AFFINITY WATER LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-06-30 (in 1mo)
Last made up 2025-06-16
Watchouts
None on the register
Cash
£128M
+114.2% vs 2024
Net assets
-£138M
-13.9% vs 2024
Employees
1,462
+2.2% vs 2024
Profit before tax
-£16M
+64.5% vs 2024
Net assets
2-year trend · vs Utilities median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £347,651,000 | £363,596,000 | |
| Operating profit | £21,775,000 | £33,234,000 | |
| Profit before tax | -£45,661,000 | -£16,225,000 | |
| Net profit | -£34,863,000 | -£16,805,000 | |
| Cash | £59,777,000 | £128,020,000 | |
| Total assets less current liabilities | — | — | |
| Net assets | -£121,557,000 | -£138,483,000 | |
| Equity | -£121,557,000 | -£138,483,000 | |
| Average employees | 1,430 | 1,462 | |
| Wages | £77,013,000 | £82,213,000 | |
| Directors' remuneration | £1,530,000 | £2,190,000 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+4.6%
£347,651,000 £363,596,000
-
Cash
+114.2%
£59,777,000 £128,020,000
-
Net assets
-13.9%
-£121,557,000 -£138,483,000
-
Employees
+2.2%
1,430 1,462
-
Operating profit
+52.6%
£21,775,000 £33,234,000
-
Profit before tax
+64.5%
-£45,661,000 -£16,225,000
-
Wages
+6.8%
£77,013,000 £82,213,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 6.3% | 9.1% | |
| Net margin | -10.0% | -4.6% | |
| Gearing (liabilities / total assets) | 105.8% | 105.8% | |
| Current ratio | 0.94x | 1.39x | |
| Interest cover | 0.24x | 0.42x |
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.
Name history
Renamed 4 times since incorporation
- AFFINITY WATER LIMITED 2012-10-01 → present
- VEOLIA WATER CENTRAL LIMITED 2009-07-01 → 2012-10-01
- VEOLIA WATER CENTRAL PLC 2009-07-01 → 2009-07-01
- THREE VALLEYS WATER PLC 1994-03-31 → 2009-07-01
- LEE VALLEY WATER LIMITED 1990-10-17 → 1994-03-31
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors consider that the company has adequate resources to continue its operational and financial obligations, and the directors have a reasonable expectation that this will continue for the foreseeable future and for at least 12 months from the date of approval of these financial statements. On this basis, the directors continue to adopt the going concern basis in preparing the financial statements.”
Group structure
- AFFINITY WATER LIMITED · parent
- Affinity Water Finance (2004) PLC 100%
- Affinity Water Finance PLC 100%
- Three Valleys Water Limited 100%
- Tendring Hundred Water Limited 100%
- Folkestone and Dover Water Services Limited 100%
- South Staffs Water Limited 100%
Significant events
- “We announced a £350 million unconditional committed equity in February 2025.”
- “We issued a £350 million Green Bond in March 2025.”
- “Our credit ratings were reaffirmed in February 2025 as A3/BBB+/BBB+.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
9 active · 79 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PUGSLEY, Simon Anthony Follett | Secretary | 2025-04-01 | — | — |
| BROWN, Michael William Tuke | Director | 2024-10-14 | Apr 1964 | British |
| MALTON, Shelley | Director | 2023-12-01 | Jan 1974 | British |
| NEWSOME, Christopher David | Director | 2019-01-24 | Dec 1957 | British |
| OSBORNE, Michael Peter Francis | Director | 2022-04-01 | Oct 1980 | British |
| READ, Justin Richard | Director | 2020-07-14 | May 1961 | British |
| STEPHENS, Adam Peter | Director | 2025-01-01 | Apr 1983 | British |
| TATARU, Roxana | Director | 2021-07-01 | Jun 1989 | British |
| WADDINGTON, Adam George | Director | 2023-05-12 | Dec 1974 | British |
Show 79 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CALDWELL, Colin | Secretary | 2019-11-07 | 2020-03-31 |
| KAUSHAL, Sunita | Secretary | 2020-04-01 | 2023-04-03 |
| MAKONI, Patrick | Secretary | 2023-04-03 | 2025-03-31 |
| MAYDON, Gary | Secretary | — | 1997-05-01 |
| MONOD, Timothy John William | Secretary | 2006-12-06 | 2019-11-06 |
| TAYLOR, Keith William | Secretary | 1997-05-01 | 2006-12-06 |
| ALEXANDER, David William | Director | 2000-04-01 | 2010-12-02 |
| ALEXANDER, David William | Director | — | 1994-05-27 |
| ASHCROFT, Philip Gillison | Director | 1998-03-02 | 2000-03-31 |
| BANON, Jean Claude | Director | 1994-05-28 | 2010-12-31 |
| BATES, Duncan John Lucas | Director | 2012-09-20 | 2017-07-31 |
| BIENFAIT, Richard Antoine | Director | 2006-07-01 | 2014-12-31 |
| BISHOP, Ann | Director | 2020-03-25 | 2022-07-18 |
| BISHOP, Jeffrey Anthony | Director | 2002-06-01 | 2010-06-08 |
| BOLT, Christopher Wesley | Director | 2015-02-26 | 2019-09-03 |
| BORRIE, Gordon, Lord | Director | 1994-05-28 | 2003-09-25 |
| BOTIJA, Antonio | Director | 2012-07-25 | 2014-07-25 |
| BRADBURY, Kenton Edward | Director | 2012-07-25 | 2015-03-31 |
| BRENKLEY, Ian John | Director | 2005-12-13 | 2007-11-15 |
| BRET, Olivier Marie | Director | 2013-12-31 | 2014-07-25 |
| BRET, Olivier Marie | Director | 2012-01-25 | 2012-06-27 |
| BRIMBLE, Richard John | Director | 2008-12-02 | 2010-07-07 |
| BUSCOMBE, Peta Jane, Baroness | Director | 2006-02-20 | 2015-09-30 |
| CAILLE, Daniel | Director | 1998-09-28 | 1999-11-22 |
| COCKER, Anthony David | Director | 2018-01-15 | 2021-01-29 |
| COCKS, Simon | Director | 2015-06-01 | 2018-10-01 |
| COX, Andrew | Director | 2023-11-15 | 2024-06-10 |
| CRAIG, Gareth Irons | Director | 2017-05-19 | 2018-07-25 |
| DARBY, Peter William | Director | — | 2007-05-31 |
| DARDI, Marissa Ann | Director | 2023-02-15 | 2023-05-12 |
| DARLEY, Francois | Director | 2003-09-25 | 2006-03-31 |
| DELLACHA, Maria Georgina | Director | 2016-09-13 | 2017-05-19 |
| DELLACHA, Maria Georgina | Director | 2014-07-25 | 2015-07-30 |
| DENCH, Andrew James | Director | 2012-07-25 | 2013-12-31 |
| DEVOS, Frederic | Director | 2007-12-13 | 2012-01-25 |
| DIDCOCK, Trevor John | Director | 2015-11-30 | 2025-02-28 |
| DONZELLI, Alberto Angelo | Director | 2012-07-25 | 2013-06-27 |
| GRUNBERG, Olivier | Director | 2008-07-07 | 2012-06-27 |
| GUITARD, Phillippe Roger Louis | Director | 2008-07-07 | 2012-06-27 |
| HASELDINE, John Midgley | Director | 1994-05-28 | 1994-09-16 |
| HASLETT, James Keith | Director | 2023-01-03 | 2026-03-31 |
| HERBERT, Jeffrey William | Director | 2012-07-27 | 2015-09-30 |
| HEWITT, David Clayton | Director | 2002-03-20 | 2006-06-30 |
| HIGSON, Paula Anne | Director | 1999-04-26 | 2003-09-12 |
| HOOPER, Susan Mary | Director | 2015-11-30 | 2022-03-31 |
| HORSLEY, Mark John | Director | 2019-12-19 | 2022-07-18 |
| JEFFERY, Jack | Director | 2000-02-01 | 2001-09-27 |
| KARNIK, Deven Arvind | Director | 2012-07-25 | 2013-03-08 |
| KORPANCOVA, Jaroslava | Director | 2017-05-19 | 2021-07-01 |
| KORPANEC, Jaroslava | Director | 2022-01-04 | 2022-08-01 |
| LEDGER, Stuart Neil | Director | 2017-10-09 | 2022-12-16 |
| LIEF, Mathieu Olivier Louis | Director | 2012-07-25 | 2013-04-22 |
| MCGOWN, James Frederick | Director | — | 2000-03-31 |
| MOHR, Gerard | Director | 1999-12-15 | 2003-06-26 |
| NELSON, Stephen Keith James | Director | 2015-03-31 | 2017-05-19 |
| NOLAN, Philip Michael Gerard, Dr. | Director | 2013-04-01 | 2018-01-30 |
| O'DONNELL BOURKE, Patrick Francis John | Director | 2013-07-24 | 2020-09-29 |
| PAGE, Arthur John, Sir | Director | 1994-06-10 | 2000-12-31 |
| PARK, David | Director | — | 1994-05-27 |
| PATERSON, Nigel John | Director | 2014-07-25 | 2017-05-19 |
| RHODES, Roland Nigel | Director | — | 1994-05-27 |
| ROBERTS, Miles William | Director | 1998-04-01 | 2000-06-03 |
| ROGER LACAN, Cyril | Director | 2003-09-25 | 2008-05-19 |
| ROPER, Anthony Charles | Director | 2018-07-25 | 2022-03-31 |
| ROSHIER, Angela Louise | Director | 2017-05-19 | 2023-02-15 |
| ROSS COLLINS, Michael Stewart | Director | 1994-05-28 | 2008-12-31 |
| ROUGHEAD, Martin | Director | 2023-04-17 | 2024-10-04 |
| SAIDJI, Yacine | Director | 2012-07-25 | 2017-05-19 |
| SCHUMACHER, Bernd | Director | 2015-07-30 | 2016-08-19 |
| SCHUMACHER, Bernd | Director | 2012-07-25 | 2013-06-27 |
| SMITH, Andrew Peter | Director | 2007-05-01 | 2010-03-09 |
| SPILLIAERT, Patrick | Director | 2003-11-01 | 2008-04-01 |
| SUMMERTON, Neil | Director | 2000-10-01 | 2012-08-20 |
| TARDIEU, Jean Pierre | Director | 1994-05-28 | 1996-12-11 |
| THOMAS, John Alan, Sir | Director | 2000-09-26 | 2009-07-31 |
| TYLER, Ian Paul | Director | 2021-01-11 | 2025-02-17 |
| WALSH, Pauline Mary | Director | 2018-05-01 | 2021-09-17 |
| WILMOTT, James Michael | Director | 2012-07-25 | 2017-05-19 |
| WOOLF, Fiona | Director | 2006-02-20 | 2013-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Affinity Water Capital Funds Limited | Corporate entity | Shares 75–100%, Voting 75–100%, right-to-appoint-and-remove-directors-as-firm | 2016-04-06 | Ceased 2016-04-06 |
| Affinity Water Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 373 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-03-07 RESOLUTIONS Resolution
- 2026-03-02 RESOLUTIONS Resolution
- 2026-02-26 RESOLUTIONS Resolution
- 2026-02-22 RESOLUTIONS Resolution
- 2025-03-24 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-02 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-19 | RP01SH01 | miscellaneous | Legacy | |
| 2026-03-07 | RESOLUTIONS | resolution | Resolution | |
| 2026-03-02 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2026-03-02 | SH20 | capital | Legacy | |
| 2026-03-02 | CAP-SS | insolvency | Legacy | |
| 2026-03-02 | RESOLUTIONS | resolution | Resolution | |
| 2026-02-27 | SH01 | capital | Capital allotment shares | |
| 2026-02-26 | SH20 | capital | Legacy | |
| 2026-02-26 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2026-02-26 | CAP-SS | insolvency | Legacy | |
| 2026-02-26 | RESOLUTIONS | resolution | Resolution | |
| 2026-02-22 | RESOLUTIONS | resolution | Resolution | |
| 2026-02-17 | SH01 | capital | Capital allotment shares | |
| 2026-01-07 | CH01 | officers | Change person director company with change date | |
| 2025-07-22 | AA | accounts | Accounts with accounts type full | |
| 2025-06-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-01 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-04-01 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-03-24 | MA | incorporation | Memorandum articles |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 17
- Capital events
- 6
- Officers appointed
- 0
- Officers resigned
- 1
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.