August 31, 2016 12:47 AM ET

Water Utilities

Company Overview of Thames Water Utilities Ltd.

Company Overview

Thames Water Utilities Limited provides water and wastewater services in the United Kingdom. It operates through Retail, Water, and Wastewater segments. The company’s Retail segment provides customer services, including billing and revenue collection for household and non-household operating companies. Its Water segment provides various services, such as raw water abstraction and treatment, as well as distribution of drinking water to household and non-household customers. The company’s Wastewater segment engages in the wastewater collection, treatment, and safe disposal, as well as is involved in the construction of interface works to the Thames Tideway tunnel. In addition, it offers water ...

Clearwater Court

Vastern Road

Reading,  RG1 8DB

United Kingdom

Founded in 1989

5,057 Employees

Key Executives for Thames Water Utilities Ltd.

Chief Executive Officer, Executive Director, Chairman of Health, Safety & Environment Committee and Member of Tideway Tunnel Committee
Age: 51
Chief Financial Officer, Executive Director and Member of Tideway Tunnel Committee
Age: 63
CVO and External Affairs & Sustainability Director
Managing Director of Water
Managing Director of Wastewater
Compensation as of Fiscal Year 2016.

Thames Water Utilities Ltd. Key Developments

Thames Water Utilities Limited Announces Earnings Results for the Year Ended March 31, 2016

Thames Water Utilities Limited announced earnings results for the year ended March 31, 2016. For the period, the company’s operating profit was GBP 742.2 million, compared with GBP 675.6 million a year ago, due to higher revenues and sale of surplus land. The company reported that profit for the year ended March 31, 2016 was GBP 566.4 million, compared to GBP 363.6 million for the year ended March 31, 2015. Revenue for the year ended March 31, 2016 were GBP 2.04 billion, compared to GBP 1.99 billion for the year ended March 31, 2015. Profit on ordinary activities before taxation for the year ended March 31, 2016 was GBP 511.2 million, compared to GBP 364.7 million for the year ended March 31, 2015.

Thames Water Utilities Ltd. Announces Executive Changes

Thames Water Utilities Ltd. announced that Steve Robertson will succeed Martin Baggs as Chief Executive of the company in early September 2016.

Thames Water Utilities Ltd. Announces Board Changes

Thames Water Utilities Ltd. announced that Nick Fincham, will join the Board with immediate effect and that Stuart Siddall has decided to retire at the end of 2016. Nick Fincham, 45, has been the company's Strategy and Regulation Director, and a member of the company's Executive Team, since April 2011. He will continue in these roles and now joins the Board as an Executive Director. Nick Fincham oversaw the preparation of the company's business plans ensuring that these were centred on the needs of the customer. Stuart Siddall, 62, has been the company's Chief Financial Officer, an Executive Director on the Board, and a member of the Executive Team since September 2011. He has had a 40 year career in corporate finance and has held five successive CFO appointments since 1990. Stuart Siddall will work alongside the company's new Chief Executive, to be named shortly, until the end of the year and will then retire. A search for his successor as CFO will start once the new Chief Executive is in post.

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Recent Private Companies Transactions

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