DWR CYMRU CYFYNGEDIG
Trading as Welsh Water, the company is a regulated utility owned by the non-profit Glas Cymru Holdings that provides drinking water and wastewater services across Wales and parts of western England.
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Cash
£57m
-90.8% lowest in 3 filed years
Net assets
£1.5bn
+10.9% highest in 3 filed years
Employees
4,056
+0.2% vs 2025
Profit before tax
-£88m
+42% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
4 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
3-year trend · vs Utilities median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £924,400,000 | £915,700,000 | £1,169,800,000 | +27.7% | |
| Operating profit | £46,000,000 | -£9,000,000 | £171,700,000 | +2,007.8% | |
| Profit before tax | -£237,900,000 | -£152,000,000 | -£88,200,000 | +42% | |
| Net profit | -£181,200,000 | -£108,400,000 | -£68,700,000 | +36.6% | |
| Cash | £147,300,000 | £619,500,000 | £57,200,000 | -90.8% | |
| Total assets less current liabilities | — | £7,694,600,000 | £8,620,800,000 | +12% | |
| Net assets | £1,490,800,000 | £1,358,000,000 | £1,505,900,000 | +10.9% | |
| Equity | £1,490,800,000 | £1,358,000,000 | £1,505,900,000 | +10.9% | |
| Average employees | 3,790 | 4,047 | 4,056 | +0.2% | |
| Wages | £163,300,000 | £181,000,000 | £195,300,000 | +7.9% | |
| Directors' remuneration | £1,555,000 | £1,607,000 | £2,198,000 | +36.8% | |
| Directors' pension contributions | £0 | £0 | £0 | — | |
| Highest paid director | £489,000 | £501,000 | £652,000 | +30.1% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|
| Operating margin | 5.0% | -1.0% | 14.7% | |
| Net margin | -19.6% | -11.8% | -5.9% | |
| Return on capital employed | — | -0.1% | 2.0% | |
| Gearing (liabilities / total assets) | 82.1% | 85.1% | 84.4% | |
| Current ratio | 0.97x | 0.94x | 1.37x | |
| Interest cover | 0.13x | -0.05x | 0.56x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- UK-adopted IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on the going concern basis as the Directors have a reasonable expectation that the Company has adequate resources for a period of at least 12 months from the date of their approval and that there are no material uncertainties to disclose”
Group structure
- DWR CYMRU CYFYNGEDIG · parent
- Welsh Water Organic Energy (Cardiff) Limited
- Cambrian Limited
- Welsh Water Organic Waste Limited
Significant events
- “On 8 October 2025 the Company received claims on behalf of 693 claimants relating to allegations that its activities have caused pollution in the rivers Wye, Lugg and Usk. Solicitors acting for the claimants state that there are more than 4,000 claimants.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
10 active · 56 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FOREMAN, Nicola Joanne | Secretary | 2023-02-06 | — | — |
| BEVAN, James David, Sir | Director | 2025-02-11 | Jul 1959 | British |
| BOWEN REES, Debra | Director | 2020-01-01 | Dec 1961 | British |
| CHEROUX, Roch Jean Guy Antoine | Director | 2026-01-05 | Sep 1966 | Australian |
| HANSON, Jane Carolyn, Mrs | Director | 2021-01-01 | Sep 1967 | British |
| JAMES, Darren Glyn | Director | 2025-01-01 | Jun 1967 | British |
| JEAVONS, Michael John | Director | 2026-06-11 | Mar 1969 | British |
| POPE, Darren Scott | Director | 2025-01-01 | Aug 1965 | British |
| STAZIKER, David James | Director | 2026-06-11 | Sep 1969 | British |
| WILCOX, Alison | Director | 2025-01-01 | Feb 1965 | British |
Show 56 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CURTIS, Richard Gregory | Secretary | 2001-05-11 | 2012-10-05 |
| CURTIS, Richard Gregory | Secretary | 1993-04-26 | 2001-02-07 |
| JONES, Sally Ann | Secretary | 2001-03-30 | 2001-05-11 |
| WARWICK, Timothy James | Secretary | — | 1994-03-31 |
| WILLIAMS, Geoffrey Wyn | Secretary | 2001-02-07 | 2001-03-30 |
| WILLIAMS, Nicola Redfern | Secretary | 2012-10-05 | 2023-02-06 |
| ANNETT, Nigel Charles | Director | 2001-05-11 | 2013-09-01 |
| ANNETT, Nigel Charles | Director | — | 2000-11-03 |
| AYLING, Robert John | Director | 2008-04-03 | 2016-07-08 |
| BARHAM, John Michael | Director | 2001-05-03 | 2001-05-11 |
| BRAIN, Alan Robert | Director | — | 1992-04-05 |
| BRIDGEWATER, Peter Jeremy | Director | 2014-09-01 | 2019-12-31 |
| BROOKER, Michael Peter, Dr | Director | — | 2005-03-31 |
| BRYANT, John Martin | Director | 2001-05-11 | 2014-07-04 |
| BURNS, Terence, Lord | Director | 2001-05-11 | 2010-07-09 |
| CARNWATH, Alison Jane, Dame | Director | 2001-05-11 | 2007-08-13 |
| CHARLES, Brian Howard | Director | — | 1997-07-25 |
| CRICK, Thomas, Professor | Director | 2017-10-01 | 2026-07-09 |
| DAVIES, Geraint Talfan | Director | 2001-05-11 | 2011-03-31 |
| DAVIS, Peter Michael | Director | 2020-01-01 | 2025-05-07 |
| EDWARDS, Graham Winston | Director | 2013-10-01 | 2023-07-07 |
| EDWARDS, Graham Winston | Director | 1998-03-12 | 2001-04-12 |
| HARRINGTON, Michael John | Director | 1994-10-01 | 1998-03-12 |
| HAWKER, Graham Alfred | Director | — | 2000-09-18 |
| HINE, Deirdre Joan, Dame | Director | 2001-05-11 | 2010-07-09 |
| HOBSON, Anthony John | Director | 2001-05-11 | 2012-07-06 |
| HUFTON, Noel Rees | Director | — | 1993-04-26 |
| ILLIDGE, Richard James | Director | 1996-01-01 | 2001-05-11 |
| JONES, Christopher Alun | Director | 2001-05-11 | 2020-05-15 |
| JONES, Christopher Alun | Director | 1996-02-07 | 2000-11-03 |
| JONES, John Elfed | Director | — | 1993-03-31 |
| JONES, Thomas Gordon | Director | — | 1993-03-31 |
| KENRICK, Joanne Louise | Director | 2015-11-01 | 2026-07-09 |
| LYNCH, Mark Steven | Director | 2000-09-18 | 2001-05-11 |
| LYONS, Alastair | Director | 2016-05-01 | 2024-12-31 |
| MILES, Gerwyn John | Director | 1998-03-12 | 2001-05-11 |
| MOORHOUSE, Barbara Jane | Director | 2023-01-16 | 2024-12-31 |
| MORGAN, Jeffrey Woosnam | Director | — | 1996-02-07 |
| MORIARTY, Patrick Brendan | Director | 1996-10-01 | 2001-05-11 |
| O'SULLIVAN, James Christopher | Director | 2005-09-12 | 2006-07-31 |
| OOSTHUIZEN, Daniel Charl Stephanus | Director | 2000-12-13 | 2001-05-11 |
| PALMER, Stephen Royston, Professor | Director | 2009-10-26 | 2017-12-08 |
| PERRY, Peter David | Director | 2006-08-01 | 2026-01-05 |
| RICHARDS, Menna | Director | 2010-11-22 | 2020-07-03 |
| STRACHAN, James Murray | Director | 2007-06-01 | 2015-07-03 |
| SYMONS, Robert Arthur | Director | 2000-12-13 | 2001-05-11 |
| THOMAS, Colin John | Director | 1994-10-01 | 1997-04-02 |
| THOMAS, David Hugh | Director | 1996-10-01 | 2001-05-11 |
| THOMPSON, Lila Ionie | Director | 2022-09-06 | 2025-11-06 |
| TWAMLEY, Paul James | Director | 1996-04-18 | 1998-03-12 |
| TWAMLEY, Paul James | Director | 1992-04-27 | 1993-04-26 |
| WALKER, Anna Elizabeth Blackstock | Director | 2011-03-03 | 2020-07-03 |
| WARREN, John Anthony | Director | 2012-05-04 | 2021-07-02 |
| WILLIAMS, Jeffrey David | Director | 1999-05-12 | 2001-05-11 |
| WILLIAMS, Jeffrey David | Director | 1997-04-02 | 1998-03-12 |
| WILLIAMS, John Daniel Robert | Director | — | 1995-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Dwr Cymru (Holdings) Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 279 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-16 | AA | accounts | Accounts with accounts type full | |
| 2026-07-13 | TM01 | officers | Termination director company with name termination date | |
| 2026-07-13 | TM01 | officers | Termination director company with name termination date | |
| 2026-06-17 | AP01 | officers | Appoint person director company with name date | |
| 2026-06-17 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-05 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-05 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-26 | AA | accounts | Accounts with accounts type full | |
| 2025-05-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-12 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-07 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-07 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-07 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-07 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-07 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-19 | AA | accounts | Accounts with accounts type full | |
| 2024-07-12 | RP04TM01 | officers | Second filing of director termination with name |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 0
- Officers appointed
- 3
- Officers resigned
- 4
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.