Wed 01 Jul 2020.
Southern Water is privately owned (through a series of holding companies) by the single-purpose company Greensands Holding Limited. Greensands is in turn owned by a series of investment and infrastructure funds, including UBS Asset Management (UK), JP Morgan Asset Management (US), Whitehelm Capital (Australia) and Hermes Infrastructure Funds (UK), amongst other.
Southern Water supplies water and sewerage services to customers across the south of England.
They lose 88.1 million litres of water per day from the pipes in their network!
Southern Water's CEO Ian McAuley received £1066,000 in pay and other remuneration in 2018.
Southern's shareholders took home £622 million in profit between 2013 and 2017.
In June 2019, Southern Water was forced to pay a £126 million fine for letting sewage pollute the environment and deliberately misreporting its performance.