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October 05, 2015 6:02 PM ET

Water Utilities

Company Overview of Bristol Water plc

Company Overview

Bristol Water plc engages in water supply and related activities in the United Kingdom. Its operations include the abstraction, storage, treatment, and distribution of water to homes, businesses, and other premises. The company serves approximately 1.2 million people in an area of approximately 2,400 square kilometers in Bristol. The company was founded in 1846 and is based in Bristol, the United Kingdom. Bristol Water plc is a subsidiary of Bristol Water Core Holdings Limited.

Bridgwater Road

Bristol,  BS13 7AT

United Kingdom

Founded in 1846

519 Employees

Key Executives for Bristol Water plc

Chief Executive Officer, Executive Director and Member of Nomination Committee
Age: 50
Finance Director and Executive Director
Age: 43
Company Secretary
Regulatory Director and Executive Director
Age: 50
Compensation as of Fiscal Year 2015.

Bristol Water plc Key Developments

Bristol Water plc Announces Board Resignations

Bristol Water plc announced that with effect from 27 March 2015 Paul Bourdillon and Jack Bittan have resigned from the Board as non- executive directors of the company. Both will continue in senior positions at their respective employers within the Suez Environnement and Capstone Infrastructure Corporation groups. This change brings the Board composition into compliance with Ofwat's principles on Board leadership, transparency and governance.

Bristol Water plc Appoints Tim Tutton as Non- Executive Director of the Company, Effective January 1, 2015

Bristol Water plc announced that with effect from January 1, 2015, Tim Tutton is appointed as Non- Executive Director of the company. Mr. Tutton is an independent economic consultant specialising in economic regulation, especially in the energy sector. He is an Honorary University Fellow in the College of Life and Environmental Sciences at Exeter University. Previously he has been UK Director of Regulation at National Grid, Director of UK Utility Regulation at PricewaterhouseCoopers, and Senior Adviser at Oxera.

Bristol Water plc Proposes A Third Interim Dividend for the Year Ending 31 March 2015; Reports Unaudited Consolidated Earnings Results for the Six Months Ended September 30, 2014

The Board of Bristol Water plc has proposed a third interim dividend of £2.4 million in respect of the year ending 31 March 2015. The company reported unaudited consolidated earnings results for the six months ended September 30, 2014. For the period, the company's turnover was £66.0 million compared to £61.7 million a year ago. Operating profit was £17.0 million compared to £14.6 million a year ago. Profit on ordinary activities before taxation was £11.2 million compared to £8.3 million a year ago. Profit on ordinary activities after taxation was £7.9 million or 131.5 pence per share compared to £11.2 million or 186.7 pence per share a year ago. Net cash inflow from operating activities was £29.1 million compared to £29.7 million a year ago. Purchase of tangible fixed assets was £33.5 million compared to £43.8 million a year ago.

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