SOUTH EAST WATER (HOLDINGS) LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-06-03 (in 1mo)
Last made up 2025-05-20
Watchouts
None on the register
Cash
£2K
0% vs 2024
Net assets
£349M
+24.1% highest in 5 filed years
Employees
0
Average over period
Profit before tax
-£10M
-41.6% lowest in 6 filed years
Net assets
10-year trend · vs Industrials median
Accounts
10-year trend · latest reflected 2025-03-31
| Metric | Trend | 2020-03-31 | 2020-04-01 | 2021-03-31 | 2021-04-01 | 2022-03-31 | 2022-04-01 | 2023-03-31 | 2023-04-01 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | — | — | — | — | — | |
| Operating profit | — | — | — | — | — | — | — | — | — | — | |
| Profit before tax | £977,000 | — | £139,709,000 | — | £4,002,000 | — | £2,382,000 | — | -£6,754,000 | -£9,566,000 | |
| Net profit | £2,881,000 | — | £141,097,000 | — | £4,952,000 | — | £2,389,000 | — | -£2,858,000 | -£7,174,000 | |
| Cash | £88,000 | — | £40,000 | — | — | — | £5,000 | — | £2,000 | £2,000 | |
| Total assets less current liabilities | £369,656,000 | — | £369,289,000 | — | — | — | £367,630,000 | — | £365,319,000 | £442,711,000 | |
| Net assets | £151,490,000 | — | £287,137,000 | — | — | — | £285,478,000 | — | £281,620,000 | £349,446,000 | |
| Equity | £151,490,000 | £151,490,000 | £287,137,000 | £287,137,000 | £286,889,000 | £286,889,000 | £285,478,000 | £285,478,000 | £281,620,000 | £349,446,000 | |
| Average employees | 0 | — | 0 | — | 0 | — | 0 | — | 0 | 0 | |
| Wages | — | — | — | — | — | — | — | — | — | — | |
| Directors' remuneration | — | — | — | — | — | — | — | — | — | — |
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
—
Not reported
-
Cash
0%
£2,000 £2,000
-
Net assets
+24.1%
£281,620,000 £349,446,000
highest in 5 filed years
-
Employees
—
Not reported
-
Profit before tax
-41.6%
-£6,754,000 -£9,566,000
lowest in 6 filed years
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 | 2020-03-31 | 2020-04-01 | 2021-03-31 | 2021-04-01 | 2022-03-31 | 2022-04-01 | 2023-03-31 | 2023-04-01 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gearing (liabilities / total assets) | — | — | — | — | — | — | — | — | 22.9% | 21.1% | |
| Current ratio | — | — | 7869.00x | — | — | — | — | — | — | — |
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 1 time since incorporation
- SOUTH EAST WATER (HOLDINGS) LIMITED 2004-06-02 → present
- HACKREMCO (NO. 2061) LIMITED 2003-05-20 → 2004-06-02
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the above, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, being a period of at least one year from the date of approval of the financial statements and to meet its obligations as they fall due. For this reason the board considers it appropriate to continue to adopt the going concern basis of accounting in preparing the financial statements.”
Group structure
- SOUTH EAST WATER (HOLDINGS) LIMITED · parent
- South East Water Limited 100%
- South East Water (Finance) Limited 100%
Significant events
- “In December 2024, the ultimate shareholders of the company provided additional equity to the group of £75 million.”
- “In May 2025, the ultimate shareholders of the company provided additional equity to the group of £200 million.”
- “In August 2024 the group secured £50 million in a new loan.”
- “In December 2024 the ultimate shareholders provided £75 million of new equity to reduce gearing and enable the extension of the £120 million loan.”
- “In May 2025 the shareholders provided a further £200 million of equity which enabled the group to further reduce gearing, subsequently repaying both the £120 million loan and the outstanding balance on the group's revolving credit facility of £69 million.”
- “In August 2025, the £125 million revolving credit facility which had been due to mature in September 2026 was renewed.”
- “In August 2025 the group entered into a new £30 million term loan, also maturing in August 2028.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 31 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TRUILLET, Nicolas Alexandre Desire | Secretary | 2008-10-01 | — | French |
| MARIA, Pere Minguell | Director | 2024-09-24 | Sep 1993 | Spanish |
| MCARDLE, Mark Gerard Denis | Director | 2022-03-17 | Jun 1987 | British |
Show 31 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BURNS, Noel James | Secretary | 2004-06-02 | 2008-09-30 |
| HACKWOOD SECRETARIES LIMITED | Corporate Nominee Secretary | 2003-05-20 | 2004-06-02 |
| BAGGS, Martin Wayne | Director | 2006-07-06 | 2006-10-02 |
| BHATIA, Kanishk | Director | 2011-03-15 | 2014-01-15 |
| BUTLER, Paul | Director | 2006-10-02 | 2011-03-16 |
| COTE, Patrick | Director | 2014-01-28 | 2014-10-29 |
| CRAIG, James Stuart | Director | 2004-06-02 | 2005-12-01 |
| DEVLIN, Margaret Patricia | Director | 2004-06-02 | 2006-05-26 |
| DIXON, Peter Vincent | Director | 2014-01-28 | 2017-04-27 |
| DREW, Rachel Amelia | Director | 2019-12-27 | 2022-03-17 |
| FORTIN, Oliver | Director | 2014-10-29 | 2017-02-08 |
| HIGGINS, Howard Charles | Director | 2005-12-01 | 2006-10-02 |
| JORDAN, Stephen Francis | Director | 2018-08-03 | 2019-12-27 |
| LE GAL, Anne Noelle | Director | 2021-06-19 | 2023-04-14 |
| LE GAL, Anne-Noelle Noelle | Director | 2024-01-25 | 2024-09-24 |
| LE GAL, Anne-Noelle Noelle | Director | 2018-06-28 | 2018-08-03 |
| LE GAL, Anne-Noelle | Director | 2018-06-28 | 2018-06-28 |
| LEROUX, Jean-Etienne | Director | 2011-03-15 | 2014-02-26 |
| MAXWELL, Gordon Walker | Director | 2006-10-02 | 2011-03-16 |
| OUELLET, Jean Pierre | Director | 2013-07-24 | 2017-02-08 |
| RIDLEY, David Andrew | Director | 2007-12-18 | 2008-05-07 |
| ROSATI, Valeria, Ms | Director | 2008-05-22 | 2016-09-14 |
| SCHUBERT, Oliver Jan | Director | 2023-04-14 | 2024-01-25 |
| SCHUBERT, Oliver Jan | Director | 2021-09-13 | 2023-04-14 |
| SCHUBERT, Oliver Jan | Director | 2017-04-28 | 2019-03-04 |
| STENT, John Julian | Director | 2004-06-02 | 2005-12-01 |
| STIMPSON, Joanne Elizabeth | Director | 2006-10-02 | 2011-03-16 |
| SZCZEPANIAK, Marissa Ann | Director | 2019-03-04 | 2021-06-19 |
| SZCZEPANIAK, Marissa Ann | Director | 2016-09-15 | 2018-08-03 |
| TAYLOR, Peter Nolan | Director | 2006-10-02 | 2007-12-18 |
| HACKWOOD DIRECTORS LIMITED | Corporate Nominee Director | 2003-05-20 | 2004-06-02 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Hastings Water (Uk) Limited | Corporate entity | Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 150 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-06-03 RESOLUTIONS Resolution
- 2025-05-28 RESOLUTIONS Resolution
- 2025-01-10 MA Memorandum articles
- 2024-12-28 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-10 | AA | accounts | Accounts with accounts type full | |
| 2025-06-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-06-03 | RESOLUTIONS | resolution | Resolution | |
| 2025-05-30 | SH01 | capital | Capital allotment shares | |
| 2025-05-28 | RESOLUTIONS | resolution | Resolution | |
| 2025-01-10 | MA | incorporation | Memorandum articles | |
| 2025-01-07 | SH01 | capital | Capital allotment shares | |
| 2024-12-28 | RESOLUTIONS | resolution | Resolution | |
| 2024-12-24 | AA | accounts | Accounts with accounts type full | |
| 2024-09-30 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-30 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-30 | CH01 | officers | Change person director company with change date | |
| 2024-01-30 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-30 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-20 | AA | accounts | Accounts with accounts type full | |
| 2023-06-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-20 | AP01 | officers | Appoint person director company with name date | |
| 2023-04-20 | TM01 | officers | Termination director company with name termination date | |
| 2023-04-20 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 2
- Officers appointed
- 0
- Officers resigned
- 0
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.