DWR CYMRU CYFYNGEDIG
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Cash
£620M
+320.6% vs 2024
Net assets
£1.4B
-8.9% vs 2024
Employees
4,047
+6.8% vs 2024
Profit before tax
-£152M
+36.1% vs 2024
Net assets
2-year trend · vs Utilities median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £924,400,000 | £915,700,000 | -0.9% | |
| Operating profit | £46,000,000 | -£9,000,000 | -119.6% | |
| Profit before tax | -£237,900,000 | -£152,000,000 | +36.1% | |
| Net profit | -£181,200,000 | -£108,400,000 | +40.2% | |
| Cash | £147,300,000 | £619,500,000 | +320.6% | |
| Total assets less current liabilities | — | — | — | |
| Net assets | £1,490,800,000 | £1,358,000,000 | -8.9% | |
| Equity | £1,490,800,000 | £1,358,000,000 | -8.9% | |
| Average employees | 3,790 | 4,047 | +6.8% | |
| Wages | £163,300,000 | £181,000,000 | +10.8% | |
| Directors' remuneration | £1,555,000 | £1,607,000 | +3.3% |
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 |
|---|---|---|---|
| Operating margin | 5.0% | -1.0% | |
| Net margin | -19.6% | -11.8% | |
| Gearing (liabilities / total assets) | 82.1% | 85.1% | |
| Current ratio | 0.97x | 0.94x | |
| Interest cover | 0.13x | -0.04x |
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 have 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. Having considered these matters, the Directors do not believe there are any material uncertainties to disclose in relation to the Company's ability to continue as a going concern.”
Significant events
- “Our operational financial performance was behind our financial plan primarily due to additional costs from red- weather storm events during the winter (notably Storms Bert and Darragh), a burst on a major trunk main located under the River Afon Ddu and inflationary cost pressures associated with the delivery of our services.”
- “In February, credit rating agencies downgraded our senior class B credit ratings to Baa1/BBB+/A-, from A3/A-/A.”
- “The average annual household bill will rise by an average of 27% (£136) in 2025.”
- “On 16 July 2024 Ofwat announced an enforcement case against the Company, into potential non-compliance with conditions of environmental permits and sewer overflows.”
- “In February 2025, Dwr Cymru Cyfyngedig were notified of intended legal proceedings against the Company in respect of potential pollution of the River Wye allegedly caused by sewer overflows, combined sewer overflows or other pollution events.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
10 active · 54 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 |
| CRICK, Thomas, Professor | Director | 2017-10-01 | Jan 1981 | British |
| HANSON, Jane Carolyn, Mrs | Director | 2021-01-01 | Sep 1967 | British |
| JAMES, Darren Glyn | Director | 2025-01-01 | Jun 1967 | British |
| KENRICK, Joanne Louise | Director | 2015-11-01 | Sep 1966 | British |
| POPE, Darren Scott | Director | 2025-01-01 | Aug 1965 | British |
| WILCOX, Alison | Director | 2025-01-01 | Feb 1965 | British |
Show 54 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 |
| 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 |
| 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 274 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 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 | |
| 2024-05-31 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2024-04-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-14 | AA | accounts | Accounts with accounts type full | |
| 2023-07-27 | TM01 | officers | Termination director company with name termination date | |
| 2023-04-12 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 2
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.