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February 14, 2016 7:04 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
Compensation as of Fiscal Year 2015.

Bristol Water plc Key Developments

Bristol Water plc Announces Resignation of Mike King as Executive Director, Effective December 31, 2015

Bristol Water plc announced that Mike King, Regulatory Director, will be stepping down on 31st December 2015 as an Executive Director and as Regulatory Director of the Company.

Bristol Water plc Reports Unaudited Earnings Results for the Six Months Ended September 30, 2015

Bristol Water plc reported unaudited earnings results for the six months ended September 30, 2015. For the period, the company's revenue was £55.6 million compared to £66.0 million a year ago. Operating profit was £16.5 million compared to £25.2 million a year ago. Profit on ordinary activities before taxation was £12.9 million compared to £20.1 million a year ago. Profit for the period was £10.2 million or 170.0 pence per share compared to £15.0 million or 250.0 pence per share a year ago. Net cash inflow from operating activities was £19.6 million compared to £20.5 million a year ago. Purchase of property plant and equipment was £20.4 million compared to £31.8 million a year ago. Decrease in EBITDA mainly driven by revenue decrease due to reduction in water tariffs partially offset by efficiencies in operating expenditure.

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.

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