GLAS CYMRU HOLDINGS CYFYNGEDIG

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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

• Turnover

  -0.6%

  £925,300,000 → £919,500,000

• Cash

  +282%

  £167,100,000 → £638,400,000

• Net assets

  -8.9%

  £1,522,000,000 → £1,386,500,000

• Employees

  +6.8%

  3,790 → 4,047

• Operating profit

  +47.7%

  -£36,500,000 → -£19,100,000

• Profit before tax

  +31.5%

  -£218,700,000 → -£149,900,000

• Wages

  +7.1%

  £16,900,000 → £18,100,000

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

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.

Accounting basis

IFRS

Reporting scope

Consolidated group

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 Group and Parent Company have adequate resources to fund all material commitments and to continue in operational existence for a period of at least 12 months from the date of their approval of the financial statements, and for the foreseeable future.”

Group structure

1. GLAS CYMRU HOLDINGS CYFYNGEDIG · parent
   1. Water Research Centre (1989) Plc 100% · England and Wales
   2. Cambrian Water Industries Limited 100% · England and Wales
   3. Welsh Water Holdings Limited 100% · England and Wales
   4. Glas Cymru (Securities) Cyfyngedig 100% · UK resident
   5. Dŵr Cymru (Holdings) Limited 100% · UK resident
   6. Dŵr Cymru Cyfyngedig 100% · UK resident
   7. Dŵr Cymru (Financing) UK Plc 100% · UK resident
   8. Cambrian Utilities Limited 100% · UK resident
   9. Welsh Water Infrastructure Limited 100% · UK resident
   10. Welsh Water Organic Energy Limited 100% · UK resident
   11. Welsh Water Organic Waste Limited 100% · UK resident

Significant events

• “We continued to face challenges in meeting regulatory targets on performance, principally on customer acceptability of drinking water, supply interruptions, external flooding and pollution incidents.”
• “Ofwat's PR24 Final Determination allows for a major £2.6 billion investment to improve operational and environmental improvements in our most ambitious AMP yet.”
• “In the second half of 2024 we successfully raised £950 million including £750 million in sustainability bonds, and £200 million in bank loans over 5 to 7 years, increasing our total available liquidity at year end was £1.2 billion, up by £0.8 billion.”
• “Jane Hanson replaced Alastair Lyons as Chair of the Board on his retirement in January 2025. Barbara Moorhouse retired from the Board in December 2024. Four new NEDs joined the Board in January 2025. Peter Perry will retire in spring 2026.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.