capital Strategic Delivery Partners framework to Costain Limited and MWH Treatment Limited as a group (£1,881,833,333.33 excluding VAT)Contracting entity: awarded contract no. 3 (lot 2) of its AMP8 Capital Strategic Delivery Partners framework (£907,333,333.33 excluding VAT)Contracting entity: awarded contract no. 2 (lots 1 and 2) of its AMP8 Capital Strategic Delivery Partners framework (£1,881,833,333.33 excluding VAT)Contracting entity: awarded a contract in lot 2 (PMO and Project Management, £64,000,000) of its AMP8 Professional Services FrameworkContracting entity: awarded contract no. 4 (lot 3) of its AMP8 Capital Strategic Delivery Partners framework (£1,524,000,000 excluding VAT)Contracting entity: awarded contracts in lot 1 (Asset Management Support Services, £80,000,000) and lot 3 (Technical & Engineering Support Services, £96,000,000) of its AMP8 Professional Services FrameworkContracting entity: awarded contract no. 1 (lots 1 and 2) of its AMP8 Capital Strategic Delivery Partners framework to MWH Treatment Limited and Costain Limited as a group (£1,881,833,333.33 excluding VAT)Buyer under a bulk-supply contract: Portsmouth Water is to supply 21 million litres of water a day once the Havant Thicket Reservoir is built (fixed payments of £2,575.0 million over the term)Contracting entity: awarded a contract in lot 3 (Technical & Engineering Support Services, £96,000,000) of its AMP8 Professional Services FrameworkPayer of £17.5 million to the preference-share holder (partial redemption of £5.3 million and £12.3 million of accrued preference interest)Immediate parent company. Registrable controller: 75% or more of the shares and voting rights and the right to appoint or remove directors (+1)Parent company. Registrable controller: 75% or more of the shares and voting rights and the right to appoint or remove directorsSecurity provider, under a group security agreement over its property (to the extent permitted by the Water Industry Act 1991 and its licence), for the facilities of Southern Water (Greensands) Financing plcContracting entity: awarded a contract in lot 2 (PMO and Project Management, £64,000,000) of its AMP8 Professional Services FrameworkContracting entity: awarded a contract in lot 3 (Technical & Engineering Support Services, £96,000,000) of its AMP8 Professional Services Framework to WSP UK Limited and Binnies UK Limited as a groupRegistrable controller: 75% or more of the shares and voting rights and the right to appoint or remove directorsRegistrable controller: 75% or more of the shares and voting rights and the right to appoint or remove directorsParty to the guarantee and security agreement securing SW (Finance) I PLC's borrowings; lenders to the financing group are secured by a charge over its share capitalScheme companies of two interdependent schemes of arrangement sanctioned on 9 October 2025 ([2025] EWHC 2690 (Ch))Immediate parent company. Registrable controller: 75% or more of the shares and voting rights and the right to appoint or remove directors (+1)DirectorDirectorDirectorDirectorDirectorAdviser or manager of shareholdings in Greensands Holdings (8% in September 2021; part of a minority of about 13% at 31 March 2025); its funds appointed one director in 2020-21Investor with 18% in the 2007 consortium (named "UBS" in a press report)DirectorDirector (entry held under a separate Companies House officer record) (+1)DirectorRegistered offices at the same Madrid address (C/ Príncipe de Vergara 33) after moves registered on 15 October 202523.30% shareholder (CNMV register of holdings of 5% or more)DirectorManager of a shareholding held for the Motor Trades Association of Australia and Prime superannuation fundsMajority shareholder: acquired 62.24% on 8 September 2021 for Macquarie-managed fundsIndirect majority owner as majority shareholder of Greensands Holdings, then Southern Water's ultimate parentRegistrable controller: 75% or more of the shares and voting rights and the right to appoint or remove directorsDirectorDirector (consejero); described by Asterion as a founding partnerDirector (consejero)Director (consejero)Sole member (socio único) at incorporation (+1)DirectorDirectorDeloitte AuditoresSLDeloitte Auditores SLAldrovandi deInversiones yServicios S.L.Aldrovandi de Inversiones y Servicios S.L.Greensands SeniorFinance LimitedGreensands Senior Finance LimitedHSBC Bank PlcHSBC Bank PlcFRP AdvisoryTrading LimitedFRP Advisory Trading LimitedAsterionIndustrial InfraFund III, FCRAsterion Industrial Infra Fund III, FCRAsterionIndustrialPartners SGEIC,S.A.Asterion Industrial Partners SGEIC, S.A.SelfinaInversiones, S.L.Selfina Inversiones, S.L.Guido MitraniGuido MitraniCatherine IsabelleHarberCatherine Isabelle HarberViktor SchuhViktor SchuhTrident Bidco SLTrident Bidco SLWarringtonInvestments, S.L.Warrington Investments, S.L.Winnie WutteWinnie WutteCentaurus Bidco SLCentaurus Bidco SLMarques Bidco SLMarques Bidco SLCindyrellaAmistadiCindyrella AmistadiPhilip HoganPhilip HoganBank of AmericaEurope DesignatedActivity CompanyBank of America Europe Designated Activity CompanyCzech Grid HoldingCzech Grid HoldingGreensandsInvestmentsLimitedGreensands Investments LimitedPhildrew NomineesLimitedPhildrew Nominees LimitedAnthony JohnWrightAnthony John WrightGreensands EuropeLimitedGreensands Europe LimitedAlan James FortAlan James FortTerraluce RealEstate SLTerraluce Real Estate SLMacquarie AssetManagement UKHoldings No.1LimitedMacquarie Asset Management UK Holdings No.1 LimitedMSCIF SandstoneVentures S.à r.l.MSCIF Sandstone Ventures S.à r.l.MSCIF SandstoneHoldings S.à r.l.MSCIF Sandstone Holdings S.à r.l.MSCIF Luxembourg CHoldings S.à r.l.MSCIF Luxembourg C Holdings S.à r.l.Macquarie GroupLimitedMacquarie Group LimitedMSCIF LuxembourgGP S.à r.l.MSCIF Luxembourg GP S.à r.l.Charles G. H.RoemersCharles G. H. RoemersMacquarie AssetManagement EuropeS.à r.l.Macquarie Asset Management Europe S.à r.l.Mark RolandPhillipsMark Roland PhillipsJohn William LeeJohn William LeeGreensands FinanceHoldings LimitedGreensands Finance Holdings LimitedGreensands FinanceLimitedGreensands Finance LimitedNeil Robert VintCorrigallNeil Robert Vint CorrigallPaul John MoyPaul John MoySouthern Water(NR) HoldingsLimitedSouthern Water (NR) Holdings LimitedMacquarie AssetManagementMacquarie Asset ManagementWilliam DavidGeorge PriceWilliam David George PriceMSCIF Wight BidcoLimitedMSCIF Wight Bidco LimitedMacquarieInfrastructure andReal Assets(Europe) LimitedMacquarie Infrastructure and Real Assets (Europe) LimitedMartin BradleyMartin BradleyMSCIF Wight MidcoLimitedMSCIF Wight Midco LimitedCadent Gas LimitedCadent Gas LimitedMark WilliamMathiesonMark William MathiesonMIRA Core GasLimitedMIRA Core Gas LimitedNational GasTransmission PlcNational Gas Transmission PlcMacquarie GroupHoldings (UK) No.2LimitedMacquarie Group Holdings (UK) No.2 LimitedEP InfrastructureEP InfrastructureSouthern WaterExecutive PensionScheme TrusteesLimitedSouthern Water Executive Pension Scheme Trustees LimitedRett UKRett UKGreensandsFinancing PlcGreensands Financing PlcSouthern WaterCapital LimitedSouthern Water Capital LimitedAndrew EmersonGilbertAndrew Emerson GilbertGreensands JuniorFinance LimitedGreensands Junior Finance LimitedGreensands (UK)LimitedA12Greensands (UK) LimitedA12: In administration from 4 July 2025, with a pre-packaged sale of its subsidiaries; administration ended in February 2026Lawrence KarlGosdenLawrence Karl GosdenGreensandsHoldings LimitedA13Greensands Holdings LimitedA13: Rescue share issue of about £1.3 billion found no takers (April 2025); the group passed to a new owner in July 2025Southern WaterLimitedSouthern Water LimitedSandstone WaterHoldings LimitedSandstone Water Holdings LimitedSouthern Water(NR) LimitedSouthern Water (NR) LimitedRichard GreenleafRichard GreenleafMacquarie SuperCoreInfrastructureFund SCSpMacquarie Super Core Infrastructure Fund SCSpPooja Hitesh ShahPooja Hitesh ShahAlter Domus (UK)LimitedAlter Domus (UK) LimitedSouthern WaterIndustries LimitedSouthern Water Industries LimitedSusana DuranteTeixeira GomesLeith-SmithSusana Durante Teixeira Gomes Leith-SmithRetail EmployeesSuperannuation PtyLimitedRetail Employees Superannuation Pty LimitedStuart Neil LedgerStuart Neil LedgerSouthern WaterInvestmentsLimitedSouthern Water Investments LimitedGeoffrey PaulRowleyGeoffrey Paul RowleyRichard DenleyJohn ManningRichard Denley John ManningSW (Finance) I PLCSW (Finance) I PLCNadim AhmadNadim AhmadSandstone BidcoLimitedSandstone Bidco LimitedSouthern Water(Greensands)Financing plcSouthern Water (Greensands) Financing plcSandstone MidcoLimitedSandstone Midco LimitedQuadgas FinancePlcQuadgas Finance PlcStephen GlynnHurrellStephen Glynn HurrellCamell LimitedCamell LimitedWhitehelm CapitalWhitehelm CapitalNGET/SPT UpgradesLimitedNGET/SPT Upgrades LimitedCadent Finance PlcCadent Finance PlcAMFPensionförsäkringABAMF Pensionförsäkring ABWight Ventures S.àr.l.Wight Ventures S.à r.l.MR ErgoMR ErgoSouthern WaterServices GroupLimitedSouthern Water Services Group LimitedIan James McAulayIan James McAulayWater UKWater UKDeloitte LLPDeloitte LLPSW (Finance) IILimitedSW (Finance) II LimitedClyde Moray LtdClyde Moray LtdColin William HoodColin William HoodJP Morgan AssetManagementJP Morgan Asset ManagementIIF Int'l SW UKParentCo LtdIIF Int'l SW UK ParentCo LtdHermesInfrastructureHermes InfrastructureSteven RichardFraserSteven Richard FraserFirst Aqua LimitedFirst Aqua LimitedAspen 4 LimitedAspen 4 LimitedPacific (BC) TopcoLimitedPacific (BC) Topco LimitedTD Bidco LimitedTD Bidco LimitedMK Holdco LimitedMK Holdco LimitedScorpionProperties LtdScorpion Properties LtdMorhomes PlcMorhomes PlcSWS Group HoldingsLimitedSWS Group Holdings LimitedSWS HoldingsLimitedSWS Holdings LimitedOrsted (UK)LimitedOrsted (UK) LimitedMatthew ReginaldWrightA11Matthew Reginald WrightA11: Charged in 2026 with conspiracy to defraud over flow-monitoring tests; denies wrongdoing; case sent to Maidstone Crown CourtOve Arup &Partners LimitedOve Arup & Partners LimitedFrancis NeilMidmerFrancis Neil MidmerEnvironment AgencyEnvironment AgencyUBS AssetManagementUBS Asset ManagementWendy JacquelineBarnesWendy Jacqueline BarnesStantec UK LimitedStantec UK LimitedMichael JohnKinskiMichael John KinskiIan RaymondFrancisIan Raymond FrancisScottish Power plcScottish Power plcMary KatherineFullerMary Katherine FullerMidsummer PlaceLimitedMidsummer Place LimitedCyril Roger LacanCyril Roger LacanACT(Administration)LimitedACT (Administration) LimitedGrove CourtProperties(Beaconsfield)LimitedGrove Court Properties (Beaconsfield) LimitedJesús OlmosClavijoJesús Olmos ClavijoKohlberg KravisRoberts (España)Asesores SLKohlberg Kravis Roberts (España) Asesores SLKier IntegratedServices LimitedKier Integrated Services LimitedGraham John HeyesGraham John HeyesRaymond FrancisThomas CollettRaymond Francis Thomas CollettThe Royal Bank ofScotland PLCThe Royal Bank of Scotland PLCSouthern WaterServices LimitedA1 · A2 · A3 · A4 · A5 · A6 · A7 · A8 · A9 · A10Southern Water Services LimitedA1: Convicted in Environment Agency pollution prosecutions, 2013-2026 (fines include £90 million in 2021 and £7.1 million in 2026) · A2: Prosecuted from July 2026 over alleged manipulation of wastewater flow-monitoring tests (2013-2017 conduct); pending · A3: Further Environment Agency prosecutions pending at the cutoff (River Test guilty pleas awaiting sentence; other Kent and Hampshire cases) · A4: Drinking Water Inspectorate prosecutions (guilty pleas in 2017, 2018 and 2022) and a 2023 caution · A5: Ofwat enforcement decision of October 2019: £126 million penalty and rebate package and formal undertakings · A6: Enforceable undertakings accepted by Ofwat in February 2026 for wastewater treatment breaches; no financial penalty · A7: Triggered Ofwat's prohibition of directors' performance-related pay for 2024/25 and 2025/26 · A8: Environment Agency investigation of the October 2025 bio-bead release at Eastbourne; active, no charge recorded · A9: Going-concern material uncertainty in the 2024-25 accounts and 2025 interim report; not repeated in 2025-26 after new equity · A10: Press report (July 2026) of errors in the 2025-26 annual report, which the company accepted and correctedOfwatOfwatDeutsche TrusteeCompany LimitedDeutsche Trustee Company LimitedGraham DudleyNicholsonGraham Dudley NicholsonJohn James O'BrienJohn James O'BrienAndrew JohnTruscottAndrew John TruscottEric JohnHutchinsonEric John HutchinsonSteven MarshallSteven MarshallLeslie WilliamDawsonLeslie William DawsonSimon MichaelPeter MacDonaghSimon Michael Peter MacDonaghMalcolm CharlesCooperMalcolm Charles CooperMorgan SindallGroup PlcMorgan Sindall Group PlcDemeter Bidco SLDemeter Bidco SLPennon Group PlcPennon Group PlcDavid WilliamAlexanderDavid William AlexanderRory MalcolmCullinanRory Malcolm CullinanMartin Wayne BaggsMartin Wayne BaggsAECOM LimitedAECOM LimitedJoseph BernardMangionJoseph Bernard MangionPeter SzymonAntolikPeter Szymon AntolikRobert Peter ThianRobert Peter ThianKeith TozziKeith TozziChristèle DelbéChristèle DelbéPhillip WilliamPetersPhillip William PetersMichael WilliamWeltonMichael William WeltonJohn Donald BlackWorkmanJohn Donald Black WorkmanRobert ArchieJenningsRobert Archie JenningsChallengerInfrastructureFundChallenger Infrastructure FundLocal PensionsPartnershipInvestments LtdLocal Pensions Partnership Investments LtdGraham HillierSetterfieldGraham Hillier SetterfieldAffinity WaterLimitedAffinity Water LimitedViridor LimitedViridor LimitedDavid JohnStainthorpeDavid John StainthorpeJoanne StattonJoanne StattonSara SulaimanSara SulaimanPaul de RosenPaul de RosenWilliam TameWilliam TameWilliam AnthonyLambeWilliam Anthony LambeSurinder SinghToorSurinder Singh ToorFrancois DarleyFrancois DarleyRichard AnthonyNelsonRichard Anthony NelsonSandra FayeReddingSandra Faye ReddingDragon OilDragon OilJaron YuenJaron YuenBinnies UK LimitedBinnies UK LimitedWSP UK LimitedWSP UK LimitedGrove CourtProperties(Holdings) LimitedGrove Court Properties (Holdings) LimitedCustodian PropertyIncome REIT PLCCustodian Property Income REIT PLCAffinity WaterHoldings LimitedAffinity Water Holdings LimitedMichael PaulSheffieldMichael Paul SheffieldRonnie EdwardMercerRonnie Edward MercerMichael CarmedyMichael CarmedyLisa HarringtonLisa HarringtonMWH TreatmentLimitedMWH Treatment LimitedTurner andTownsend ProjectManagement LimitedTurner and Townsend Project Management LimitedChristopher BakerChapmanChristopher Baker ChapmanMorrison WaterServices LimitedMorrison Water Services LimitedRichard FrankClaytonRichard Frank ClaytonNeil CraigMcArthurNeil Craig McArthurHighview PowerHighview PowerKeith Geddes LoughKeith Geddes LoughCapricorn EnergyPLCCapricorn Energy PLCDavid GoldenDavid GoldenJason DemetriousZibarrasJason Demetrious ZibarrasCLS Holdings PlcCLS Holdings PlcHunting PLCHunting PLCFivebioenergy SLFivebioenergy SLAlastair LumsdenSmithAlastair Lumsden SmithBronte LouiseSomesBronte Louise SomesBarrie WalterDelacourBarrie Walter DelacourWilliam JohnWesley CourtneyWilliam John Wesley CourtneyKevin Gregory HallKevin Gregory HallAnthony JamesFeganAnthony James FeganMark Alan WaltersMark Alan WaltersNadara LimitedNadara LimitedCheryl CampbellBlackCheryl Campbell BlackGillian Lesley GuyGillian Lesley GuyCentre for theAcceleration ofSocial TechnologyCentre for the Acceleration of Social TechnologyKerensa JaneJenningsKerensa Jane JenningsGroup of HumansLimitedGroup of Humans LimitedSebastianusAntonius TheodorusBoelenSebastianus Antonius Theodorus BoelenAdrian Peter PageAdrian Peter PageEnergy AssetsGroup HoldingsLimitedEnergy Assets Group Holdings LimitedInglenook GlobalLtdInglenook Global LtdLandlord TapLimitedLandlord Tap LimitedPhilip SwiftPhilip SwiftMEIF 6 RangeHoldings LimitedMEIF 6 Range Holdings LimitedJean Claude BanonJean Claude BanonGalliford TryConstructionLimitedGalliford Try Construction LimitedRobert DavidArmstrongRobert David ArmstrongCapitaCapitaWilliam CuttingWilliam CuttingAndrew Oswell BedeDaviesAndrew Oswell Bede DaviesChemring Group plcChemring Group plcKier Group plcKier Group plcElysium House LtdElysium House LtdInspiring DigitalEnterprise AwardC.I.C.Inspiring Digital Enterprise Award C.I.C.Michael ColinPutnamMichael Colin PutnamNetwork RailLimitedNetwork Rail LimitedCurium FinanceLimitedCurium Finance LimitedGerrards HouseLimitedGerrards House LimitedBazalgette TunnelLimitedBazalgette Tunnel LimitedAcciona EnergíaInternacional SAAcciona Energía Internacional SAMEIF 6 Range BidcoLimitedMEIF 6 Range Bidco LimitedCostain LimitedCostain LimitedKPMG LLPKPMG LLPKevin McCulloughKevin McCulloughPortsmouth WaterLimitedPortsmouth Water LimitedMott MacDonaldLimitedMott MacDonald LimitedJohn ClementHarrisJohn Clement HarrisEKFB joint ventureEKFB joint ventureRosemary JaneCecilia BootRosemary Jane Cecilia BootChapter ZeroLimitedChapter Zero LimitedSDCL EfficiencyIncome Trust PlcSDCL Efficiency Income Trust PlcRockhopperExploration PLCRockhopper Exploration PLCSkanskaConstructionHoldings UKLimitedSkanska Construction Holdings UK LimitedSkanska UK PlcSkanska UK PlcSouthStaffordshireLimitedSouth Staffordshire LimitedSouthStaffordshireWater PlcSouth Staffordshire Water PlcMerlin PropertiesLimitedMerlin Properties LimitedThames WaterUtilities FinancePlcThames Water Utilities Finance PlcMEIF 6 RangeInvestmentsLimitedMEIF 6 Range Investments LimitedUBS InfrastructureFund GP UK LtdUBS Infrastructure Fund GP UK LtdUnited UtilitiesWater LimitedUnited Utilities Water LimitedHoward CharlesGoodbournHoward Charles GoodbournStuart DerwentStuart DerwentBruce AlexanderOgston HewettBruce Alexander Ogston HewettVentient EnergyLimitedVentient Energy LimitedWates GroupWates GroupTriple PointEnergy TransitionPlcTriple Point Energy Transition PlcUrban&Civic PlcUrban&Civic Plc

Solid line: documented. Amber dashed: reported. Grey dotted: hypothesis. One arrow: the relationship as stated; two arrows: reciprocal; no arrow: symmetric. A path between two parties does not transfer an allegation from one to the other.

every party and relationship in full, as text ↓

Information markers
  • A1 · Convicted in Environment Agency pollution prosecutions, 2013-2026 (fines include £90 million in 2021 and £7.1 million in 2026) — Southern Water Services Limited
  • A2 · Prosecuted from July 2026 over alleged manipulation of wastewater flow-monitoring tests (2013-2017 conduct); pending — Southern Water Services Limited
  • A3 · Further Environment Agency prosecutions pending at the cutoff (River Test guilty pleas awaiting sentence; other Kent and Hampshire cases) — Southern Water Services Limited
  • A4 · Drinking Water Inspectorate prosecutions (guilty pleas in 2017, 2018 and 2022) and a 2023 caution — Southern Water Services Limited
  • A5 · Ofwat enforcement decision of October 2019: £126 million penalty and rebate package and formal undertakings — Southern Water Services Limited
  • A6 · Enforceable undertakings accepted by Ofwat in February 2026 for wastewater treatment breaches; no financial penalty — Southern Water Services Limited
  • A7 · Triggered Ofwat's prohibition of directors' performance-related pay for 2024/25 and 2025/26 — Southern Water Services Limited
  • A8 · Environment Agency investigation of the October 2025 bio-bead release at Eastbourne; active, no charge recorded — Southern Water Services Limited
  • A9 · Going-concern material uncertainty in the 2024-25 accounts and 2025 interim report; not repeated in 2025-26 after new equity — Southern Water Services Limited
  • A10 · Press report (July 2026) of errors in the 2025-26 annual report, which the company accepted and corrected — Southern Water Services Limited
  • A13 · Rescue share issue of about £1.3 billion found no takers (April 2025); the group passed to a new owner in July 2025 — Greensands Holdings Limited
  • A12 · In administration from 4 July 2025, with a pre-packaged sale of its subsidiaries; administration ended in February 2026 — Greensands (UK) Limited
  • A11 · Charged in 2026 with conspiracy to defraud over flow-monitoring tests; denies wrongdoing; case sent to Maidstone Crown Court — Matthew Reginald Wright

Markers apply only to the named participant. They do not transfer allegations to connected parties.

Participants 263

Subject

Leadership

Group companies

Counterparties

Historical

Other

Relationship register 432

chronology

  1. Scottish Power plc acquires Southern Water plc c-own-scottishpower-1996
  2. ScottishPower completes the sale of Southern Water to First Aqua Limited c-own-sale-2002
  3. Securitised financing group of Southern Water set up c-chain-securitised-group
  4. Greensands Holdings becomes ultimate parent after Greensands Investments acquires Southern Water Capital c-own-greensands-2007 c-own-sale-2007
  5. Southern Water fined £200,000 for Margate discharges c-ea-2013-margate-sentence
  6. Court of Appeal dismisses Southern Water's appeal against the Margate fine c-ea-2014-appeal
  7. Southern Water fined £2,000,000 for discharges from the Margate pumping station c-ea-2016-margate-fine
  8. Southern Water fined at Southampton Magistrates' Court over discoloured water after a burst main c-inc-dwi-burst-main
  9. Southern Water fined at Newport Crown Court over unfit water from the Cooks Castle reservoir c-inc-dwi-cooks-castle
  10. Asterion Industrial Partners SGEIC entered in the CNMV register c-aso-cnmv-registration
  11. Greensands Finance replaces Greensands Investments as registered controller of Southern Water Capital c-chain-swc-parents c-chain-gsf-parents
  12. Ofwat confirms £126 million penalty and rebate package for Southern Water c-ofw-2019-findings c-ofw-2019-package
  13. Selfina Inversiones and Warrington Investments registered as sole-member companies c-aso-selfina-inc c-aso-warrington-inc
  14. Southern Water enters into a water-supply arrangement with Portsmouth Water linked to the Havant Thicket Reservoir c-con-portsmouth-water
  15. Shareholder Eurobonds exchanged for new shares in Greensands Holdings c-own-eurobonds
  16. Southern Water fined a record £90 million for 51 offences c-ea-2021-sentence
  17. William Price, Martin Bradley and Mark Mathieson appointed directors c-board-2021-handover
  18. MSCIF Wight Bidco acquires 62.24% of Greensands Holdings c-mq-wight-bidco-stake c-mq-agreement-2021
  19. Environment Agency and Ofwat launch an investigation into the sewage treatment works of all wastewater companies c-ofw-2021-sector-investigation
  20. Southern Water fined at Hove Crown Court over chlorate at High Park c-inc-dwi-high-park
  21. Lawrence Gosden joins the board as Chief Executive Officer c-board-gosden-ceo
  22. Ofwat names MSCIF and MAMES as Ultimate Controllers c-mq-ultimate-controllers
  23. Drinking Water Inspectorate cautions Southern Water over unfit water supplied on 30 July 2021 c-inc-dwi-caution
  24. Criminal cyber attack on Southern Water's IT systems, in which data was stolen c-inc-cyber
  25. Nine contracts concluded under the AMP8 Professional Services Framework c-con-psf-framework
  26. Kier Integrated Services, Galliford Try Construction and Morrison Water Services contracts concluded under the AMP8 capital delivery framework c-con-sdp-kier c-con-sdp-galliford c-con-sdp-morrison
  27. Costain and MWH Treatment group contract concluded under the AMP8 capital delivery framework c-con-sdp-costain-mwh
  28. Ofwat publishes its PR24 final determination of Southern Water's 2025–30 price control c-fin-pr24
  29. Greensands Holdings tells its investors that Southern Water Services needs £900m of additional funding c-rs-consultation-letter
  30. Rescue Issue of about £1.3bn terminated after no investor accepts it c-rs-rescue-issue
  31. Southern Water pleads guilty to 13 Margate and Broadstairs charges c-ea-margate-2026-charges
  32. Sandstone Bidco acquires Greensands Junior Finance and replaces Greensands Holdings as ultimate indirect UK holding company c-chain-restructure-2025 c-chain-gsjf-parents
  33. Southern Water Services accepts Sandstone Bidco's £655 million equity commitment; lock-up agreement signed c-rs-ecl c-rs-lua
  34. Press report of Kent MPs' letter asking the chief executive to decline his long-term incentive payment c-pay-press-mps-letter
  35. Category 1 pollution incident at Florence Farm triggers the bonus prohibition, according to the company c-pay-bonus-prohibition
  36. High Court sanctions the SWS and MidCo schemes of arrangement c-rs-schemes
  37. Operators find bio-beads escaped from containment equipment into the Eastbourne wastewater works c-inc-biobeads
  38. Sandstone Bidco's investors inject £505.0 million of equity into the group c-rs-equity-received
  39. Ofwat reports Southern Water in cash lock-up in its financial resilience report for 2024–25 c-fin-ofwat-mfr
  40. Ofwat reports Southern Water among six companies that triggered its rule against directors' performance-related pay c-ofw-2025-bonus-rule
  41. Southern Water concludes that bio-beads reported at Camber Sands had probably been released from Eastbourne c-inc-biobeads
  42. Information Commissioner's Office confirms no regulatory action over the 2023 cyber attack, the company reports c-inc-cyber
  43. Investor-nominated director Steve Fraser leaves the board c-board-fraser
  44. Ofwat accepts new section 19 undertakings from Southern Water and imposes no financial penalty c-ofw-2026-undertakings c-ofw-2026-no-penalty
  45. Notice of end of administration of Greensands (UK) Limited filed c-rs-admin-filings
  46. Sandstone Bidco's investors inject a further £395 million of equity into the group c-rs-equity-received
  47. Competition and Markets Authority publishes its redetermination c-fin-pr24 c-rs-going-concern-2026
  48. Andrew Davies joins the board as Chair Designate c-board-chair-change c-board-filings-2026
  49. SW (Finance) I PLC issues a £300 million bond and buys back £181.0 million of its A14 bond c-fin-swfi-post
  50. Asterion investment in the Southern Water group announced and notified to the European Commission c-ast-commitment c-ast-ec-notification
  51. Southern Water pleads guilty to River Test permit charges c-ea-river-test
  52. Southern Water's 2025–26 accounts approved, with no material uncertainty on going concern c-fin-signoff c-rs-going-concern-2026
  53. Andrew Davies succeeds Keith Lough as Chair c-board-chair-change
  54. Southern Water fined £7,127,083 for the Margate and Broadstairs offences c-ea-margate-2026-sentence
  55. European Commission clears case M.12488 (Asterion / Macquarie / Southern Water) c-ast-ec-clearance
  56. Sandra Redding succeeds Richard Manning as Company Secretary c-board-register-secretaries c-board-filings-2026
  57. Environment Agency announces prosecutions in the flow-monitoring case; Divisional Court refuses judicial review c-osm-ea-proceedings c-osm-jr-outcome
  58. Fitch upgrades the senior secured debt rating from BBB- to BBB c-fin-fitch-2026
  59. Transaction completes with Asterion taking a 20% minority shareholding in the group c-ast-ofwat-transaction
  60. Sandstone Water Holdings allots 20,345 new shares and appoints four directors c-ast-swhl-shares c-ast-swhl-20pct c-ast-swhl-board-2026
  61. Stephen Hurrell appointed a director c-board-new-investor-directors c-board-filings-2026
  62. Flow-monitoring case sent to Maidstone Crown Court c-osm-first-appearance
  63. Environment Agency announces £2.4 million fine for the Faversham and Whitstable pollution c-ea-faversham-sentence
  64. Ofwat opens a consultation on the change of control of Southern Water c-ast-ofwat-consultation

cite this dossier

DossierTwist, “Southern Water: owners, rescue and enforcement record”, dt.036, 24 October 2026, https://dossiertwist.com/dossiers/southern-water-services-limited/

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